Sanwa Bank is closing its global futures operations in London, Chicago and Singapore due to the economic downturn in Japan. A total of 75 jobs will be cut. The bank will continue to clear its own futures business, but will axe all customer futures execution and clearing business.

Morgan Stanley names Esteve head of equity syndicate in Europe

JPMorgan promotes de Grivel Nigam in European ECM shake-up

UBS transfers 544 more UK Credit Suisse staff across as integration continues

Senior GIC private equity lawyer joins Dechert in London

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US law firm hires private equity specialist from key client

Barclays poaches Citi managing director for wealth private credit push

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Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

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Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

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Regulators fined the fast-fashion retailer more than $40 million for what they deemed to be misleading practices on prices and environmental claims.

French Regulators Fine Shein for Misleading Discounts

David Frame is named global head of the private bank, helping deep-pocketed clients invest more abroad.

JPMorgan Is Revamping Its Bank for the Superrich to Cater to Global Clientele

Keir Starmer initially refused to confirm if Rachel Reeves would remain in post, causing sterling and gilts to sell off sharply.

U.K. Government Bonds, Pound Recover After Prime Minister Backs Treasury Chief

The narrow vote delivered the president a major second-term legislative victory.

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The deal with Vietnam seeks to stop Chinese-made goods from transiting through the Southeast Asian country to avoid higher duties.

Vietnam Trade Deal Takes Aim at Back Door for Chinese Goods

Hot weather and lax dress codes have us baring more at work.

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It’s the Summer of Too Much Skin at the Office

Ford chief predicts AI will replace “literally half of all white-collar workers.”

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The precision-measurement company has withdrawn its recommendation for its previously agreed takeover offer from Advent International.

Spectris Agrees to $5.64 Billion KKR Takeover

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The dollar lost momentum ahead of an expected decline in U.S. job creation, as investors expect the Fed to start cutting interest rates in coming months.

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The tech giant has been ramping up efforts to boost business growth in a bid to defend its place in China’s tech and commerce industries, as well as grow abroad.

Alibaba Readies $7 Billion Boost for Commerce Unit, Plans New Data Centers

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Sanwa shuts three operations

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