Barclays chief executive CS Venkatakrishnan will next week attempt to fulfil a promise his predecessor made to shareholders eight years ago: that a future with the UK bank is a bright one. The lender, the last European player of any size on Wall Street, will on Tuesday deliver its first major update on strategy since
In this article JBLU Follow your favorite stocksCREATE FREE ACCOUNT JetBlue Airbus A321LR is displayed at the 54th International Paris Air Show at Le Bourget Airport near Paris, France, June 20, 2023. Benoit Tessier | Reuters Company: JetBlue Airways (JBLU) Business: JetBlue is a New York-based airline company serving over 100 destinations across the United
Stay informed with free updates Simply sign up to the Russian politics myFT Digest — delivered directly to your inbox. Alexei Navalny’s family have accused Russian authorities of hiding his body to cover up what they say is a state-sponsored murder, as the authorities began to arrest people attending spontaneous memorial gatherings. Kira Yarmysh, Navalny’s
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Evergrande’s liquidators are preparing for a potential lawsuit against PwC, which audited the now-collapsed Chinese property group for over a decade, in a move that could lead to the Big Four accounting firm facing a
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Concerns in Europe that Donald Trump might disengage the US from Nato would become “much less relevant” if all countries in the alliance hit their defence spending targets, said Grant Shapps, Britain’s defence secretary. Trump
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Nato members are undermining their own security by holding back on critical weapon deliveries to Ukraine, Volodymyr Zelenskyy warned on Saturday, hours after his generals ordered a retreat from the eastern town of Avdiivka.
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Sequoia Capital is seeking to oust its former leader Michael Moritz as chair of the fintech Klarna, an extraordinary move that reflects the venture capital group’s mounting discontent over the governance of what was once
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. A New York judge has ordered Donald Trump and several business associates to pay a total of $364mn in penalties for persistent fraud committed by the real estate empire that brought the former US president
Stay informed with free updates Simply sign up to the War in Ukraine myFT Digest — delivered directly to your inbox. Ukrainian president Volodymyr Zelenskyy said long-term defence agreements struck with Germany and France heralded a “new security architecture for Ukraine and new opportunities”. Zelenskyy signed 10-year bilateral defence accords with German Chancellor Olaf Scholz
Sparse secondary trading and the long holiday weekend allowed municipals to outperform U.S. Treasuries and corporates Friday as the dearth of primary issuance has kept investors engaged without demanding as much concession despite volatility. Triple-A yields were slightly cheaper on the short end while UST yields rose up to nine basis points on the short
The Financial Industry Regulatory Authority has censured and fined Morgan Stanley $1.6 million for failing to close out 239 inter-dealer transactions within twenty days, as well as for failing to obtain physical possession of 247 short positions. In doing so, the banking giant violated MSRB Rule G-12(h) on uniform industry practices, MSRB Rule G-27 on
Austin, Texas, officials are heading to court to seek validation for a controversial issuance of bonds to help fund a multi-billion-dollar light-rail project. The Austin City Council on Thursday authorized the move, as well as amendments to an agreement with the Austin Transit Partnership (ATP), a corporation created by the city and its Capital Metro
Hours after learning her husband Alexei Navalny had probably died in a remote Russian penal colony, Yulia Navalnaya made an unplanned appearance at the Munich Security Conference to tell western leaders who she held responsible. “If this is true, I want Putin and all of his entourage, Putin’s friends and his government to know they
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. In 2020, Alexei Navalny somehow survived being poisoned — almost certainly by Russian security agents — with a military-grade nerve agent. Now, after years of mistreatment in custody, Russia’s prison service says he has died
As the infrastructure law nears the halfway point of its life, the rollout of its expanded Buy America provision, a key part of President Joe Biden’s bid to strengthen American manufacturing, has been confusing and failed to address gaps in the domestic supply chain. That was the message from state transportation departments and construction experts
Paulina Woo was named senior director of treasury management in Western Alliance Bank’s corporate finance and public and nonprofit finance groups. In her new role, Woo, who is based in Phoenix, will lead teams that tailor banking solutions for municipalities, local governments, nonprofit organizations, corporations and institutional investors. “Western Alliance Bank provides a distinctive set
Former US President Donald Trump departs after speaking to the press after attending the civil fraud trial against the Trump Organization in New York State Supreme Court, in New York City on January 11, 2024. John Lamparski | AFP | Getty Images A judge could deliver a hammer blow to Donald Trump and his company
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Goldman Sachs paid chief executive David Solomon $31mn for 2023, up 24 per cent annually despite the Wall Street investment bank reporting its lowest profits in four years. Last year was the most challenging so
A “For Sale” sign outside a house in Albany, California, on May 31, 2022. David Paul Morris | Bloomberg | Getty Images Mortgage rates shot higher Friday after a monthly government report on wholesale prices showed inflation is still persistent and hotter than most analysts had expected. The average rate on the 30-year fixed mortgage
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Rishi Sunak sought to dampen the anger of his internal Tory party critics over two resounding by-election defeats on Friday by insisting that “midterm elections are always difficult” for incumbent governments. But Conservative insiders were
Tax incentives have long been a favored economic development tool of governments, but do we know how to actually use them ourselves? Well, we’re about to find out. The Inflation Reduction Act (IRA) deployed billions of dollars of tax incentives to fund clean energy and other green investments. In a history-making move, the bill opened