BNP Paribas has promoted Dominique Hoenn to the position of director general, the number two position in the bank behind Michel Pébereau.

Hoenn is a veteran of Paribas, having been with the firm since 1963. He has been on the board of BNP Paribas since BNP acquired Paribas last year.

William Wright

BNP Paribas

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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

Financial services companies like BNY and JPMorgan say AI’s capabilities are taking more and more cues from the way humans work.

Central bankers have conceded that they underestimated the impact of interruptions to supply on prices, having been more used to focusing on demand surges as a source of inflation.

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The S&P 500 has now added more than 9% since President Trump announced sweeping tariffs.

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The buyback program delivers on UBS’s plans to hand money back to shareholders after the Swiss government proposed tougher capital rules for the bank earlier this month.

The firm had big ambitions for three resorts with views of the Aegean Sea. It recently sold the properties, barely breaking even.

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Blockbuster tie-ups continued in the second quarter in industries relatively insulated from tariffs.

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Sixth Street’s Alan Waxman thinks his publicly traded rivals are turning private credit into a commoditized, lower-returning business.

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A Pioneer in Private Credit Warns the Industry Is Ruining Its Golden Era

Carney and Trump will try to reach an agreement by July 21, a Canadian spokeswoman said.

By Vipal Monga in Toronto and Paul Vieira in Ottawa 

Canada Rescinds Digital-Services Tax to Salvage Trade Discussions With U.S.

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