Simon Clark

Jes Staley is gone from Barclays, but his successor will carry on his signature strategy of betting big on the U.K.’s last major presence on Wall Street.

The biggest U.S. and European banks oppose strict new rules that would require them to set aside a dollar in capital for every dollar of bitcoin they own, a group of trade associations said.

The online money-transfer service kicked off plans to list on the London Stock Exchange, taking advantage of surging investor interest in financial technology companies.

The new unit will offer services via a mobile app, a move the bank said would be its first entry into the British retail-banking market.

Revolut Ltd., one of the fastest-growing upstarts in the hot U.K. digital banking and payments market, was valued at $5.5 billion after it raised $500 million in new funding.

U.S. prosecutors accused Abraaj Group founder Arif Naqvi of misappropriating more than $250 million in a widening investigation into the world’s biggest failed private-equity firm.

Bono and TPG are teaming up to try to prove that investments meant to benefit society at large do what they purport to do.

Western investors piled into the Dubai-based Abraaj Group, whose founder, Arif Naqvi, pledged to make money by helping the poor in developing countries. Now it’s the world’s largest insolvent private-equity firm.

KKR has disbanded its Africa deal team after making just one investment on the continent because it couldn’t find enough big companies to buy.

StepStone Group LP, an asset manager that invests in private equity and real estate, agreed to buy Swiss Capital Alternative Investments AG for an undisclosed amount to add $5 billion of assets and expertise in loans and hedge funds.

The billionaire Danish family that owns Lego is considering teaming up with other wealthy families to buy companies, seeking new ways to invest profits generated by the lucrative toy maker.

Sovereign-wealth funds proliferated with oil’s rise. Now some are troubled, but the opacity of many such funds makes them a black box in global markets.

Pilot Flying J chief executive officer James Haslam and his family have acquired all of private-equity firm CVC Capital Partners Ltd.’s shares in the largest operator of truck stops in the U.S.

Blackstone Group is talking to its biggest investors to create a “coalition of the willing” that can buy control of large companies outside of its funds.

U.K. bans a BlackRock money manager from finance after he dodged train fares.

The U.K. private-equity pioneer, who earned billions of dollars for TPG Capital and the disdain of German politicians over a takeover, is quitting for a second career.