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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...
...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...
...Dell’s family office is chaired by Gregg Lemkau, one of the bank’s former top dealmakers who left in 2020 to work with Dell with the mandate to supercharge the investment firm set up by the billionaire businessman...
...This is a critical challenge in financial services....
...But, amid all of these financial gymnastics, Silver Lake and Michael Dell did not extract cash from the deal....
...Still, big financial services deals are going to bring scrutiny, and the likes of Senator Elizabeth Warren have already called for regulators to block the merger....
...“[In] financial services, the record is particularly poor, as scaling typically requires hiring a lot of people, which erodes culture and can lead to excess risk taking,” he told analysts....
...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....
...Is the financial titan at risk of getting burnt?...
...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....
...Over the past year, much of the financial world’s attention has been on the soaring valuation of private AI companies such as OpenAI and Anthropic....
...This is something the UK regulator, the Financial Conduct Authority, is now looking at....
...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....
...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...
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....
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