Ex-Fed official to face ethics inquiry over stock trades
Central bank’s officers declined to approve transactions disclosed by Adriana Kugler, who resigned in August
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US retailers try to handle change after penny’s demise
Shops face the question of whether to round up or down as the last one cent coin enters circulation
AJ Bell rules out offering new private market funds
Two of the UK’s biggest investment platforms have taken contrasting approaches to long-term asset funds
Number of Isa millionaires hits 5,000
Most trade infrequently, hold an international portfolio and often favour active funds
If private credit breaks, insurers will fall under the microscope
Rising holdings of the asset class could lead to problems when the next downturn comes
Companies still need IPOs
Despite the increasing supply of private capital, going public is still an important step in the life of a business