LetterOne sets aside $300mn as sanctions on founders block dividend payments
Russian oligarchs Mikhail Fridman and Petr Aven are ineligible for payouts from the investment firm
Russian oligarchs Mikhail Fridman and Petr Aven are ineligible for payouts from the investment firm

Penalty imposed by OFSI after payment made to person subject to sanctions

UK imposes £390,000 penalty on European operation for payments to video streaming service Okko

Plus, bumper earnings for Wall Street banks and how a chipmaker got seized by the Dutch government

Sam Altman tapped a handful of in-house dealmakers over external advisers and lawyers to design a huge web of infrastructure…

Investors question if some institutions rubber-stamp deals that could benefit other businesses

Flood of money into evergreen vehicles has meant 7.5% share carved out in fund terms no longer sufficient