Thomas Weisel Partners, the US investment banking and brokerage boutique, is making about one in six of its employees redundant.

Thomas Weisel, the technology-focused firm based in San Francisco, is to make 100 of its roughly 600 staff redundant. A bank spokeswoman confirmed the cuts, saying that they will take place over the next few days.

Jeremy Adams in New York

BlackRock hires former Wellington exec to lead sustainable assets team

Europe’s impending active ETF ‘tsunami’, and M&G CIO on geopolitical shocks

Europe on the verge of active ETF ‘tsunami’ as Jupiter becomes latest market entrant

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

https://images.fnlondon.com/im-81781958?size=1.5

Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

https://images.fnlondon.com/im-06153452?size=1.5

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

Unicoin bills its token as being backed by billions of dollars in real-world assets, but Biden administration regulators and some crypto executives were skeptical.

By Alexander Osipovich and Caitlin Ostroff

Will Trump’s Crypto Cops Still Police Fraud? This Flashy Startup Poses a Test

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

Thomas Weisel to cut 100 jobs

Financial News

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

Bain Capital Ends Pursuit of Fuji Soft

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

Tencent Shares Rise as App Launches DeepSeek Testing

Will Trump’s Crypto Cops Still Police Fraud? This Flashy Startup Poses a Test