One scoop to start: Matthew Freud is looking at options to sell his eponymous PR consultancy after 40 years as one of London’s top spin-doctors and corporate fixers. And another scoop: Ken Griffin’s hedge fund Citadel has been outshone by smaller rivals so far this year, as the firm was stung by the market volatility … Read more
Stay informed with free updates Simply sign up to the Financial services myFT Digest — delivered directly to your inbox. Palmer Luckey, the billionaire co-founder of military tech group Anduril, is preparing to launch a US bank intended to fill the gap left by Silicon Valley Bank serving start-ups, including cryptocurrency businesses. To be named … Read more
Stay informed with free updates Simply sign up to the US banks myFT Digest — delivered directly to your inbox. Investors reaped the rewards of looser bank supervision as Wall Street’s biggest banks announced a flood of shareholder payouts on Tuesday after passing regulatory “stress tests” that imposed easier conditions than in years past. JPMorgan, … Read more
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Germany has increased checks on tankers in the Baltic Sea as it seeks to deter Russia’s shadow fleet of ageing vessels from circumventing western oil sanctions. German maritime authorities said on Tuesday they had … Read more
Stay informed with free updates Simply sign up to the Hedge funds myFT Digest — delivered directly to your inbox. Ken Griffin’s hedge fund Citadel has been outshone by smaller rivals so far this year, as the firm was stung by the market volatility unleashed by Donald Trump’s trade war. Citadel’s flagship Wellington fund gained … Read more
Stay informed with free updates Simply sign up to the Global Economy myFT Digest — delivered directly to your inbox. Invest long, borrow short and leverage up as much as possible. That is the way to make money in finance. It is how banks have always made their living. But we also know very well … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. What could be more relatable than a holiday spending blunder? Last December, US department store chain Saks acquired rival Neiman Marcus for $2.7bn. To help fund the deal, it issued $2.2bn in bonds. And already, … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Investors bought up long-term UK government debt on Tuesday after Bank of England governor Andrew Bailey hinted that the BoE was considering slowing the pace at which it is selling its holdings of gilts. UK … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. German medical technology company Brainlab has postponed its planned stock market listing just two days before its scheduled debut, marking the latest setback for Europe’s struggling IPO market. Bookrunners had already signalled on Monday that … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. If water always finds a way, as the saying goes, then the same is true for financial ingenuity. A UK fund launched this week aims to generate returns for its pension fund backers from restoring … Read more