MONEY (MSM)

Hedge fund mogul Paulson gives Harvard record $400 million donation

Harvard University, which has educated many of the world’s wealthiest investors, is now getting its biggest single gift from one them: a $400 million donation from Wall Street hedge fund mogul John Paulson. The donation is the third record-sized gift Harvard has received from alumni since last year, and comes two years into the Ivy League school’s five-year campaign to raise $6.5 billion in donations.

Too big to succeed? Investors want "radical surgery" at HSBC

No longer feared as “too big to fail”, shareholders are weighing whether HSBC is now “too big to succeed”, and want to know next week how the bank’s bosses propose to increase profitability at a sprawling group beset by huge costs. Investors believe CEO Stuart Gulliver and Chairman Douglas Flint need to announce bold moves to restore the London-based bank’s flagging fortunes at a strategy day on June 9. “This