Economic news
BofA apologises for bet against European private credit
US bank says recommendation has been withdrawn ‘based on a review of new information’
Net zero expectations slip to 2070 for some energy executives
Also in today’s newsletter: Fervo Energy secures $421mn for next-generation geothermal project
Europe’s central banks are no longer in a ‘good place’ as Iran war upends forecasts
The war in Iran has upset the economic equilibrium Europe threatening energy supplies, growth and the outlook for consumer prices, upsetting economic forecasts.
Kirkland & Ellis, the gilded age
The firm becomes first to break $10bn in annual revenues while equity partners take home $11.1mn