Private equity buyers snap up two more US accounting firms
Investcorp’s purchase of PKF O’Connor Davies and Centerbridge investment in Carr Riggs extend run of deals
Financial Times
Spirit bankruptcy gives priority boarding to opportunistic creditors
Hedge funds and bond managers are willing to invest millions of dollars to get reorganised carrier off the ground
Outgoing Manulife CEO says more scrutiny of private equity deals ‘welcome’
Roy Gori says increased oversight would be a way to reinforce confidence in the insurance industry
Activist investor Glenview secures 4 board seats at CVS Health
Drugstore operator’s concession follows recent replacement of its chief and leadership overhaul in its insurance unit
Vanguard says shareholders can vote for profits over ESG issues
Asset manager gives investors greater say on proxy votes as it tries to navigate backlash to ‘woke’ policies
Singapore oil trader sentenced to 17 years for ‘cheating’ HSBC over $112mn
Octogenarian Lim Oon Kuin handed long jail term as ‘deterrent’ in city-state’s fight against commodity trading corruption
Inside the world of activist short sellers
Plus, reforming Britain’s pensions industry, gold rally fizzles and Imaginary Lines at the Daniel Katz Gallery
The yawning investability gap between US banks and UK peers
British lenders face a competitive threat from Trump’s plans for regulatory bonfires
Government could force pension funds to invest more in UK assets
Further measures may be taken if ‘megafund’ reforms fail to boost domestic investment, says pensions minister
ECB split over report showing big EU banks’ capital requirements lower than US rivals
Officials say US rules would increase minimum capital levels by double-digit percentage for biggest EU banks
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