Iain Withers

One of Japan's largest property developers has struck a deal with Legal & General to build more than 1,000 homes in Britain's rental housing market, where demand for properties far exceeds supply.

BlackRock is betting on an expanded range of retail-focused products, including more exchange-traded funds, to attract a new generation of Europeans into investing, an executive said, as it tries to outcompete local rivals slowly gaining ground.

British fund manager abrdn said on Friday it would appoint Siobhan Boylan, an executive at NatWest's private bank Coutts, to become its next finance chief.

Bosses from global financial firms pressed Britain's finance minister Rachel Reeves on Wednesday to improve tax incentives for UK consumers to invest and to boost UK competitiveness, four sources briefed on the discussions told Reuters.

BlackRock is gearing up to launch a bitcoin exchange-traded product in Europe within weeks, a source familiar with the matter told Reuters, amid growing demand for exposure to cryptocurrencies from both money managers and consumers.

Sales of office buildings in Europe last year slumped to their lowest level since the aftermath of the global financial crisis in 2009, even as the region's broader commercial property market showed signs of recovery, data showed on Thursday.

The roll-out of looser mortgage rules across several European countries has raised the risk of loan defaults and is a negative for lenders' credit profile over the long term, credit ratings agency Moody's said on Tuesday.

JPMorgan is in talks to take overflow office space in Credit Suisse's empty former offices in Canary Wharf, a source familiar with the matter told Reuters, having outgrown its own European headquarters nearby.

The Bank of England said on Friday it would delay tougher bank capital rules by a year to January 2027 to get clarity on what the United States will do under Donald Trump as president, prompting the European Union to say it would also weigh its options.

U.S. stocks look set to extend their outperformance this year driven by the financial firepower of big tech firms and investor friendly policies under a second Donald Trump presidency, the CEO of State Street's asset management arm said on Wednesday.