news
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
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
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