When the European Union’s MiFID II financial rule-book was rolled out in 2018, asset management veteran Martin Gilbert warned of the unintended consequences for the bankers and brokers supplying trading services and investment research to his industry. With fund managers suddenly forced to budget and pay for investment research ideas separately from their actual trades, it seemed inevitable that overall ...

India is trying something new. After watching the shadow banking industry collapse in slow motion for more than a year, authorities have decided that enough is enough. They want to experiment with in-court bankruptcy for nonbank lenders. But will going to a haircut salon leave the financial system any neater? Dewan Housing Finance Corp. will be the test case of ...

Bloomberg LVMH agreed to buy Tiffany & Co for more than $16 billion in the largest luxury-goods deal ever, raising the French conglomerate’s profile in jewellery and giving it access to a broader swath of shoppers in the US and Asia. The owner of the Louis Vuitton brand agreed to pay $135 a share for the US jeweller, according to ...