Move by $48bn asset manager follows strong growth and doubts on Hong Kong’s future

Internet and mobile banking frauds have risen steeply under lockdown

Sumitomo Mitsui Trust’s admission raises doubts over credibility of AGM proceedings

Asset manager’s $4.4tn long-term mutual funds range bled $41bn in year to end of August, Morningstar data show

Internet trading propels valuations to levels on par with big international banks

Move marks the highest-profile partner so far to cut ties with €22bn investment firm

More creditors agree to ‘portability’, meaning they will not have to be paid back if company is acquired

Strategy that proved its worth in 2008 has lost some of it in 2020

Australian lender to pay $920m to settle case linked to alleged child exploitation

Payment and deferred prosecution agreement would resolve investigation by multiple US agencies

Listing via merger with blank-cheque company values home loan lender at $16bn

Decision comes days before investors have to decide whether to back board or group’s founder

Lack of diversity among investment managers contributes to groupthink

The industry’s rush to dividend recapitalisations has wider implications

Dealmakers have adjusted to working from home but many say it is no substitute for face-to-face meetings