JP Morgan marks down private credit loans amid AI jitters Banking JP Morgan has marked down the value of specific loans held by private-credit groups, tightening its grip on the sector as boss Jamie Dimon warns of a looming AI reckoning. The bank’s move specifically targets software companies, which it now views as highly vulnerable to being replaced by artificial intelligence. By devaluing these assets, JP [...]
Blackstone’s private credit fund hands investors record redemptions Investing The world’s largest alternative asset manager is allowing investors to pull a record amount of cash from its flagship private credit fund as anxiety continues to ripple through the trillion-dollar industry. Blackstone will permit investors to redeem 7.9 per cent of shares from the fund – the equivalent to a whopping $3.8bn. The financial giant [...]
How HSBC and Standard Chartered are riding high on Asia’s wealth Banking London’s banking giants are circling the UK’s wealth management pie. But two other top lenders could be carving out a feast 6,000 miles away. HSBC and Standard Chartered posted hefty bumps to their wealth divisions, driven by a strategic focus on Asia and the Middle East. In financial results shared on Wednesday, HSBC revealed bank-wide [...]
Standard Chartered shares fall as finance boss exits for Apollo February 10, 2026 The finance boss of Standard Chartered has made a swift exit from the bank as he takes up a top job at asset manager Apollo. Diego De Giorgi, who joined the bank in September 2023 before becoming chief financial officer in January 2024, stepped down to lead Apollo’s European, Middle East and Africas region. The [...]
Schroders shares smash two-year high after surge in new business January 15, 2026 Wealth manager Schroders notched a two-year high on its stock price on Thursday morning after an influx of new business led to a major uptick in management fees. The FTSE 100 asset manager told markets it was expecting full-year operating profit to come in at £745m, up from £603m from the year prior. Shares rose [...]
Tech tailwinds boost Polar Capital as AI bubble balloons November 17, 2025 Asset manager Polar Capital reported a surge in earnings after the firm’s “meaningful exposure” to tech stocks provided a hefty tailwind. The London-listed business recorded a 21 per cent jump in pre-tax profit to £27.9m, this was up from £23.1m just last year. Whilst outflows soared to £690m, including a significant £632m concentrated in the [...]
Mattioli Woods: Wealth manager’s profit jumps after quitting London September 30, 2025 Profit at wealth and asset management business Mattioli Woods has jumped in the year after quitting the London Stock Exchange. The Leicester-headquartered business has reported a pre-tax profit of £14.2m for the 12 months to 31 May, 2025, new accounts filed with Companies House have revealed. The total is up significantly from the £1m it [...]
Legal & General: FTSE 100 giant touts asset management plans June 18, 2025 Legal & General is set to delve further into the asset management markets after outlining its fresh growth plan on Tuesday. The firm’s asset management arm, which oversees £1.1 trillion in assets, is setting out targets for the coming year to notch over £500m in operating profit. If successful, this would mark a sharp jump [...]
Premier Miton: Asset manager faces tariff strain May 29, 2025 AIM-listed fund manager Premier Miton recorded a drop in its assets for the first half of the financial year, citing “investor caution, particularly toward UK and European equity strategies”. The firm’s assets under management dropped to £10.2bn, compared to £10.7bn in September 2024. Net outflows jumped to £254m, a sharp increase from £46m for the same [...]