financial times
- Finance
FCA moves to ease bankers’ home visit fears after lawyers slam ‘drastic’ threat
The Financial Conduct Authority has confirmed that inspections of City workers’ home offices will be a rare occurrence, after Financial…
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Treasury pushes for risk disclosure, tighter credit checks in buy now, pay later market
The Treasury has laid a path for tighter regulation of the buy now pay later sector, as it recommends that lenders should…
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Bitcoin miners are trying to go green but the challenge is ditching fossil fuels
Bitcoin mining has earned a bad reputation for guzzling cheap electricity in the pursuit of profit. Now bitcoin miners are…
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Green summit attended by Fink and Dimon is chance for ‘deft thinking’ on climate goals
Some of the world’s most influential investors and business leaders are gathering in London this week for a government-led summit…
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Goldman Sachs more than doubles first-year banker bonuses to £64,500 amid junior burnout crisis
Junior banker bonuses in London have surged by 60% this year as firms have moved to stem an exodus of…
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BlackStone acquires majority stake in shapewear firm Spanx
Blackstone is buying a majority stake in Spanx, becoming the first outsider to put money into a company that revolutionised…
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Countdown to COP26: A message to business
Each of us is responsible for our planet and the time to act on that responsibility is now. From China…
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Paul Tudor Jones says inflation could be worse than feared, biggest threat to markets and society
Paul Tudor Jones Michael Nagle | Bloomberg | Getty Images Billionaire hedge fund manager Paul Tudor Jones believes that inflation is here…
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Bundesbank president Jens Weidmann to leave before term in office ends
FRANKFURT—German Bundesbank President Jens Weidmann, a prominent critic of the European Central Bank’s easy-money policies as a member of the…
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Kirkland raiding Freshfields’ stars ushers in new era for private equity team
Kirkland & Ellis’s hire of two rising stars from Freshfields last week marks a changing of the guard in the…
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Credit Suisse admits it defrauded investors to settle Mozambique charges
Credit Suisse Group AG agreed to pay $475m and forgive $200m Mozambique owes to investors in coordinated settlements with US and European…
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Advertising watchdog orders buy-now-pay-later firm to remove ads ahead of Treasury crackdown
The UK advertising watchdog has told a buy-now-pay-later credit firm to pull down adverts that don’t explain to consumers that its…
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Citigroup eyes UK and Ireland growth amid ‘feeding frenzy’ deal boom
Citigroup is bolstering its roster of FTSE-100 companies and hiring dealmakers in the City after a shake-up at the top…
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The UK government roped in bigwigs from HSBC, Citi and Morgan Stanley to help solve Brexit. Will it work?
Back in April, the government announced it was forming an Investment Council to help boost investment into the UK in…
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First bitcoin futures ETF ticks up as opening-day trading continues
The first bitcoin-focused exchange-traded fund rose modestly in its debut on 19 October. The ProShares Bitcoin Strategy ETF was up 2% in…
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Apollo sets $1tn asset target as battle with Blackstone heats up
Apollo Global Management said it expects its assets under management to double to about $1tn by 2026, setting up a race…
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Nomura kicks off hiring spree for 50 junior bankers as battle for talent heats up
Nomura is kicking off a fresh hiring spree for 50 analysts and associates before the end of this year, as…
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Ex-Linklaters managing partner Gideon Moore on life after the Magic Circle
When Linklaters managing partner Gideon Moore recorded a video to the firm announcing his departure earlier this year, he ended by…
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The City is losing talent over menopause — time to end the stigma, culture of silence
A report into the impacts of menopause on the City is urging greater support of women, and an end to…
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Biden’s Paid Leave Plan at Risk as Lawmakers Look to Shrink Package
Research on California, the first state to offer paid family leave, has mostly shown that paid leave has a positive…
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Mortgage originations will drop 33% in 2022 as interest rates rise, according to industry forecast
A worker carries lumber as he builds a new home in Petaluma, California. Getty Images Rising interest rates will result…
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Homebuilder sentiment bounces back despite ongoing supply chain problems
Residential single family homes construction by KB Home are shown under construction in the community of Valley Center, California, June…
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Convicted Libor rigger Tom Hayes has appeal decision delayed again
The Criminal Cases Review Commission has again postponed the date at which it will decide whether to refer convicted Libor rigger…
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Supply chain chaos is already hitting global growth. And it’s about to get worse
Cargo trucks parked at the Port of Los Angeles in Los Angeles, California, U.S., on Wednesday, Oct. 13, 2021. Kyle…
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Biden’s Plans Raise Questions About What U.S. Can or Cannot Afford to Do
WASHINGTON — As lawmakers debate how much to spend on President Biden’s sprawling domestic agenda, they are really arguing about…
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Three trends to watch in China as the pandemic lingers and the energy crisis worsens
China was one of the first economies to bounce back from the pandemic, helped by the strength of exports, real estate and…
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Trading Places: Investec nabs Credit Suisse vet, Kirkland & Ellis hires Freshfields PE partners
In a busy week of earnings and booming revenues from the investment banks, the financial services sector also seen top moves…
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Excitement over an ETF to track bitcoin drives the crypto to $60k
Bitcoin hit $60,000 on 15 October for the first time since April, as traders anticipate US regulators will approve the first…
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Conservative MP dies after stabbing at Essex constituency meeting
An attacker fatally stabbed a British lawmaker during a meeting Friday with constituents outside London. David Amess, a member of…
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Rising Rents Are Fueling Inflation, Posing Trouble for the Fed
The recovery in the New York area as a whole has been uneven as some families have moved to the…
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With only 194,000 jobs added, September’s jobs report disappoints
The Bureau of Labor Statistics’ September jobs report, released last week, showed a decrease of 0.4 percentage points in the…
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Freshfields introduces paid leave for pregnancy loss
Freshfields Bruckhaus Deringer has introduced a paid leave policy for UK staff and their partners who have been affected by…
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Cathie Wood’s Ark to invest in bitcoin futures
Cathie Wood’s Ark Investment Management is the latest Wall Street heavyweight jostling for position to get involved in an exchange-traded…
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Here’s how Asia’s betting on Spacs to lure global investors
Spacs have lost some lustre in America, but stock exchanges in Singapore and Hong Kong are betting the vehicles will…
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Cautious optimism on the road to COP26 climate-change summit
At the beginning of the summer, I noted how the climate-change narrative had changed in recent years, thanks to tremendous technological progress…
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JPMorgan posts 30% surge in profit as M&A fee bonanza rages on
JPMorgan’s corporate and investment bank surged by 30% in the third quarter, as a bumper three months for its dealmakers…
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Goldman Sachs COO says ‘decarbonising’ the world will cost $100tn
The transition to a cleaner economy to fight climate change will need $100trn in financing, the bulk of which will…
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Local and national leaders must organize themselves better to build back better
Congressional negotiations continue over the size and contents of the reconciliation spending package and its relationship to the Infrastructure Investment…
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The Fed prepared to slow support for the economy and worried about supply chain disruption at its last meeting.
Federal Reserve officials were preparing to begin slowing down monetary policy support as soon as the middle of November, minutes…
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Fed should keep labor markets tight for a more inclusive economy
The United States Federal Reserve has a dual mandate from Congress: maintain price stability and pursue maximum employment. A new…
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Treasury weighs tapping senior execs’ networks to replace top Brexit policymaker
The government’s Treasury department has considered sourcing a replacement for its lead policymaker on Brexit from its senior executives’ own…
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FCA staff take steps to form union amid bonus cuts and ‘demoralised’ workforce
Unite launched a petition to be officially recognised as the union for Financial Conduct Authority staff, as employees at the…
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BlackRock’s Q3 profit up 23% amid soaring stock market
BlackRock’s third-quarter profit rose 23% during a volatile stretch for markets. The money management giant posted a profit of $1.68bn, or…
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Binance pulls the plug on cryptocurrency trading involving China’s yuan
The world’s largest cryptocurrency exchange said it would stop allowing trading involving the Chinese currency on its consumer-to-consumer platform, weeks…
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Martin Gilbert: Asset managers are still lagging on technology
Martin Gilbert is the co-founder and former chief executive of Aberdeen Asset Management and abrdn. He is now chairman of…
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Spac investors find stability through the chaos
Shares of special purpose acquisition companies have lost their luster for those who recently saw them as a ticket to…
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London Metal Exchange lures nine mining giants to ESG disclosure pledge
The London Metal Exchange launched a register of mining companies that have agreed to make disclosures around key sustainability issues,…
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World’s Growth Cools and the Rich-Poor Divide Widens
As the world economy struggles to find its footing, the resurgence of the coronavirus and supply chain chokeholds threaten to…
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Video: I.M.F. Lowers Economic Growth Forecast for 2021
new video loaded: I.M.F. Lowers Economic Growth Forecast for 2021 transcript Back transcript I.M.F. Lowers Economic Growth Forecast for 2021…
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Risk of high inflation dogs central bankers as consumer expectations climb.
A key measure of inflation expectations released on Tuesday showed continued acceleration, a survey that came as Richard H. Clarida,…
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