Draft rules hurt City’s China ambitions

Policymakers and banks wake up to draft’s full implications

UK group claims blockchain breakthrough

Setl prototype performs large-scale payments processing

Job Moves: who is hiring and where

The latest job moves and coverage of people making the news in the world’s financial capitals

BT urges Ofcom to look at role of pay-TV

Move comes after rivals urge regulator to break-up group

US stocks

Nasdaq eyes dark-pool surveillance market

Exchange looks at manipulation in off-exchange trading

©Rosie Hallam/FT

PwC tops Deloitte to lead the Big Four

Acquisition of Booz & Co powers consulting revenue growth

A Bloomberg terminal.

Alphabet to back Symphony service

Google investment would mark a departure into serving Wall Street

Winklevoss bitcoin launch ready to open

Regulator approves licence as start-ups struggle for sustainability

Banks face currency fix business loss

New ICAP forex benchmark says average daily volume hits $1.5bn

Blockchain initiative pulls in 13 banks

Citi, BofA and Morgan Stanley join movement to broaden use

Europe unveils rules for market overhaul

Regulator plans to extend competition and transparency

Church urges wealthy to lend to the poor

Ex-regulator calls for rich to fill payday loans gap

Web groups warned on financial regulation

Alibaba and Apple could face tougher rules similar to banks

Blockchain push backed by 9 big banks

Move to create common standards for the technology to broaden use

Credit Suisse nears deal over dark pool

Bank expected to pay $80m amid claims it misled clients

3Red set for ‘spoofing’ legal battle

Proprietary trading firm queries market expertise of CFTC lawyers

Regulators must guard forex stability

Foreign exchange trading has thrived without prescriptive rules

Blythe Masters says US trails in blockchain

Bitcoin technology touted as a way to save banks billions

Chicago sets up interbank lending market

Futures pioneer aims to encourage lending between small US banks

ICE sets new date for Singapore launch

US exchange’s Asian trading hub pulls back from cotton futures