Economic news
How smuggled US fuel funds Mexico’s cartels
Sophisticated criminal networks are illegally importing huge volumes of fuel — and piling pressure on Mexico’s president
Monzo’s customers aren’t yet ready to put a ring on it
Bank customers are notoriously sticky, which makes it hard for any newcomer to break into a developed market
Private market funds lag US stocks over short and long term
State Street private equity index outpaced by S&P 500 over 3 months and 1, 3, 5 and 10 years for first time since 2000
Trading firm Tower Research to launch fund for outside investors
High-frequency market makers are seeking new avenues for growth as competition rises
Winners and losers of UK spending review
Health and defence will receive a bump, but other departments face a further squeeze