Accessibility help Skip to navigation Skip to content Skip to footer

Cookies on FT Sites

We use cookies for a number of reasons, such as keeping FT Sites reliable and secure, personalising content and ads, providing social media features and to analyse how our Sites are used.
Manage cookies
Accept & continue
  • Sign In
  • Subscribe
Open drawer menu Open search bar
Financial Times
myFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
    Most Read
    • Tory hopes of decisive majority in doubt as voters head to polls
    • Dispiriting election presents voters with stark choices
    • Fed holds rates steady with no plans for changes in 2020
    • US hits Iran’s biggest airline and shipping group with sanctions
    • Pakistan revives Belt-and-Road projects under Chinese pressure
  • US
    Sections
    • US Home
    • US Economy
    • US Politics & Policy
    • US Companies
    Most Read
    • Paul Volcker’s final warning for America
    • Weinstein and accusers reach tentative $45m deal
    • Fed holds rates steady with no plans for changes in 2020
    • US hits Iran’s biggest airline and shipping group with sanctions
    • US regulator failed to ground Boeing 737 Max despite risks
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Wirecard critics targeted in London spy operation
    • Nestlé to sell Häagen-Dazs ice cream business for $4bn
    • US regulator failed to ground Boeing 737 Max despite risks
    • KPMG’s UK profits drop 14% as it battles to restructure
    • JPMorgan executive ‘sickened’ over racism revelations
  • Tech
  • Markets
    Sections
    • Markets Home
    • fastFT
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    Most Read
    • Further reading
    • Investors grit their teeth for a ‘low return decade’
    • High-flyer Mexico under pressure
    • Amazon deal with Deliveroo faces in-depth competition probe
    • Brazilian brokerage XP jumps almost 30% in US market debut
  • Graphics
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Instant Insight
    • Lex
    • Alphaville
    • Obituaries
    • Letters
    Most Read
    • Paul Volcker’s final warning for America
    • Peloton’s sexist Christmas advert has another problem
    • Further reading
    • How not to win the technology race with China
    • Hong Kong’s protesters need a leader now more than ever
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Life lessons from the couples who run start-ups
    • Psychologist Carol Dweck: ‘Everyone is a work in progress’
    • How women are failed by thoughtless design
    • How common are bad bosses?
    • HEC Paris takes top place in FT European business school rankings
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Inside LBC: the radio station capturing the political zeitgeist
    • Welcome to the age of the avatar
    • The role of AI in China’s crackdown on Uighurs
    • Where to go if you’re fleeing climate change
    • Tenants are winners in Manhattan’s oversupplied luxury home market
  • How to Spend It
  • Sign In
  • Subscribe
  1. Companies
  2. Financials
  • Banks
  • Insurance
  • Property
  • Financial Services
Menu Search
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Graphics
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

Make the most of 2020. Read the FT in print for just $99.

Learn more
Prices are non-refundable unless cancelled in accordance with our subscription Terms and Conditions. Discount offers are available until January 8, 2020 for new customers only and additional Discount Terms and Conditions apply.

Financials

Add to myFT Digest

Add this topic to your myFT Digest for news straight to your inbox

  • Wednesday, 11 December, 2019
    Chinese business & finance
    China’s smaller banks forced to act to support shares

    Stream of obligatory stock buybacks underscores challenges facing banking sector

  • Wednesday, 11 December, 2019
    Saga
    Saga hires former Superdry boss as chief executive

    Shares at over-50s specialist have shed three-quarters of their value in five years

  • Wednesday, 11 December, 2019
    Wirecard AG
    Wirecard critics targeted in London spy operation

    Former Libyan intelligence chief oversaw surveillance of investors including Crispin Odey

  • Wednesday, 11 December, 2019
    Financial services
    Four men linked to failed LCF received £20m of savers’ funds

    Judgment reveals scale of transfers before mini-bond firm collapsed

  • Wednesday, 11 December, 2019
    AnalysisBlackRock Inc
    BlackRock strives for moral high ground with Wiseman firing

    Larry Fink champions company’s culture even if it means losing a potential successor

  • Wednesday, 11 December, 2019
    Paytm Mobile Solutions Pvt Ltd
    India’s highest valued startup Paytm faces crowded field

    SoftBank-backed payments group looks for other revenue sources as rivals move in

  • Tuesday, 10 December, 2019
    HSBC Holdings PLC
    HSBC to pay $192m penalty in US tax evasion case

    Private banking arm of UK lender admits to hiding more than $1bn from authorities

  • Tuesday, 10 December, 2019
    Mergers & Acquisitions
    New York Life in talks to buy Cigna unit for nearly $6bn

    Insurer emerges as frontrunner over MetLife and Sun Life Financial

  • Tuesday, 10 December, 2019
    Lloyds Banking Group PLC
    Victims of HBOS fraud in line for bigger payout

    Review says bank’s compensation scheme ‘not fair and reasonable’

  • Promoted Content
  • Tuesday, 10 December, 2019
    The FT ViewThe editorial board
    A German bailout tests EU bank rules to the limit

    Approval of taxpayers’ money for NordLB stretches credibility

  • Tuesday, 10 December, 2019
    Banking Weekly podcast18 min listen
    The great global deregulation

    Patrick Jenkins and guests discuss the week’s news in banking

  • Tuesday, 10 December, 2019
    Cboe Global Markets
    CBOE Europe to acquire Dutch clearing house EuroCCP

    Deal will enable Chicago-based group to diversify into index derivatives trading

  • Tuesday, 10 December, 2019
    LombardMatthew Vincent
    Grant Thornton audit failings must be made public

    How can the regulator impose £650,000 fine but not name the public company involved?

  • Tuesday, 10 December, 2019
    Credit Suisse Group AG
    Credit Suisse faces £68m lawsuit from banker arrested in Romania

    Former employee claims Swiss bank failed to protect him after criminal conviction

  • Tuesday, 10 December, 2019
    AnalysisUK general election
    Voters face stark choice to fix UK’s housing crisis

    Tories are focused on home ownership while Labour plans a huge programme of social housing

  • Tuesday, 10 December, 2019
    Izabella Kaminska
    Fintechs rediscover the old lesson that service matters

    We are seeing a return to competition that differentiates on quality rather than just price

  • Tuesday, 10 December, 2019
    Inside BusinessLeo Lewis
    Investors need more clarity on Japan’s ‘anti-activism’ law

    New rules shelter companies from shake-ups but implementation has been vague

  • Tuesday, 10 December, 2019
    Woodford Investment Management
    Neil Woodford closes office as part of business wind down

    Stockpicker’s investment company is entering final weeks of closure process

  • Tuesday, 10 December, 2019
    Morgan Stanley
    Morgan Stanley fined €20m over European bond trades

    Bank to appeal after French regulator imposed fine for ‘aggressive’ market activity

  • Tuesday, 10 December, 2019
    Grant Thornton UK LLP
    Grant Thornton fined £650,000 by FRC over inadequate audit

    Accounting watchdog criticised for not naming company where errors were identified

  • Tuesday, 10 December, 2019
    Deutsche Bank AG
    Deutsche Bank raises revenue target for investment bank

    Chief executive Sewing sets sights on 2% average annual growth by 2022

  • Tuesday, 10 December, 2019
    Investment Banking
    Deutsche to cut €100m from German retail banking unit

    Lender plans to scrap legal entity that runs the operation and merge it into group

  • Tuesday, 10 December, 2019
    Chinese business & finance
    Postal Savings Bank of China makes tepid trading debut

    Shares in mainland China’s biggest IPO in more than 4 years gain 2% as view of banking sector sours

  • Tuesday, 10 December, 2019
    Special ReportNorth America Innovative Lawyers
    Deals lawyers are masters of seeing the next move

    Great M&A skills need business acumen and long-term thinking. Plus: law firms and legal teams ranked for ‘managing complexity and scale’

  • Tuesday, 10 December, 2019
    Due Diligence
    Hedge funds: Damsels in distressed Premium

    Welcome to Due Diligence, the FT’s daily deals briefing

Previous You are on page 2 Next

Recommended

Feature
Banking Weekly podcast: FT’s banking team discuss the biggest banking stories, bringing you global insight and commentary

Useful links

Support

View Site Tips Help Centre About Us Accessibility myFT Tour Careers

Legal & Privacy

Terms & Conditions Privacy Cookies Copyright Slavery Statement & Policies

Services

FT Live Share News Tips Securely Individual Subscriptions Group Subscriptions Republishing Contracts & Tenders
Executive Job Search Advertise with the FT Follow the FT on Twitter FT Transact Secondary Schools

Tools

Portfolio Today's Newspaper (ePaper) Alerts Hub MBA Rankings
Enterprise Tools News feed Newsletters Currency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2019. FT and ‘Financial Times’ are trademarks of The Financial Times Ltd.
The Financial Times and its journalism are subject to a self-regulation regime under the FT Editorial Code of Practice.
Financial Times

International Edition

  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • Americas
    • Middle East and North Africa
  • US
    • US Economy
    • US Politics & Policy
    • US Companies
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • fastFT
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
  • Graphics
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Instant Insight
    • Lex
    • Alphaville
    • Obituaries
    • Letters
  • Work & Careers
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
  • Life & Arts
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
  • Personal Finance
    • Property & Mortgages
    • Investments
    • Pensions
    • Tax
    • Banking & Savings
    • Advice & Comment
    • Next Act
  • How to Spend It
  • Special Reports
  • FT recommends
  • Lex
  • Alphaville
  • EM Squared
  • Lunch with the FT
  • FT Globetrotter
  • Tech Scroll Asia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In