Lloyd’s of London chair backs internal CEO replacement
Bruce Carnegie-Brown endorses Patrick Tiernan as insurance market prepares for three top jobs to change hands
Financial Times
First cat bond ETF opens new frontier in low-correlation returns
Catastrophe bonds linked to randomly occurring natural disasters were previously considered too illiquid for ETFs
Klarna hit by buy now, pay later backlash as it targets $15bn IPO
Swedish fintech brought ‘pay in four’ to everything from food to fashion but sceptics point to model’s vulnerabilities
Rocket to buy Mr Cooper in $9.4bn deal to create US mortgage giant
Combined group will service loan book worth more than $2.1tn
Hedge funds fight over one of Europe’s largest lingerie brands
Dispute over control of Dutch retailer Hunkemöller is latest example of so-called creditor-on-creditor violence in Europe
Banks and tech groups commit to live data-sharing in UK fraud clampdown
Industry-led initiative promises to beat existing scam-monitoring systems
EQT teams up with Fortnox chair in bid valuing Swedish software group at $5.5bn
All-cash offer for accounting software specialist sends shares up 35%
Larry Fink warns ‘protectionism has returned with force’
BlackRock boss tells shareholders people are more anxious about the economy than at any time in recent memory
BoE plans to raise deposit guarantee from £85,000 to £110,000
Increase in protection designed to give confidence to UK depositors and to account for inflation
Thames Water selects KKR as preferred bidder
Private equity interest comes as UK’s largest water utility fights to avoid renationalisation
Pages
