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Here, FT journalists explain the potential of these new developments in the retail and institutional financial services industry Supported by Infosys
...Investors have been struggling to quantify potential losses since the group, which co-owned Selfridges in London and the Chrysler Building in New York, unravelled late last year....
...Such groups might have the benefit of a trailing wind from policymakers: Labour aims to double the size of the UK’s co-operative and mutual financial services sector, according to its financial services...
...The top US consumer finance watchdog has raised doubts about megamergers in the credit card industry, just as Capital One attempts to close its $35.3bn takeover of card issuer Discover Financial Services...
...Its assets include stakes in New York’s Chrysler building, London’s Selfridges and KaDeWe, Germany’s famous department store....
...Munich prosecutors told the Financial Times last week that their investigation was ongoing, and declined to comment further....
...Griggs said that having tax under one umbrella reflected how clients bought services from PwC....
...This is a critical challenge in financial services....
...He points to the use of co-pilot systems to help reduce mundane tasks in financial services as in other areas....
...Sony will list its financial services arm in 2025, providing a boost for investors even as the Japanese group cut its forecast for full=year sales of its PS5 gaming console....
...Private equity group Carlyle and Abu Dhabi investment group IMI have agreed a fresh debt funding package for the Barclay family’s Very Group, the Liverpool-based retail and financial services group....
...to German security services....
...It is just one of several regulations that financial services businesses with cross-Channel operations have been trying to navigate after Brexit....
...The Post Office, which remained under public ownership when Royal Mail was privatised, made just £500mn of revenues from financial services last year....
...Spending on digital services is particularly buoyant in financial services, experts say, due in part to rising interest rates boosting margins for banks — creating surplus cash for them to spend on IT....
...The Wall Street Journal reported earlier this year that, in 2022, six financial institutions moved half a trillion dollars from AFS to HTM....
...With the indebtedness of governments, businesses and households at a peacetime record, renewed evidence of financial strains may yet emerge....
...The UK’s top financial regulator has banned a former compliance executive at collapsed London Capital & Finance from working in financial services, in the first such ban handed out over the 2019 minibonds...
...Speaking to the Financial Times that year, Rosen called the Chrysler Building “an American icon”, saying: “It has lost a little bit of its relevance. But it has not lost its beauty or importance.”...
...Barclays has agreed to buy the bulk of Tesco’s banking business in a £600mn deal, as UK supermarket chains accelerate their retreat from an ill-fated expansion into financial services....
...Financial regulators are racing to determine the extent of the possible financial damage and who would be hurt....
Most European and UK lenders have not suffered the same fallout as their US peers
...Some financial services companies have made progress towards engaging with their neurodiverse customers....
...Hunt hopes that it will serve as a blueprint for financial services deals with other countries....
Multiple factors are responsible for London’s malaise and revitalisation progress has been slow
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