Wall Street’s $60tn nepo baby boom
The great wealth transfer is disrupting the business of managing money for rich people
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Small fraction of EU crypto groups hold licence as new rules come into force
Stringent bloc-wide MiCA regulations push unlicensed digital-assets companies to offload customers
What will murder the bull market?
As the investment adage goes, stock runs don’t die of old age
KKR plots entry into UK and European pension buyouts
Private capital rivals have piled into lucrative pension risk-transfer business
US fossil fuel power spending to beat China for the first time in decades
Boom in gas turbines to meet demand from data centres, IEA figures show
Uber-backed Lime raises $167mn in bike and scooter group IPO
Shares are priced at $25 in the deal underwritten by Goldman Sachs, JPMorgan and Jefferies