Shares in Swiss lender climb as wealth management business helps drive better than expected earnings
UK watchdog imposes multimillion-pound penalties for ‘multiple breaches’ during review of group at centre of savings scandal
A regulatory clampdown has led to lower inflows, a falling share price and talk that the wealth manager could face a takeover bid
Plus, Hollywood heavyweights back Skydance’s Paramount bid and boutique banks make a killing on distressed deals
Industry plays vital role in spreading risk but the business model is changing