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Related Special Reports
...Discover is a rarity in that it operates both as a card issuer and a payments network....
...“It’s a business where you should be compensated in a variable way, so I think it’s good news for our industry, it makes a lot of sense,” Botín told the FT. “I’m sure we will adapt to that....
...GIC took a 25 per cent stake in CitizenM five years ago in a deal that valued the business at €2bn including debt....
...But HSBC chief executive Noel Quinn argued at the FT summit that there was “a bit of a disconnect in that argument because actually what happened earlier this year wasn’t about capital, it was about liquidity...
...Dickie said that because Grosvenor was already a commercial developer, funding construction was “already within our risk appetite” and the company could more easily “take a view on pricing that risk”....
...Dimon’s name has for years been floated as a possible US Treasury secretary. He has long described himself as a Democrat but his views in recent years have diverged from the party....
...Michael Gove has launched a legal action to force the landlord of a Canary Wharf apartment complex to pay £20.5mn towards building safety works, as the UK government increases efforts to pursue the owners...
...“I think of this as a race to transform how customers interact with their money, to win at a global scale.”...
...Joshua FranklinIt’s by no means a sure thing that this deal goes ahead and I think there’s a few different dynamics at play....
...Of the three, only Gutman, a prolific UK dealmaker but one who some colleagues describe as a more divisive figure than the affable Garcia, was picked for a place on the operating committee....
...And he wrote a scathing and spicy letter to the judge. You wanna tell us a little bit about that and what it means? Joshua OliverYeah, absolutely....
...Ahead of a potential trade, bankers will often speak with potential buyers to get a sense of market interest in a certain stock, sometimes sharing details of the trade under a non-disclosure agreement and...
...Additional reporting by Arash Massoudi, Stephen Morris and Ivan Levingston...
...Joshua Franklin It’s really been a case of the haves and the have-nots in US banks over the last 12 months or so. The haves have been a pretty small number....
...A surety bond serves like a bank letter of credit. It guarantees that a defendant can pay a legal judgment if appeals do not succeed....
...Read a transcript of this episode on FT.com...
...The hints of recovery follow a brutal period for developers....
...Young, a junior housing minister, in a letter sent to MPs....
...“The housing market seems a lot brighter. It is on the road to recovery,” he said. “It is happening a little quicker than we thought.”...
...A £250 annual cap has also been mooted as possible compromise....
...Earlier this month, UK chancellor Jeremy Hunt announced Canary Wharf Group would receive a £118mn loan from a government housing infrastructure fund to support developing a life-sciences centre, a healthcare...
...“We are advising clients to spend sometimes in the region of millions of pounds to upgrade their buildings,” said Ollie Morris, director of sustainability at real estate firm CBRE....
...In early 2023, the bank was also the target of a potential bid by First Abu Dhabi Bank, which has since withdrawn its interest....
...The UK government has confirmed its ambition to start the first sale of NatWest shares to the public this summer as part of a drive to create a “new generation of retail investors”....
...Canary Wharf will benefit from funding to build houses and boost the London business district’s push to become a life sciences centre under measures announced in the Budget....
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