Warren Buffett to step down from Berkshire Hathaway
Plus, Trump adviser struggles to calm investors, the US economy contracts, and Edvard Munch at the National Portrait Gallery
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Bankers who lament ringfencing should watch what they wish for
Deregulation could open the door for big American rivals to invest in nascent UK lending operations
Global volatility is a reason to lean into emerging markets, not flee them
Investors should pursue a ‘barbell approach’ that focuses on high conviction public credit trades and strongly secured private credit
Private equity’s best days are over, says Egyptian billionaire Sawiris
Buyout firms’ difficulties in securing exits and distributing cash to investors are leading to mounting frustration
Trump has created a chance for the euro to rival the dollar
European leaders need to shed their political timidity to take the necessary steps
City rift opens up over the ringfencing of UK banks
Barclays CEO’s defence of regulation contrasts with calls for reform by other senior bankers