HVB has lost its fourth top executive since Unicredit announced the takeover of the German banking group in June.

Michael Kemmer, a member of the management board, who was to assume the role of chief risk officer of the enlarged group, has resigned.

Renée Schultes

Unicredit

Why Aberdeen, Polar are bullish on Europe, and Barings CEO on art of the private markets deal

Aberdeen, Polar Capital signal ‘turning point for Europe’ in wake of US tariffs

BlackRock rejigs global emerging markets team with new London and Hong Kong units

Moelis adds tech banker Oussadon to bolster European dealmaking team

https://images.fnlondon.com/im-90398028?size=1.5

The boutique has been building out its technology banking team

Deutsche Bank hires top Barclays banker Swerling as global head of ECM

https://images.fnlondon.com/im-98281742?size=1.5

The German lender has hired Barclays’ co-head of equity capital markets to lead its team globally

Trading Places: Barclays hires new M&A boss, Julius Baer restructures again

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Once an heir apparent for Larry Fink, Wiedman now tops the list of potential successors to PNC chief Bill Demchak.

PNC Names Former BlackRock Star Mark Wiedman as President

The European Union has a plan to counteract the swathe of tariffs U.S. President Trump is planning to impose on foreign goods, European Commission President Ursula von der Leyen said.

EU Has Plan to Retaliate on U.S. Tariffs, Von der Leyen Says

The Japanese investment firm is entwining its fortunes with a company that expects to lose billions of dollars for years to come, in the hope that it will emerge as the leader in AI.

How Is SoftBank Funding Its Mega Investment in OpenAI? A Lot of Debt

The BlackRock CEO says he wants individuals to have better access to the menu of private and illiquid investments that have long been core holdings of pensions, endowments and other institutions.

Larry Fink Says Regular Americans Need Private Assets Too

The prospect of a radical escalation in the global trade war in the coming days has nearly doubled the probability of a recession in the U.S. economy in the next 12 months to around 35%, according to Goldman Sachs.

Goldman Sachs Lifts U.S. Recession Probability to 35%

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