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Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. In July 2007, the FT interviewed Citigroup’s then-CEO Chuck Prince in Tokyo, and asked him about the buyout boom. The answer was a banger, given the debacle that would soon unfold: When the music … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. EY breached independence rules for its audits of Shell in the US and in the UK, the energy major has revealed, putting the Big Four firm in regulators’ crosshairs again. Shell said on Wednesday that … Read more
This article is an on-site version of our Unhedged newsletter. Premium subscribers can sign up here to get the newsletter delivered every weekday. Standard subscribers can upgrade to Premium here, or explore all FT newsletters The US Senate passed President Donald Trump’s budget yesterday by the smallest possible margin. Now it’s back to the House … Read more
When Iran attacked a US airbase in Qatar – a response to strikes on its nuclear facilities – many feared a global war may be imminent. But there was one market that didn’t break a sweat: oil. It’s typically a commodity that surges at the first sight of conflict in the Middle East. This time … Read more
The UK government passed its welfare reform bill after making concessions, and Hong Kong’s stocks are beating out mainland China’s. Plus, Eurozone inflation rises to 2 per cent, and Europe turns to France to process rare earths. Mentioned in this podcast: Starmer guts UK welfare reforms to avoid Commons defeat Hong Kong’s bull market leaves … Read more
Stay informed with free updates Simply sign up to the Cyber Security myFT Digest — delivered directly to your inbox. US authorities are turning the screws on a sprawling criminal network accused of using stolen cryptocurrencies to fund North Korea’s nuclear weapons programme. A group under sanctions linked to North Korea allegedly stole about $620mn … Read more
New inheritance tax rules have created “serious challenges” for thousands of retirement savers holding illiquid assets in their pensions, such as commercial property, advisers warn. Because of the size of their funds, wealthier pension savers have typically been able to access a wider choice of investment options than the traditional “vanilla” stocks and shares portfolio. … Read more
An ‘Amazon of guns’? Welcome to the ‘parallel economy’
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Deutsche Bank has laid out a steeper than expected capital hit from new rules on how banks calculate risk, as European lenders begin to reveal the impact of Basel IV reforms. Under the new rules, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Individuals should be able to invest in private assets within Isas, according to the chief executive of the Investment Association, even as some of the UK’s largest wealth managers express concerns over their suitability for … Read more