Britain’s post-Trussmatic stress

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The official Perkins Verdict on whether the US has acquired a post-Liberation Day “moron risk premium” — no — came in more than a month ago, but that hasn’t stopped people pointing at Britain in … Read more

Bank of London probed by PRA as EY flags uncertainty over future

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Bank of London is under scrutiny on two fronts from regulators as its auditor warned that there were “material uncertainties” over whether the ailing fintech could continue trading. Regulators at the Bank of England’s … Read more

Michael Saylor’s $40bn bitcoin bet

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Crypto evangelist Michael Saylor has transformed Strategy from a loss-making software company into the world’s largest corporate holder of bitcoin. The FT unpacks what some investors have dubbed Saylor’s ‘infinite money glitch’, and questions whether … Read more

There won’t be another Buffett because no one will have his advantages

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. “I shall not look upon his like again,” declares Hamlet, ruminating over the loss of his father at the beginning of the play. Since Warren Buffett announced his retirement from Berkshire Hathaway this month, financial … Read more

Julius Baer ordered to pay $5mn over ‘serious violation’ of regulations

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Julius Baer has been ordered to pay more than SFr4mn by Switzerland’s financial regulator over anti-money laundering and compliance failings in its handling of high-risk clients. The enforcement decision, contained in a document dated November … Read more