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Unsecured bondholders to take control of Advent-backed Towergate

Private equity firm Advent, which invested £200m in Towergate in 2011, has wrote down the value of its stake in the embattled UK insurance broker to zero, as part of a debt restructuring.

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

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