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UK immigration
Rwandan state airline rejected UK proposal to fly asylum seekers to Kigali
...But people briefed on the scheme said no one had yet officially signed up....
April 9, 2024
Retail sector
Spar supermarket accuses Hungary’s Orbán over retail tax
...After reaching more than 20 per cent in early 2023, Hungary’s inflation has fallen sharply to close to the central bank’s long-term target of 3 per cent....
March 11, 2024
FT Live
Bank of the Year Awards 2024
Recognising the best in banking globally
Wednesday, 4 DecemberLondon, UK
Walt Disney Co
Disney throws a lifeline to US Open tennis players amid cable blackout
...Disney and ESPN hold the rights to Monday Night Football, consistently one of the top-rated weekly broadcasts of the year. Charter declined to comment on Tuesday....
September 6, 2023
UK immigration
Home Office sends ‘third country’ removal notices to dozens of British asylum seekers
...Sonali Naik KC, a barrister at Garden Court Chambers who specialises in immigration cases, said she believed the letters were “clearly intended for the people who would be placed on . . . charter flights...
March 29, 2024
Special ReportFT Wealth: April
Why billionaires are changing how they spend
...One country that stands out as a home to younger billionaires is Britain....
April 12, 2024
Markets InsightRana Yared
One year after SVB: we need better banking for smaller businesses
...Since 2009, the FDIC has issued 86 new insured commercial bank charters....
March 8, 2024
FT Live
Global Wealth Management Summit
Recalibrating business for multi-generational private clients
Wednesday, 6 November222 Marylebone Road, London NW1 6JQ, United Kingdom
US banks
Blank-cheque company aims to buy failed US banks
...Joining Lieberman as a board member is Tom Naratil, formerly one of the highest-ranking US executives at Swiss bank UBS before he left in 2022....
March 13, 2024
UnhedgedRobert Armstrong
JPMorgan’s increasing returns Premium content
...Is it a good thing for the economy in general that one bank should tower over the industry? Should America want more big banks? Fewer? Is JPM’s run likely to continue?...
March 11, 2024
LexCorporate governance
A non-profit motive need not be bad for business Premium content
...That contributed to the weakness of Italian banks — then part-owned by foundations — when the financial crisis hit. Foundations can also suffer from an overly concentrated portfolio....
March 31, 2024
Mergers & Acquisitions
Could Altice USA’s change-of-control covenants stop a deal?
...It’s rare that a change-of-control clause acts as a significant barrier to a deal, but getting around this one could take a bit more effort than normal....
March 1, 2024
Vietnam
Corruption purge and tycoon’s $12bn bank fraud trial shake Vietnam
...Thuy is one of thousands of Vietnamese people who have lost money they put in SCB....
March 20, 2024
COP28
UN secretary-general lambasts COP28 presidency’s net zero charter
...Georgieva said phasing out such subsidies was a “hugely important task”, but one that the world had not “embraced wholeheartedly”....
December 3, 2023
European Central Bank
ECB to rely more on bank lending as it shrinks balance sheet
...The European Central Bank has announced one of the biggest overhauls of its connections to the financial system for a decade, outlining plans to lend more to commercial banks while shrinking its vast bond...
March 13, 2024
Silicon Valley Bank
What has replaced Silicon Valley Bank as start-ups’ favourite banker?
...The Silicon Valley Bank ski trip to Deer Valley was one of the biggest annual networking events for technology start-ups before the bank failed last March, the largest bank to collapse since the global financial...
March 8, 2024
UK immigration
Sunak gets Rwanda bill through parliament
...Sunak said commercial charter planes and hundreds of trained staff were ready to take asylum seekers to Africa and that an airfield had been earmarked for the purpose....
April 22, 2024
FT Live
Global Banking Summit
The world's top gathering of leaders in finance
Tuesday, 3 DecemberLondon, UK
News updates from January 12: China pledges to ‘smash’ Taiwan independence, US wholesale inflation declines
Bank of America’s profit falls on one-time charge
...Bank of America on Friday reported that its profits in the final quarter fell nearly 60 per cent from a year ago, dragged down by one-time expenses tied to last year’s regional banking crisis and the bank...
January 12, 2024
LexMedia
Disney/Charter: for millions, Iger vs Malone is a can’t-watch contest Premium content
...Disney channels including ESPN have gone dark on the screens of around 15mn Charter Communications pay-TV customers. Such “carriage” disputes occur sporadically. But this one may be existential....
September 4, 2023
The Long ViewKatie Martin
The lessons from Europe’s banking drama
...But it is reasonable to imagine that one slip-up could have made a seriously bad day for the bank’s shares much worse....
March 22, 2024
News in-depthSouth Africa
South Africa’s opposition splinters in battle against ANC
...Roger Jardine was a famed anti-apartheid activist before building a business career and leading South Africa’s largest bank....
January 2, 2024
News in-depthThailand
Thailand’s PM clashes with central bank governor over $14bn handout plan
...He is urging parliament to approve a plan to give one-off payments of 10,000 baht ($280) to about 50mn low-income citizens via a digital wallet....
February 6, 2024
Frank Vogl
World Bank’s strategy on gender-based violence must include NGOs
...The bank’s aim to strengthen justice systems to support victims is a long-term endeavour and one that needs support on the ground to ensure cultural change....
January 22, 2024
Citigroup Inc
Citi plans 20,000 job cuts as it reports worst quarter in 14 years
...It had one quarter in 2017 with a larger loss of $18bn from a non-cash charge related to Donald Trump’s sweeping tax cuts that affected the value of its deferred tax assets....
January 12, 2024
Letter
Letter: China will never match the US for one simple reason
...Too much alienation would benefit no one but a few bureaucrats — the widely reported headwinds in China’s recovery are an omen. Mehdi Al Bazzaz Former World Bank Economist Alexandria, VA, US...
January 4, 2024
Streaming services
Disney vs Charter: a dispute that leaves future of cable TV in doubt
...of the defining upsets of the tournament, Jelena Ostapenko’s defeat of number-one ranked Iga Świątek on Sunday....
September 8, 2023
News in-depthMiddle East
Houthis blow open murky world of ship nationality
...The Marlin Luanda is owned by a group of international investors through a company which, because the investors were advised by US investment bank JPMorgan Chase, is registered at one of the bank’s London...
March 5, 2024

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