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    Banks in turmoil
    EU authorities express concern over Swiss wipe-out of risky debt
    Live
    markets content. Markets Briefing. European bank shares sink after Credit Suisse takeover and bond writedown
    UBS shares fall after Credit Suisse rescue deal
    Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover
    Banks in turmoil
    opinion content. Instant Insight. There are several reasons to worry about the health of Europe’s banks

    Credit Suisse was the region’s problem child but other institutions are not immune to the turmoil

    Martin Arnold
    opinion content. Markets Insight. Banking turmoil intensifies the need for better Fed policymaking
    Mohamed El-Erian

    Top stories

    Central banks
    Central banks announce dollar liquidity measures to ease banking crisis

    Turmoil prompts authorities to launch daily operations to access dollar funding via standing swap lines

    Turmoil shines light on lifeline provided by small US lenders
    new
    Signature Bank
    US regulator sells most of Signature Bank’s operations

    New York Community Bank to buy ‘substantially all’ deposits and just over a third of assets, says FDIC

    opinion content. Unhedged. First Republic could use a deal, too
    Robert Armstrong
    Chinese politics & policy
    Xi to test limits of friendship with Putin on Russia state visit

    China’s president wants to assert peacemaking credentials and stabilise relations with Europe

    updated
    opinion content. The real meaning of Xi’s visit to Putin
    Gideon Rachman
    Russian business & finance
    Two companies, one trade: the switch that keeps Putin’s oil flowing

    Swiss-based Paramount’s Russian trading activity taken up by near-identically named Dubai entity as sanctions tightened

    Spotlight

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

    The two cities have set up new fund structures to lure wealth away from traditional offshore financial centres

    Jan Marsalek
    Wirecard fraudster Jan Marsalek’s grandfather was suspected Russian spy

    Austrian authorities linked anti-Nazi fighter Hans Marsalek with kidnap and torture of four people in postwar era

    News

    Energy crisis
    Surviving winter: how three factories battled through Europe’s energy crisis

    These power-intensive businesses made it through the peak of high prices but many economic challenges remain

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

    Plan to raise corporate funds for energy projects in poor countries might involve ‘just energy transition’ deals

    Brazil looks to start-ups in battle to reforest the Amazon
    French politics
    Protests mount as Macron faces no-confidence vote on pensions reform

    Riot police deploy water cannon and tear gas as 540 arrested over three days of demonstrations

    Most read

    1. UBS agrees to buy Credit Suisse for more than $2bn
    2. UBS agrees $3.25bn rescue deal for rival Credit Suisse
    3. Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover
    4. opinion content. Global banking is now inside Schrödinger’s box
    5. Central banks announce dollar liquidity measures to ease banking crisis

    News

    Media
    Strike fears hit Hollywood as writers start pay talks with studios

    Screenwriters are seeking to address how royalties are paid in the streaming era

    new
    Microsoft Corp
    Microsoft plans mobile games store to rival Apple and Google

    Xbox boss Phil Spencer said new app store could launch as soon as next year

    Evergrande Real Estate Group
    Evergrande releases restructuring timeline

    Chinese property developer moves closer to agreement with international investors

    South Africa
    South Africa braced for ‘national shutdown’ called by radical opposition

    Police call up reserves and reinforce security around government buildings ahead of planned protest

    CFA Institute
    FT Alphaville. Good news: ChatGPT would probably fail a CFA exam

    Artificial intelligence versus arbitrary irrelevance

    Pharmaceuticals sector
    Big Pharma lobbies for slice of US chip industry tax breaks

    Companies want incentives from $280bn support package to create jobs and stave off competition from China

    Cryptocurrencies
    Humbled ‘crypto bros’ don blazers for Boca Raton

    Digital disrupters in short supply at derivatives conference and those there had given up on shorts and T-shirts

    University of Cambridge
    Cambridge university’s economic impact worth £30bn a year, analysis shows

    Report highlights role higher education institutions play in accelerating innovation

    Opinion

    US News

    White House pressed to expand deposit guarantee to steady banks

    Regulators’ intervention in crisis has so far failed to calm nerves

    Interview. LatAm retail group Femsa aims to crack Mexico’s unbanked ‘puzzle’
    Start-ups learn the hard way how to manage cash after SVB’s collapse
    Trump says he expects to be arrested and calls on supporters to protest
    BlackRock explored rival Credit Suisse takeover bid
    Datawatch. Unchecked corporate pricing power is a factor in US inflation
    FT-IGM Survey. Economists think Fed will keep raising rates despite bank turmoil

    More US News

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    Podcasts

    FT News Briefing. UBS agrees to buy Credit Suisse
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    FT Weekend podcast. Ben Okri on poetry and politics. Plus: graffiti legend 10 Foot
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    Payne's Politics. Are Jeremy Hunt’s plans really a ‘Budget for growth’?
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    Life & Arts

    Watches
    HTSI. Meet the watch influencers
    Things to do in Hong Kong
    FT Globetrotter. Gallerist Henrietta Tsui-Leung’s insider guide to Hong Kong
    Arts
    Review. 900 Degrees — podcast revisits devastating Bradford City stadium fire
    Review. The best of TV and streaming this week
    Travel
    Travelista. Five great Greek boltholes to book 

    Video

    Cryptocurrencies30 min
    video content. FTX: the legend of Sam Bankman-Fried | FT Film
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    video content. The business of Formula 1: inside McLaren HQ
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    video content. The Brexit effect: how leaving the EU hit the UK
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    Highlights

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

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

    opinion content. Affairs and takeovers but absolutely no secret agendas
    Rutherford Hall
    opinion content. Dear Jonathan. How do I re-enter work after several years of retirement?
    Jonathan Black
    opinion content. The envy at work that dare not speak its name
    Pilita Clark
    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
    The Big Read. Britain after Brexit: The surprising surge in skilled migrants

    More highlights

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    Markets News

    ETF Hub. Sustainable ETFs in Europe are often cheaper than mainstream peers

    Price wars have prompted many providers to lower fees

    Charts that Matter. Cost of insuring Credit Suisse debt dwarfs that of other banks
    US Treasuries’ rollercoaster ride strains bond market functioning
    First Republic shares close down 33% despite $30bn lifeline
    markets content. Markets Briefing. Bank stocks slide after First Republic rescue fails to reassure investors
    Bitcoin hits nine-month high as traders shift away from banks
    Cash pours into US money market funds as investors flee bank turmoil

    More markets news

    Technology

    HTSI. Assistive tech to put you in complete control

    A super-powered all-terrain wheelchair, glasses with subtitles – and more

    new
    HTSI. Meet the watch influencers
    opinion content. We need to create guardrails for AI
    Rana Foroohar
    opinion content. Lex. Tech workforces: how low can they go?
    Start-ups learn the hard way how to manage cash after SVB’s collapse
    GPT-4 from OpenAI shows advances — and moneymaking potential
    Social media content moderators lead charge for better rights

    More technology

    CryptofinanceSign up for our newsletter

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