Staley referred to Epstein as ‘uncle Jeffrey’ in email to daughter, court hears

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Jes Staley sent an email to his daughter referring to convicted paedophile Jeffrey Epstein as “uncle Jeffrey”, a court heard on Wednesday, as the ex-Barclays boss attempts to challenge regulators’ allegations that he played down … Read more

UK watchdogs scrap diversity and inclusion rules for financial firms

Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s top two financial regulators have axed plans to impose stricter rules for diversity and inclusion, in the latest sign that government pressure on watchdogs to support economic growth is forcing a rethink of … Read more

Nissan pushes CEO out

The S&P 500 dipped into correction territory on Tuesday and Nissan has pushed out chief executive Makoto Uchida in the wake of the collapse of merger talks with Honda. Plus, banks are trying to catch up to one of the hottest trends in consumer finance: interest-free buy now, pay later loans. Mentioned in this podcast: … Read more

Certainty is now a scarcity in markets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is chief executive and chief investment officer of Richard Bernstein Advisors Every introductory economics student knows that prices go up when demand outstrips supply. Accordingly, investing in scarcities has typically been a good … Read more