Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Deutsche Bank warned late on Friday that up to a fifth of its expected pre-tax profit in 2024 might be wiped out...
As it waits for regulators to approve its $35 billion acquisition of payments network Discover, Capital One is “fully mobilized to plan and deliver a successful integration.” Adding Discover will make the $475 billion bank a more “diversified, vertically-integrated global...
The US Federal Trade Commission’s action to ban non-compete agreements has left Wall Street businesses rushing to restructure contracts and find new ways to tie down the high-priced personnel that their business models rely on.The contracts, which constrain a worker’s...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Net profits for bank and broker Nomura surged almost 670 per cent from a year earlier in its latest quarter, as Tokyo...
IBM plans to acquire cloud services provider HashiCorp for $6.4 billion in cash. HashiCorp has expertise in deploying multi- and hybrid-cloud infrastructures for enterprise clients, and the combination of the companies will “bolster our leading IT automation platform to address...
Barclays is looking to cut costs through structural changes as it seeks efficiencies in the face of falling profits. “We achieved around 200 million pounds of gross cost efficiency savings in Q1 out of our targeted 1 billion pounds for...
Stay informed with free updatesSimply sign up to the US financial regulation myFT Digest -- delivered directly to your inbox.A US banking regulator has paused plans to rein in the influence of large investors on individual lenders after it became...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Barclays chief executive CS Venkatakrishnan called for a renewal of equity risk culture in the UK to stimulate markets, as the bank...
Lloyds Bank reported an increase in operating costs in the first quarter driven by higher inflation and increased investment in technology. “Cost management remains a core discipline for us as a group,” Chief Financial Officer William Chalmers said during the...
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A Russian court has ordered the seizure of JPMorgan Chase funds totalling $439.5mn a week after Kremlin-run lender VTB launched legal action...
