Stay informed with free updates Simply sign up to the Pensions myFT Digest — delivered directly to your inbox. Only 5 per cent of an estimated £160bn of excess assets held in defined benefit pension schemes will be extracted despite a change in rules to make releasing surpluses easier, the government has predicted. The Department … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The writer is a bond portfolio manager at Barksdale Investment Management and editor of ‘The Credit Investor’s Handbook’ The junk bond market has roared back to life, making May the busiest high-yield bond issuance month … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A corner of the UK market is enjoying its best year in at least two decades, yet investors are in no rush to price in further good news. A strategic review of the country’s defence … Read more
Another week, another blow to London’s capital markets. This time it was the turn of Wise, one of the UK’s brightest tech stars, which announced it would switch its main listing to New York. The move by the £11bn fintech has put the City on fresh alert about the shrinking pool of listed companies and … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The EU is weighing whether to add Russia to its “grey list” of countries with lax money laundering controls, as lawmakers in Brussels aim to increase financial pressure on Moscow. European Commission officials said they … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Elon Musk’s artificial intelligence company xAI was closing in on a $5bn debt financing package to fund new data centres and chips to power its business. Then on Thursday the world’s wealthiest man torpedoed his … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Gemini, the cryptocurrency exchange run by the Winklevoss twins, has filed to list in the US, aiming to capitalise on soaring investor demand for some of the digital asset industry’s biggest names. The company said … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Crypto has got its claws into the White House and is swiftly growing into a global financial stability risk. Up to now, what happened in crypto stayed in crypto. If you buy a token of … Read more
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The Federal Reserve’s new financial supervision chief has promised a significant overhaul of US banking rules, vowing to address industry concerns that regulations imposed after the 2008 financial crisis are too onerous. Michelle Bowman, who … Read more