Stay informed with free updates Simply sign up to the Central banks myFT Digest — delivered directly to your inbox. The writer is a former central banker and a professor of finance at the University of Chicago’s Booth School of Business Macroeconomic policy in industrial countries has become much more discretionary of late, and not
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Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Activist investor Cevian Capital has taken a €1.2bn stake in UBS, betting that the Swiss bank can double its valuation over the next three to five years. Cevian, Europe’s largest dedicated activist, has invested just
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Republican presidential candidate, former President Donald Trump arrives at a campaign event at the Hyatt Hotel on December 13, 2023 in Coralville, Iowa.  Scott Olson | Getty Images News | Getty Images The judge presiding over the high-stakes civil business fraud trial of former President Donald Trump harshly questioned the credibility of a key expert
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BlackRock on Monday was sued by the US state of Tennessee, which accused the $9.1tn New York-based asset manager of violating consumer protection laws by misusing environmental, social and governance factors in its investment strategy. The lawsuit filed by state attorney-general Jonathan Skrmetti alleged that BlackRock had been inconsistent in stating whether it focused exclusively
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The U.S. Government Accountability Office is taking the U.S. Treasury Department to task over how $350 billion in pandemic relief funds were managed and dispensed to states and localities.  The two big bones of contention over how State and Local Fiscal Recovery Funds were administered include a lack of assistance from the Treasury and questions
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Municipals were little changed Monday as U.S. Treasuries were weaker and equities ended up. Volume this week is relatively light with the new-issue calendar estimated at $1.6 billion. There are only two deals over $100 million. The Bond Buyer 30-day visible supply sits at $4.03 billion. In the primary market Monday, Jefferies held a one-day
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Stay informed with free updates Simply sign up to the Electric vehicles myFT Digest — delivered directly to your inbox. Trevor Milton, the founder of electric and hydrogen-powered truckmaker Nikola, was sentenced to four years in prison on Monday for lying to investors about the readiness of his start-up’s technologies in order to boost its
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The Municipal Securities Rulemaking Board’s proposal on Rule G-12(c), the subsection of its uniform practices dealing with inter-dealer confirmations, which would simplify some existing guidance, retire some others and merge much of it into Rule G-15, should go further and eliminate the subsection altogether, dealers say. MSRB Rule G-12 on uniform practice establishes the industry
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Houston will welcome a new mayor and controller next month amid financial challenges that include an ongoing contract impasse with firefighters and a major airport terminal project launched by the city and United Airlines last month. With Mayor Sylvester Turner and Controller Chris Brown term-limited from running again after eight years in office, 18 candidates
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Yuichiro Chino | Moment | Getty Images Like it or not, generative artificial intelligence has arrived on Wall Street — and experts expect it to transform the way firms do business. To be clear, artificial intelligence, like natural language processing and machine learning, has been used by wealth management and asset management firms for years.
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Brace for an unpredictable year in community finance, where a confluence of global turmoil, mandatory tech advancements, legislative implementation, and potential political upheaval all collide with an already fragile insurance market. While the presidential election may be a noisy stalemate, this chaos presents a hidden opportunity for agents of change to make real progress. Think private
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