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Summer in the City: How London coped with the heatwave

Financial News shares the best snaps from an unprecedented hot spell for the City

Europe

United Kingdom

Wells Fargo backs FN’s 100 Most Influential Women in Finance

Tax bank profits to raise £8bn per year, says think tank

Brevan Howard hires ex-BlueCrest portfolio manager Terence Hsu

https://images.fnlondon.com/im-44345395?size=1.52

Hsu, most recently a vice president at Two Sigma, is set to start his new role in December

Deutsche Numis chief financial officer Holloway departs

https://images.fnlondon.com/im-82713902?size=1.5

The executive who was key to the integration with Deutsche Bank is leaving the firm

Ex-Millennium money manager Amit Sohal joins North Rock

https://images.fnlondon.com/im-88066760?size=1.5

Sohal has moved to the rival hedge fund as a portfolio manager

Junior bankers at Robert W. Baird say such long hours weren’t unusual for industrials team.

110-Hour Workweeks Drove Young Bankers at a Boutique Firm to the Brink

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

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