AllianzGI chief executive warns of AI ‘socialism’ as investors lean on chatbots Investing The chief executive of one of Europe’s largest asset managers has urged investors to avoid being over-reliant on general online chatbots to manage their portfolios, as it increases the risk of losses. Speaking at AllianzGI’s media day in Frankfurt, Tobias Pross, chief executive of AllianzGI, warned that relying on public online models, such as Claude, [...]
Easyjet fires back at ‘highly opportunistic timing’ as Castlelake weighs takeover bid Aviation Easyjet has fired back at speculation of a takeover, after reports emerged that private credit firm Castlelake was weighing a bid. The budget airline said it notes the “highly opportunistic timing” of a potential offer as it asserted its share price is “temporarily depressed due to the current situation in the Middle East and its [...]
‘Alarming’ lack of private credit understanding in finance bosses Banking The elusive nature of the private credit industry has been called further into question with fresh data revealing less than one in five financial services leaders fully understand their exposure to the sector. A fresh report from Big Four firm KPMG has found just 14 per cent of financial services executives believe they are fully [...]
Jenrick to re-write ‘Britannia Card’ plan for wealthy investors April 27, 2026 Reform UK are set to revise the terms of its ‘Britannia Card’ proposal, which was drafted as the party’s bid to lure wealthy foreign investors to the UK, Robert Jenrick has revealed. Jenrick, who is Reform’s Treasury spokesman, hinted that party officials were working on a proposal that was “even better” than a policy announced [...]
FTSE 100 Live: Stocks slump as oil rises; Reeves tax hikes trigger borrowing boost April 23, 2026 Good morning and welcome back to the City AM liveblog. An extended ceasefire may have been announced in the Middle East, but its left markets with major appetite for further peace before investor sentiment recovers. Brent crude – the international benchmark for oil prices – was trading back over the $100 mark on Thursday morning. [...]
Standard Life snaps up Aegon UK for £2bn to create savings giant April 15, 2026 Standard Life has snapped up the UK’s largest investment platform Aegon UK in a £2bn deal. The FTSE 100 giant – previously known as Phoenix Group – said the deal would create the UK’s top retirement savings and income business with near 16m customers and £480bn in assets under administration. Standard Life expects an annual [...]
Ex Titan Wealth chief executive is back to tackle the market once more March 18, 2026 The former chief executive of Titan Wealth has launched a new wealth management business in a bid to modernise the traditional market. Derek Miles, who is also the former chief executive of Aspira, launched Nine Edge Wealth on Wednesday with co-founder Kyle Augustin, who was previously chief executive at Fintel IQ. Jo Blake, also formerly [...]
Barclays set to cash in on market frenzy amid Middle East crisis March 5, 2026 Barclays and its UK banking peers could be set for a cash boost from the brewing crisis in the Middle East as investors quickly dump equities and fears of an inflation spike spread. FTSE 100 giant Barclays has been noted as uniquely shielded by analysts due to its mammoth market divisions. Jefferies analysts said the [...]
Blackstone’s private credit fund hands investors record redemptions March 3, 2026 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 [...]
Why Natwest splashed the cash for a slice of the wealth management pie February 10, 2026 Natwest has opened its wallet for its biggest deal since the financial crisis, as the bank revives its appetite for acquisitions after the remaining government-owned shares in the business were finally sold. But after the FTSE 100 firm watched its share price sink into the red on Monday, will there be a sense of buyer’s [...]