Eurozone’s largest bank forecasts rise in full-year profits and revenues even as interest rates are expected to fall
Plus, one UK local council gets wooed by a Monaco hedge fund and Rodolphe Saadé leans into building a media empire
Docklands financial estate renegotiates borrowing terms against backdrop of falling office valuations
Allocations represented only 16% of total new money garnered by ETFs, down from 65% during ‘highs’ of 2022
New figures show that default and recovery rates compare favourably with other debt asset classes