Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Metro Bank’s former chief executive accused the financial regulator of being “too busy” to properly supervise what was the UK’s seventh-biggest lender in the lead-up to its £900mn accounting error. Craig Donaldson, the lender’s ex-CEO, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK financial regulator has told the country’s highest court that a landmark ruling by the Court of Appeal “goes too far” in determining that car dealerships had a fiduciary duty to act in the … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Unstoppable force meets no-longer-immovable object. Soaring gold prices typically bypass miners of the shiny stuff — but not this time. Shares in top duo Newmont and Barrick Gold are up by a quarter and fifth … Read more
The trading floor of InCommodities, on a commercial estate in the Danish city of Aarhus, shows off a dynamic, new side of Europe’s energy markets. Youthful traders at the company, part-owned by Goldman Sachs, keep their eyes on banks of huge screens, watching for the perfect moment to buy or sell electricity. Other staff are … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors are pouring cash into gold funds at the fastest pace since the Covid-19 pandemic, amid mounting concerns over the economic impact of US President Donald Trump’s tariff war. Gold reached a record $3,148.88 a … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The private equity backers of Spanish telecoms group MasOrange are exploring an initial public offering of the company next year, as buyout groups seek to cash out some of their assets. MasOrange, the largest mobile … Read more
new video loaded: SpaceX Launches First Crewed Flight Over Earth’s Poles transcript Back transcript SpaceX Launches First Crewed Flight Over Earth’s Poles Four private astronauts lifted off from Florida on Monday on the Fram2 mission to orbit Earth from pole to pole. “3, 2, 1, ignition — and liftoff.” “T-plus 35 seconds into the Fram2 … Read more
Last month the National Association of College and University Business Officers reported that the average American endowment returned 11.2 per cent last year. Huzzah! Trebles all round. Unfortunately, this is slightly worse than what a passive global 70/30 equity/bond portfolio returned in 2024. OK, well maybe it was a weird year. Endowments and their racier … Read more
Stay informed with free updates Simply sign up to the Pensions industry myFT Digest — delivered directly to your inbox. The UK’s £32bn pensions lifeboat has said it will invest 10 per cent of its assets in British infrastructure and scale-up companies if the government expands its remit to allow it to hoover up smaller … Read more
Stay informed with free updates Simply sign up to the US financial regulation myFT Digest — delivered directly to your inbox. The writer is the president and chief executive of the Investment Company Institute The challenge ahead for Donald Trump’s nominee for chair of the Securities and Exchange Commission is to show how the securities … Read more