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
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Few subjects bring out the cranks like overnight trading. Theories as to why US stocks tend to rip when regular markets are closed, then drift when they’re open, range from narrowly conspiratorial to grandly conspiratorial. … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A global climate alliance of top banks is at risk of losing key European members after lenders refused to commit to remaining in the group, further weakening its position after an exodus of Wall Street … Read more
Stay informed with free updates Simply sign up to the Cryptocurrencies myFT Digest — delivered directly to your inbox. Standard Chartered has begun allowing institutional clients to directly trade bitcoin and ether, becoming the first major bank to enable spot cryptocurrency transactions. The London-based lender said it had launched bitcoin/dollar and ether/dollar trading from Tuesday … Read more