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One scoop to start: Brandon Lutnick, son of US commerce secretary Howard Lutnick, is nearing a roughly $4bn deal with an early bitcoin supporter to buy billions of dollars in the digital tokens using a vehicle backed by Cantor Fitzgerald. And another thing: Securities and Exchange Commission head Paul Atkins has pushed out the chief … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rachel Reeves says British banks and insurers are choking under unnecessary regulations. This is not quite true. Even if it were, some of the first rules she has picked to unwind barely cause a hiccup. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Staff at the UK financial watchdog are threatening industrial action if they are told to be in the office more than the current rule of at least 40 per cent of their working days each … Read more
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The head of the Securities and Exchange Commission, Paul Atkins, has pushed out the chief US audit regulator, who came under fire for imposing tougher sanctions on big accounting firms during her tenure. Erica … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of England has been handed responsibility for overhauling the UK’s retail payments infrastructure to replace the “faster payments system” that was groundbreaking when it was launched in 2008 but is now seen as … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist hedge fund Elliott Management has built a sizeable stake in Global Payments as the payment processing group looks to win back investors after its $24.2bn acquisition of Worldpay caused shares to plunge to a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brandon Lutnick, son of US commerce secretary Howard Lutnick, is nearing a roughly $4bn deal with an early bitcoin supporter to buy billions of dollars in the digital tokens using a vehicle backed by Cantor … Read more
Stay informed with free updates Simply sign up to the US equities myFT Digest — delivered directly to your inbox. Investors have been piling into tech stocks at the fastest rate in 16 years, fuelling Wall Street’s rapid rebound from the rout triggered by Donald Trump’s “liberation day” tariffs in April, a closely watched survey … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. BlackRock’s client inflows fell to their lowest level in more than a year during the second quarter as one of the company’s big clients pulled tens of billions of dollars from the world’s largest asset … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Europe’s new anti-money laundering watchdog has warned that crypto assets are its biggest challenge to stop dirty money infiltrating the region’s financial system. Bruna Szego, chair of the EU Anti-Money Laundering Authority, told the Financial … Read more