HSBC expects $1.1bn hit from legal fight over Madoff’s Ponzi scheme
Bank makes provision for lawsuit stemming from criminal enterprise that collapsed in 2008
The Flawed Welfare Foundations of Pro-Free Trade Arguments
The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.
Distribution Matters: Flawed Welfare Foundations in Classic Free Trade Arguments
The argument that free trade is always the correct policy is based on a flawed welfare analysis. Free trade results in winners and losers and economists are not competent to analyze the impact on well-being as a whole or the spillover social consequences of the discontent of the losers.
Legal & General agrees £4.6bn UK pensions buyout deal with Ford
Agreement comes as insurer seeks to ward off competition in lucrative transfer market for pension risk
Companies Have Shielded Buyers From Tariffs. But Not for Long.
Cars, toys and tea are among products set to get more expensive as tariffs weigh on corporate profits.
OpenAI shunned advisers on $1.5tn of deals
Sam Altman tapped handful of in-house dealmakers over external advisers and lawyers to design huge web of infrastructure agreements
CVC tax fraud probe threatens to rock Spain’s private equity sector
Prosecutors target leading dealmaker’s carried interest and firm’s use of overseas holding companies
UK banks should prepare to share their profit picnic
Chancellor Rachel Reeves needs an extra serving to fill the fiscal plate
Raise bank equity or keep rolling the dice
Our regulatory reflex since 2008 has been to add complexity and discretion rather than fix the core design
Cutting cash Isa limit could lead to 60,000 fewer mortgages a year
Building societies say cash Isa curbs would mean a substantial hit to their lending capacity
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