UK watchdog to cut financial sector rules after calls from business

Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. More than 100 pages of regulations covering consumer finance, investments and mortgage lending will be “retired” by the UK financial watchdog in response to calls from businesses and the government to streamline its rules. … Read more

Wealthy Americans seek refuge from Donald Trump in Swiss banks

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Wealthy Americans both in the US and abroad are drawing up contingency plans to move assets to Switzerland amid uncertainty caused by the Trump administration. Private bankers, multi-family offices and asset management groups said they … Read more

GraniteShares’ European leveraged ETPs hit regulatory roadblock

Stay informed with free updates Simply sign up to the Exchange traded funds myFT Digest — delivered directly to your inbox. GraniteShares, a $10.6bn manager of high-risk leveraged and inverse exchange traded products, has been suspended from selling new units in its European range. The base prospectus for the company’s 65 European ETPs expired on … Read more

SAP leapfrogs Novo Nordisk to become Europe’s most valuable company

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Software giant SAP has overtaken Novo Nordisk to become Europe’s most valuable company, in the latest milestone for Germany’s surging stock market. SAP shares rose 1.3 per cent in early trading on Monday, lifting its … Read more