Asset Management

Nuveen’s $13.5 billion swoop for Schroders: the £9.9bn cash deal reshaping asset management
···

Nuveen’s $13.5 billion swoop for Schroders: the £9.9bn cash deal reshaping asset management

Nuveen will acquire Schroders for £9.9 billion ($13.5 billion), offering shareholders up to 612 pence per share—a 34% premium to Schroders’ last close. The deal would create a group managing nearly $2.5 trillion in assets. Schroders CEO Richard Oldfield will remain, reporting to Nuveen CEO William Huffman. The transaction requires shareholder and regulatory approval.
February 12, 2026

Stock Market Today

  • US Debt Surges as Wealth Gap Widens Between Generations
    May 27, 2026, 11:16 PM EDT. A Harvard survey reveals 42% of Americans under 30 are 'barely getting by' financially, underscoring a growing wealth divide between the young and the old. While older voters favor Trump's allies and benefit from policies boosting stock market gains, housing equity, and social security, the younger generation faces dwindling financial prospects. Despite Trump's campaign promises to curtail spending and reduce national debt, the Pentagon budget is set to hit $1.5 trillion, with US government debt soaring to $39 trillion. This increasing debt burden threatens future generations, emphasizing a divide where federal spending benefits older demographics at the expense of younger households.