A philanthropic organisation, whose board members includes Sir Ronald Cohen, the former co-founder of Apax Partners, has launched an innovative bond designed to offer a financial return if fewer short-term UK prison inmates re-offend once released.

Social Finance has joined with the UK's Ministry of Justice in an attempt to reduce re-offending by prison leavers from Peterborough Prison with the launch of a £5m (€5.6m) Social Impact Bond.

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The bond manager hasn’t adjusted its portfolio saying it seems unlikely the president will get his way.

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Many on Wall Street have privately worried that political pressure will undermine the Federal Reserve’s credibility.

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Temperatures have been rising since the world’s oldest underground transportation system opened in 1863, presenting challenges that air conditioning can’t easily fix.

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The four-day minimum requirement will begin in the new fiscal year, and some leaders will have to relocate to Seattle or Toronto within 12 months.

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The bank put $50 billion toward lending to riskier companies to compete with nonbank giants dominating the market. The Walgreens deal was the payoff.

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More men than women are back in their cubicles, but remaining remote comes with risks. “It creates that barrier.”

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Continuation vehicles were once used by “zombie funds” but now usually contain top-performing companies.

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The short-term rental company now enables guests to book services at its properties. But hosts worry about liability—and not getting a cut.

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The president again pushed the Fed to lower rates, helping power the S&P 500 and the Nasdaq composite to fresh record closing highs.

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A new group plans to raise at least $20 million to stop the democratic socialist in the city’s mayoral race.

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Social Finance launches prison bond

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