Zurich Financial Services' asset management operations returned to profit in 2002 with a $24m profit, having posted a $39m (€36m) loss in 2001.

The marked improvement was a result of Zurich selling Zurich Scudder Investments - excluding Threadneedle Investments in the UK and all asset management operations in Italy and Germany - to Deutsche Bank in May 2002.

Zurich Financial's asset management arm posts profit

Pirkko Juntunen

Zurich Financial

Deutsche Bank

Bank of England unveils plans to reduce senior banker bonus deferrals 

Fordham’s geopolitical advisory firm enlists political heavyweights, Citi FX specialist

Citigroup said to plan fewer promotions in cost-cutting drive

Kirkland & Ellis hires Clifford Chance London fund finance heavyweight

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US legal giant raids Magic Circle law firm in London

Monzo appoints Mombak’s Tom Oldham as group CFO 

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Monzo appoints Mombak’s Tom Oldham as group CFO

The fintech has also appointed Barclays’ Mark Newbery as its UK CFO

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The advisory firm has turned to a former senior civil servant and Conservative MP to bolster its business amid heightened geopolitical tensions

The Japanese company is taking a bigger bet on the potential of artificial intelligence as the technology improves and gains momentum.

SoftBank Plans $1.5 Billion Investment in OpenAI

SoftBank Group Plans $1.5 Billion Investment in OpenAI

The luxury carmaker is raising around $264 million from investors as it seeks to stabilize its balance-sheet, and has cut its full-year earnings guidance for the second time in nearly three months.

Aston Martin Issues Another Profit Warning

Aston Martin Raises Cash From Investors, Issues Profit Warning

The food-delivery group said it aims to reduce the administrative burden, complexity and costs associated with its London listing, as it joins a growing list of companies leaving the U.K. bourse.

Just Eat Takeaway to Delist From London Stock Exchange

Just Eat Takeaway.com to Delist From London Stock Exchange

Kevin Hassett has been named to lead the National Economic Council, while Jamieson Greer has been selected as the U.S. trade representative.

Internal company documents describe the bank’s weak anti-money-laundering controls and failure to complete due-diligence reviews as staff expressed alarm: “We need to kill this.”

How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire

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SoftBank Plans $1.5 Billion Investment in OpenAI

Aston Martin Issues Another Profit Warning

Just Eat Takeaway to Delist From London Stock Exchange

Trump Rounds Out His Economic Team

How Morgan Stanley Courted Dodgy Customers to Build a Wealth-Management Empire