Private credit has a structural problem

Plus, tariff uncertainly gets worse

Posted on Monday February 23, 2026

Schroders will keep wealth manager Cazenove

Plus, Saba’s offer for Blue Owl funds, European inflows soar and Seurat at the Courtauld

Posted on Monday February 23, 2026

Does Europe need more private credit?

Maybe it does, maybe it doesn’t. We’re just happy to see the data.

Posted on Monday February 23, 2026

Private equity logjam builds as smaller firms fail to exit investments

Value of companies sitting in buyout funds increased 3% to $3.8tn in 2025, according to Bain & Company

Posted on Monday February 23, 2026

Private equity logjam hits record as firms struggle to sell

Value of companies sitting in buyout funds reached $3.8tn last year, according to Bain & Company

Posted on Monday February 23, 2026

Is the sale of Schroders really so bad for the City?

iShares’ sale to BlackRock holds lessons for the UK

Posted on Monday February 23, 2026

Inside Ukraine’s ‘kill zone’

Drones are reshaping the frontline with Russia — and the future of warfare

Posted on Monday February 23, 2026

Gold enters the storybook stage

Its price is now far above levels suggested by fundamental forces, but it’s hard to see what might stop its ascent

Posted on Monday February 23, 2026

US banks enjoyed record profits of $300bn in 2025

Lenders have prospered under Trump as they pay lower rates of interest to savers and write more loans

Posted on Monday February 23, 2026

Schroders chief vows to keep wealth manager Cazenove after £9.9bn takeover

Richard Oldfield says there is ‘no reason to think’ the business will be sold after deal with US fund manager Nuveen

Posted on Monday February 23, 2026