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      • Revolut seeks valuation of more than $40bn in employee share sale
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      • Revolut seeks valuation of more than $40bn in employee share sale
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    Financials

    • Friday, 21 June, 2024
      Exchange traded funds
      Invesco bucks trend with launch of first European ChiNext 50 ETF

      Listing comes as closures of China-focused ETFs have risen to record level

      A bell inside the Euronext NV stock exchange in Paris
    • Friday, 21 June, 2024
      Elliott Management Corp
      Elliott and Carlyle square off in $4bn debt dispute over software company

      Clash over tech group Veritas portends future stand-offs between private equity and distressed debt investors

      Paul Singer
    • Friday, 21 June, 2024
      Insurance
      Bermuda cracks down on connected-party investments after 777 saga

      Watchdog probes conflicts and ‘undue influence’ in insurers’ interests in associated assets

      Boats moored in the clear turquoise waters of Flatt’s Inlet, Hamilton Parish, Bermuda,
    • Friday, 21 June, 2024
      Banks
      Falling euro mortgage rates attract British second home buyers

      Cheaper loans in France and Spain follow cut in ECB rate

      Birds’ eys view of Briancon in the French Alps
    • Friday, 21 June, 2024
      St James's Place PLC
      St James’s Place under scrutiny: what do its customers say?

      Mixed responses from FT readers about the UK’s biggest wealth manager

    • Friday, 21 June, 2024
      Commercial property
      Rating agencies give high marks to bonds financing defaulted properties

      Securities backing single commercial buildings are popular with investors but several have failed to live up to top ratings

      1407 Broadway in New York
    • Friday, 21 June, 2024
      News in-depthJapanese business & finance
      Threat of deposit exodus haunts Japan’s regional banks

      Competition from online lenders intensifies while higher interest rates fuel concerns about sector’s financial health

      The Bank of Japan headquarters in Tokyo
    • Friday, 21 June, 2024
      Special ReportAsia-Pacific Climate Leaders
      ADB pursues private finance to meet climate goals

      The ‘climate bank for Asia-Pacific’ acknowledges need for a significant uplift in funding of green projects

      A high-level diplomatic meeting unfolds in a room decorated with an elaborate mural of a mountainous landscape. Officials from both sides sit at a polished wooden table, separated by an arrangement of pink flowers, while some attendees wear facemasks
    • Thursday, 20 June, 2024
      Citigroup Inc
      US regulators rebuff Citigroup’s ‘living will’ resolution plan

      FDIC concludes hypothetical strategy in event of bank’s failure is deficient on data controls

      Citi chief Jane Fraser
    • Thursday, 20 June, 2024
      Revolut Ltd
      Revolut seeks valuation of more than $40bn in employee share sale

      SoftBank-backed fintech is confident its value has increased over 20% since 2021 fundraising

      Nikolay Storonsky, chief executive officer of Revolut
    • Thursday, 20 June, 2024
      KPMG UK
      KPMG to cut further 200 UK jobs amid market slowdown

      Big Four firm has carried out review of cost base and is also facing a drop in number of staff leaving

      KPMG building sign
    • Thursday, 20 June, 2024
      NatWest Group
      NatWest to buy most of Sainsbury’s Bank

      Deal by state-backed lender’s new chief is latest sign of supermarket sector’s retreat from financial services

      People walk past a Natwest Bank branch in central London
    • Thursday, 20 June, 2024
      3i Group PLC
      3i set for €1bn windfall as debt-backed payouts soar

      ‘Dividend recapitalisations’ hit record rate as private equity owners take advantage of easy credit conditions

      The 3i logo
    • Thursday, 20 June, 2024
      Exchange traded funds
      Taiwan’s central bank warns about systemic risks of rapid ETF growth

      Institution says the funds have been pushing up valuations in local stock market

      A man looks at an electronic stock board at the Taipei Exchange in Taiwan
    • Thursday, 20 June, 2024
      Private credit
      Carlyle and KKR vie for Discover’s $10bn portfolio of US student loans

      Deal would feed growing appetite for credit as bidders expand beyond their private equity roots

      US college graduation
    • Thursday, 20 June, 2024
      Deutsche Bank AG
      Deutsche’s private bank cuts spending on external consultants by 70%

      German lender needs to rely on its own expertise, says division’s new boss Claudio de Sanctis

      A man stands in front of a Deutsche Bank branch in Spain
    • Thursday, 20 June, 2024
      Markets InsightJeff Meli
      The ‘equitification’ of credit

      Public and private markets are seeing big changes that provide new options for investors

      Pedestrians pass in front of the New York Stock Exchange during Uber’s initial public offering on Friday, May 10, 2019
    • Wednesday, 19 June, 2024
      News in-depthIPOs
      Permira’s last-minute decision to kill the Golden Goose IPO

      Buyout group’s pullout followed fractious talks with advisers

      Golden Goose trainers
    • Wednesday, 19 June, 2024
      Bank bonuses
      JPMorgan follows Goldman in lifting UK bonus cap

      Employees of Wall Street bank’s British operations will now be able to earn up to 10-times base salary

      A man walks into the JP Morgan headquarters at Canary Wharf in London
    • Wednesday, 19 June, 2024
      LexProperty sector
      Be wary of Berkeley’s shift from housebuilder to landlord Premium content

      Managing tenants is very different to building and selling a house, it could find

      The doorway to a new home wrapped in ribbon at a Berkeley residential construction site in Cranleigh, UK
    • Wednesday, 19 June, 2024
      Starling Bank Ltd
      Starling steps up legal action against debtors amid defaults and FCA probe

      About 90% of fintech’s outstanding SME loans are guaranteed by UK government

      A Starling Bank advers
    • Wednesday, 19 June, 2024
      Israel-Hamas war
      Armed gangs stage bank heists in Gaza

      Lenders robbed at gunpoint lose $120mn as Palestinians queue for days to rescue their own cash

      Montage showing an armoured vehicle, Palestine flag, new shekels money and a Bank of Palestine letterhead
    • Wednesday, 19 June, 2024
      NatWest Group
      NatWest to close Polish operations

      Majority of staff in the country are employed in the UK bank’s financial crime unit

      The bank’s logo and name are seen on top of a roof
    • Wednesday, 19 June, 2024
      Moral Money
      What does the family office explosion mean for the world?

      As the ranks of the super-wealthy swell, the way they deploy their money is changing

      Mark Zuckerberg speaking
    • Wednesday, 19 June, 2024
      Berkeley Group Holdings PLC
      London housebuilder Berkeley to become a landlord as sales languish

      UK group sets out plan to build and rent out 4,000 homes over the next decade

      Berkeley signage
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