McKinsey hands over control of controversial in-house asset manager
New York-based Neuberger Berman will manage assets of MIO, which invests private wealth of consulting firm’s partners
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Wall Street’s anything-but-tech trade shakes up US stock market
Energy groups, small-caps and materials companies have displaced AI-linked shares as the market’s best performers
EU seeks ban on Russian crypto assets to curb sanctions evasion
Brussels also wants to prohibit some trade with Kyrgyzstan, in first use of new powers against sanctions circumvention
FCA fines ex-advertising executive and friend over insider trading
Case is the fourth time in as many months that UK regulator has taken action over insider dealing
BP becomes first oil major to suspend share buyback plan
London-listed group says it will focus on strengthening its balance sheet