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Credit Suisse Group AG

Tens of thousands of jobs at risk after UBS takeover of Credit Suisse

Domestic Swiss business and investment bank set to bear brunt of cuts

3 hours ago

EU vows to respect bondholders’ rights after Credit Suisse turmoil

3 hours ago

Explainer. Additional tier 1 bonds: the wiped-out debt at centre of Credit Suisse takeover

Analysis

The Big Read. How the Swiss ‘trinity’ forced UBS to save Credit Suisse

Editor's picks

Four ways to fix the bank problem

Xi-Putin talks highlight Russia’s role as ‘junior partner’ to China

3 hours ago

Top stories

Live news: Moody’s downgrades outlook on UBS to negative

Live

Markets Briefing. Asian equities recover some losses

3 hours ago

Wall Street CEOs seek new plan for First Republic

Shares of lender plummet after rating downgrade despite $30bn lifeline last week

Short seller warned US regulator about Signature Bank in January

Property-focused lender had a reputation for promoting entrepreneurial bankers and a blind spot for risk

3 hours ago

Silicon Valley Bank losses embolden calls for accounting rule reform

3 hours ago

Federal Reserve

‘Firefighter and policeman’: Fed faces rate rise dilemma

US central bank’s next move complicated by uncertainty over efforts to shore up sector

3 hours ago

Bank turmoil risks swaying ECB’s next rate decision, says Lagarde

Spotlight

Trump rallies Republicans to his defence with arrest warning

Possible charges by Manhattan prosecutors may give former president’s latest campaign a boost among his party’s base

3 hours ago

Now is not the moment to push people into just any job

Forcing the unemployed into low-paid work isn’t a good solution to today’s labour market problems

News

‘Do you understand what I say?’ Markus Braun tests patience of Wirecard judge

The former chief executive has been unwavering that he has no responsibility for one of Europe’s biggest corporate frauds

3 hours ago

Wirecard fraudster Jan Marsalek’s grandfather was suspected Russian spy

EU business regulation

EU industrialists attack Europe’s counter to Biden green bonanza

Net zero Industry Act is not enough to compete with tax incentives offered by US, warn major groups

Saudi leads push to elevate carbon removal in UN climate science report

Flashpoints emerge in finalisation of key research findings

3 hours ago

Global warming set to reach 1.5C in the near-term, UN reports

Most read

French politics

Macron government survives no-confidence votes over pensions

French president’s decision to over-rule lawmakers on retirement age has sparked public anger

DRC says Rwandan mineral smuggling costs it almost $1bn a year

Kinshasa has long accused Kigali of plundering its resources by supporting insurgent M23 group

3 hours ago

China gives chipmakers new powers to guide industry recovery

Under US pressure, Beijing is changing strategy and relying on a select group of companies to shape its domestic sector

IMF approves $3bn bailout for Sri Lanka

Fund’s board backs package weeks after Beijing drops resistance

Venezuelan minister resigns amid state oil company corruption probe

Tareck El Aissami had been close to socialist president Nicolás Maduro

Colombia’s energy transition should be gradual, warns Ecopetrol chief

3 hours ago

JPMorgan Chase & Co

JPMorgan and Deutsche Bank must face Epstein claims, judge rules

US court narrows cases but allows plaintiffs to proceed with allegations the banks ‘knowingly benefited’ from crimes

Rupert Murdoch engaged to be married for fifth time

Ownership of Murdoch family trust expected to be unaffected by union with widow of former radio and TV executive

London Stock Exchange Group

‘Perhaps she will not spoil the atmosphere after all’: women mark 50 years trading at the LSE

Some of the first female traders recount how they started on the floor of the exchange

3 hours ago

Opinion

Investors in limbo land as trust in market rules wavers

The scrambled changing of the ‘waterfall’ structure at Credit Suisse could create long-term problems

Markets Insight. SVB lessons in the forgotten history of the Bank of the United States

The New York-based bank collapse in 1930 has parallels with the failure of the Silicon Valley lender

Abby Joseph Cohen

Lex. Bank ratios: complex calculations are a key part of banking’s confidence trick

The FT View. A very Swiss bank rescue

The editorial board

Unhedged. Against bank stocks

2 hours ago

Politicians forget to ask what good childcare actually looks like

Outlook. Uruguay’s difficult history is still being largely ignored

Lucinda Elliott

The real meaning of Xi’s visit to Putin

More Opinion

US News

Amazon cuts 9,000 more workers in efficiency drive

Latest lay-offs add to 18,000 staff culled in January as company cuts costs following tech downturn

Turmoil shines light on lifeline provided by small US banks

Bid deadline for failed Silicon Valley Bank is extended as buyers hold back

Shares of New York Community Bank surge after Signature deal

Strike fears hit Hollywood as writers start pay talks with studios

Climate Capital. US scopes projects for carbon credit scheme under heavyweight committee

Microsoft plans mobile games app store to rival Apple and Google

Podcasts

Money Clinic with Claer Barrett. Interest rates, bank crises and your money

24 min listen

FT News Briefing. Will a $3bn bailout be enough for Sri Lanka?

10 min listen

Tech Tonic. The quantum revolution: ‘Spooky action’

25 min listen

FT Weekend podcast. Ben Okri on poetry and politics. Plus: graffiti legend 10 Foot

32 min listen

Review. Magisteria — science, religion and their tangled relationship

Postcard from Switzerland: the small town where Sherlock Holmes lives on

Wellbeing and fitness

HTSI. A first look at Heckfield Place’s new wellness retreat

Eating and drinking in Toronto

FT Globetrotter. Global glories: the tastes of Toronto’s food markets

Review. Pit, Paris Opera Ballet — cocktail-party dance goes Gaga

Video

Cryptocurrencies30 min

FTX: the legend of Sam Bankman-Fried | FT Film

363 hours ago

Scoreboard10 min

The business of Formula 1: inside McLaren HQ

507 hours ago

Brexit28 min

The Brexit effect: how leaving the EU hit the UK

3693 hours ago

FT Standpoint14 min

Capture: who's looking after the children? | FT Film

1131 hours ago

Highlights

From SVB to the BBC: why did no one see the crisis coming?

Managers can put organisations at risk when they fail to plan for the worst-case scenario

Affairs and takeovers but absolutely no secret agendas

Rutherford Hall

Dear Jonathan. How do I re-enter work after several years of retirement?

The Big Read. Singapore and Hong Kong vie to be the Caymans of Asia

The envy at work that dare not speak its name

The Big Read. Microbes on the farm: a solution for climate change?

Interview. Football’s first female super-agent Rafaela Pimenta on dealmaking and discrimination

Technology

Tech Tonic. The quantum revolution: ‘Spooky action’

The weird physics of quantum computers

3 hours ago

Special Report. FT 1000: Europe’s Fastest Growing Companies

Tripledot plays winning hand with ‘Solitaire’ to top FT1000

London’s lead in tech is at risk, warn start-ups

Growing investor interest nurtures Prague’s ambitions

End of ‘easy money’ shifts start-up focus to profit

Amazon cuts 9,000 more workers in efficiency drive

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