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Rokos Capital Management LLP

SEC raised concerns over hedge fund Rokos after losing bond bets

US regulator contacted UK authorities after large collateral calls

Hedge fund firm Rokos posts loss after bond market turmoil

Central bank induced bond tumult stings big name hedge funds

Credit Suisse Group AG

Deep dive. Credit Suisse: the rise and fall of the bank that built modern Switzerland

Editor's picks

The Long View. A fretful time for investors

Person in the News. Alvin Bragg, the district attorney who holds Trump’s charges in the balance

Top stories

Olaf Scholz dismisses fears over Deutsche Bank

Germany’s chancellor rejects Credit Suisse comparison as EU leaders seek to reassure markets after share slide

Lex. Deutsche Bank: sell banks on Friday and go away

Crude prices fall as US holds off on replenishing reserves

Energy secretary says it will be ‘difficult’ for Biden administration to take advantage of low oil prices

Lex. Oil and gas: the transatlantic divide opens up

Accounting & Consulting services

EY global chair says partners have ‘right to vote’ on spin-off plan

Appeal to partners comes after US boss calls for a pause in push to split the business

Inside Business. EY, KPMG and the fallout of two accounting scandals

US politics

Top Democrats lash out at ‘new wave’ of Republican climate denialism

Clean energy advocates warn ‘Maga ideology’ and anti-ESG bills pose major risk to US industry and business

‘Trump without the nonsense’: DeSantis treads fine line as popularity ebbs

Spotlight

First Republic hit by succession crisis before Fed began raising rates

C-suite turmoil and shaky business model left US lender exposed to tighter monetary policy

Lunch with the FT. Journalist Bari Weiss: ‘I hate bullies, period’

The former New York Times columnist on free speech, Elon Musk’s Twitter Files and moving on from the culture wars

Best of Weekend FT

The Weekend Essay. Is France on the road to a Sixth Republic?

As rage over pension reform spills out on to the streets, it may be time for the country to rethink its all-powerful presidency

How football got smart and art got dumb

FT Magazine. Everything I, an Italian, thought I knew about Italian food is wrong

From panettone to tiramisu, many ‘classics’ are in fact recent inventions, as Alberto Grandi has shown

Rupert Murdoch, last of the old romantics

HTSI. Courteney Cox: the Scream queen comes clean

At home with the sitcom star turned soap entrepreneur

Stepping into the sun

Most read

News

US stock market shrugs off bank woes as investors flock to Big Tech

S&P 500 has fallen just 0.7% this month despite clamour for safe assets and historic volatility in bond markets

Silicon Valley Bank

Executive pay at SVB soared after big bet on riskier assets

Bonuses jumped when wager on long-dated bonds boosted lender’s returns

StanChart chief says Fed’s SVB deposit guarantee a ‘moral hazard’

Federal Reserve

Fed officials double down on rate rise decision citing high inflation

Central bank pressed ahead with tightening campaign this week despite banking turmoil

Key measure of Japan inflation reaches highest level in 41 years

French politics

King Charles’s state visit to France postponed as pension protests intensify

Symbolic trip delayed amid large-scale demonstrations against Emmanuel Macron’s reforms

‘Master of clocks’: can Macron wait out a crisis of his own making?

Brazil president to propose Ukraine ‘peace club’ on China visit

Lula seeks diplomatic role as Latin American nations resist aligning with west over conflict

UK regulator U-turns on Microsoft’s $75bn Activision deal

Surprise move clears big roadblock to global approval of acquisition of ‘Call of Duty’ maker

‘Hotel Rwanda’ film hero granted presidential pardon

Paul Rusesabagina, who saved hundreds of Tutsis during the genocide, was serving a 25-year sentence

Credit Suisse Group AG

Karin Keller-Sutter: the finance minister behind the rescue of Credit Suisse

Former interpreter faces fallout after helping to engineer the takeover of Swiss banking institution

Majority of Swiss want new UBS-Credit Suisse mega bank split up

Opinion

China is tightening its embrace with Russia as it builds bulwarks against the west

Bilateral ties between Beijing and Moscow represent an intensifying axis of authoritarianism

Banks might behave responsibly if treated like adults

The failings of intrusive financial supervision have never been more obvious

The Top Line. Time to ask what the directors were doing at these failed banks

Andrew Edgecliffe-Johnson

Data Points. Conservatives win some culture battles, but they are losing the war

John Burn-Murdoch

Markets Insight. Financial turmoil could end up doing rate-setters’ job for them

Unhedged. Banks: quickly, then slowly

Robert Armstrong

FT Magazine. What Mystic Meg can teach us about economic forecasting

American banks face a looming credit risk

More Opinion

US News

US air strikes target Iran-backed militants in Syria

Washington retaliates following drone attack that killed an American contractor

Carl Icahn says Illumina directors demanded extra insurance for Grail deal

TikTok chief faces hostile Congress in bid to fight off US ban

Hindenburg shorts Jack Dorsey’s payments group Block

US charges crypto fugitive Do Kwon after Montenegro arrest

Investors bet Fed has finished raising interest rates

EY’s US boss warns it is ‘premature’ to say whether break-up plan can be salvaged

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Behind the Money. Martin Wolf on why banks fail and what to do about it

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To Istanbul, by train

Could a ‘sweetener’ tempt you to buy a new home?

Review. Olivia Colman excels in a ribald and raucous Great Expectations

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Highlights

Culture clash: the challenge of uniting fierce rivals UBS and Credit Suisse

Investment banking is at the heart of divisions between the two Swiss lenders

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

The Big Read. Saving Ukraine’s economy: the grain giant fighting for survival

The Big Read. Solar power: Europe attempts to get out of China’s shadow

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

Dear Jonathan. I am stuck on a consultancy project I don’t like. How do I accelerate a move?

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

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