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...The high-profile failures of three regional US banks this year — Silicon Valley Bank, Signature Bank and First Republic — were “entirely their own doing”, he said....
...He cited the example of the US, where the Biden administration’s landmark Inflation Reduction Act offers generous subsidies for companies investing in green energy and clean technology....
...Last year, it closed its flagship Asia V buyout fund after raising $7.1bn, eclipsing its targets....
...With additional reporting by Patrick Jenkins in London...
...patrick.jenkins@ft.com Letter in response to this column:Fiscal politics a big divide in advanced economies / From Malcolm Gooderham, London W1, UK...
...Because for as long as many of us can remember, V-neck sweaters have been all but verboten — existing somewhere in the style hinterland between twisted jeans and square-toed tan leather loafers from Shoe...
...The V&A’s new show, Tropical Modernism, revolves around this odd confluence....
...Photo City: How Images Shape the Urban World at the V&A Dundee is a terrific exploration of the exchanges between the ways cities have been photographed and of how those images have shaped the subsequent...
...analysis / From John Pattison, Toronto, ON, US...
...patrick.jenkins@ft.com Letter in response to this column: Media and policymakers must up their game on private equity / From Peter Morris, London N5, UK...
...Puzzle 2558 Samuel Sevian v Wojciech Przybylski, Titled Tuesday 2021. White to move and win. Click here for solution...
...These could be via the participation of the same hedge funds in both US Treasury and gilt markets, and also more indirectly via disruption to the systemically important US Treasury market. 70x leverage!...
...patrick.jenkins@ft.com...
...Rishi Sunak has appointed the vice-chief of the defence staff General Gwyn Jenkins as his new national security adviser....
...Jacobs-Jenkins wrote this play in the shadow of Covid when our proximity to death was vivid....
...patrick.jenkins@ft.com Letter in response to this article: Meloni government swims against the tide of history / From Jon Johannessen, Venice, CA, US...
...Patrick Jenkins is the FT’s deputy editor and chair of FT FLIC...
...Britain’s export licence deferral system was set up in 1952 precisely to halt the exodus to the US of great art....
...patrick.jenkins@ft.com Bid for lunch with Patrick at London’s Carlton Brasserie and raise money for the FT’s charity the Financial Literacy and Inclusion Campaign (FLIC). ...
...John Pattison Toronto, ON, US...
...In the US, AT1s in the European sense do not exist, though more straightforward preference shares — which avoid the complex triggers and Catch-22s of cocos — do....
...Also on Tuesday, Sunak appointed the vice-chief of the defence staff General Gwyn Jenkins as his new national security adviser....
...will reshape us and we shape it....
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