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Trump Pledges Safe Mideast Oil Transit as Iran War Rages On

President Donald Trump said the US will ensure safe passage of oil from the Middle East to head off a potential energy crisis caused by the war with Iran, which continues to reverberate across the region and roil markets.

By Jennifer A. Dlouhy, Christine Burke and Dan Williams

Barclays Owed About £500 Million by Collapsed UK Lender MFS

Barclays Plc is owed about £500 million ($669 million) by companies associated with Market Financial Solutions Ltd., one of the biggest exposures to the collapsed UK mortgage lender, a person familiar with the matter said.

Billionaire Chico Pardo Readies Next Act After Citigroup Deal

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Trump’s About-Face in Law Firm Fights Casts Pall Over ABA Suit

Justice Department lawyers are heading to court today to defend President Donald Trump’s attacks on law firms after the administration backtracked on a move to drop out of those fights.

Blackstone Staff Opened Wallets With BCRED Under Pressure

Executives at Blackstone Inc. had a decision to make.

Trump’s Hormuz Assurances Only a Partial Fix, Shippers Say

President Donald Trump says the US will ensure the free flow of energy through the Persian Gulf with insurance guarantees and even naval escorts. But the shipping industry sees it — at best — as only a partial solution to a historic crisis.

Sumitomo Mitsui Trust to Ally With US Firm Raymond James

Sumitomo Mitsui Trust Group Inc.said it’s agreed to collaborate with Raymond James Financial Inc. of the US, in the latest move by a Japanese financial firm to seek more growth abroad.

MFS Was ‘Jellyfish’ That Stung Santander, Ana Botin Suggests

Banco Santander SA Executive Chair Ana Botinlikened hits from bad loans to jellyfish stings and suggested the lender’s exposure to failed UK mortgage-finance company Market Financial Solutions Ltd. falls into that category.

Hogan Lovells’ NY Earnings Will Rival DC, London With Cadwalader

Hogan Lovells’ upcoming merger with Cadwalader will nearly double its New York-based revenue, putting that office nearly on par with its highest-grossing centers.

Private Market Titans Warn of Pain as Credit Cracks Widen

Amid the worst start to the year for their stocks in more than a decade, leaders of Wall Street’s biggest private markets firms had a surprising message: investors have reason to be concerned.