Rather than using a bank, billionaires could consider buying one – there are several available in Switzerland

Hopes that the US economy will achieve a soft landing may be fleeting, but they have cheered up the billionaires who created a 15-year boom in private credit, whose value has risen sevenfold to $1.4 trillion

Quantum computing company Quantinuum recently raised $300 million from investors led by JP Morgan Chase, who are hopeful it can deliver quantum supremacy, plus a gangbuster IPO

Family offices are important suppliers of liquidity to the market, and the $1.7 trillion private credit market has become a big beneficiary