Brussels set to disregard ECB warnings over stablecoin rules

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Brussels is poised to announce new rules for the fast-growing stablecoin market, shrugging off warnings from the European Central Bank that the standards could destabilise the region’s banks during periods of market volatility. The European … Read more

Babcock shares top FTSE 100 as UK defence contractor raises profit targets

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Babcock International raised its profit targets and dividend on Wednesday, sending shares in the UK’s second-largest defence contractor up more than 12 per cent and cementing its position as the best performer on the FTSE … Read more

Whale-watching the stablecoin trade in ersatz roubles for sort-of dollars

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Over on mainFT there’s a story about a new rouble-backed stablecoin, called A7A5, and a new exchange that uses it, called Grinex: A new cryptocurrency token designed to allow cross-border payments in spite of western … Read more

Deal hunger stirs among US banks at prospect of looser regulation

US banking mergers will accelerate over the next year, executives predict, driven by a more favourable approach from regulators, intensifying competition and the need to spend more on technology. Anticipation about a surge in deals between American banks has been growing since Donald Trump won last year’s presidential election promising to cut regulation and unburden … Read more

Business school teaching case study: what’s in a label?

Stay informed with free updates Simply sign up to the Sustainability myFT Digest — delivered directly to your inbox. Christopher Marquis is Sinyi professor of Chinese management at Cambridge Judge Business School. When Dr Bronner’s recently announced it would not renew its B Corp certification, it sent ripples through the responsible business community. The decision … Read more

Wealth managers gear up to put UK savings into private assets

Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. The UK’s largest wealth managers are preparing to sell private markets products to their retail customers, as investment groups battle to maintain their relevance with savers and the importance of public markets dwindles. Wealth managers … Read more