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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
...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...
...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....
...Munich prosecutors told the Financial Times last week that their investigation was ongoing, and declined to comment further....
...Its assets include stakes in New York’s Chrysler building, London’s Selfridges and KaDeWe, Germany’s famous department store....
...Because of the way Benko set up the Signa group, which owns stakes in Selfridges and the Chrysler building, the group has fractured after its collapse with creditors and shareholders vying over collateral...
...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....
...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.”...
...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...
...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....
...At its peak the group held a property portfolio of luxury addresses — including London department store Selfridges, KaDeWe in Berlin and the Chrysler Building in New York — which Benko boasted was only rivalled...
...Some financial services companies have made progress towards engaging with their neurodiverse customers....
Most European and UK lenders have not suffered the same fallout as their US peers
...Hunt hopes that it will serve as a blueprint for financial services deals with other countries....
...The company was formed in early 2021 through the merger of France’s PSA, the maker of Peugeot, and Italian-US peer Fiat Chrysler....
Multiple factors are responsible for London’s malaise and revitalisation progress has been slow
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