$50 for your first 3 months Get the print edition and steer from crisis to recovery
Add this topic to your myFT Digest for news straight to your inbox
Esma says it will not tweak requirements, setting up clash with UK rules from January
Covid hit to asset values leaves authorities struggling after £7bn borrowing spree
UK’s sixth-largest bank gives investors a dose of caution
Move will save taxpayer billions of pounds each year but hit some pensioners and bondholders
Kremlin critic says he will sue for sanctions breaches if Credit Suisse and UBS unfreeze assets
A beggar-thy-neighbour battle for business will benefit Paris, Frankfurt and Dublin less than some EU politicians imagine
EU ombudsman says decision exposed weakness of commission’s procedure on conflicts of interest
UK bank warns of vulnerability to economic effects of multiple lockdowns
Senior official says regulator may not have power to extend blanket restriction
A momentum trade in ESG stocks seems unlikely amid disagreement over what even is such an investment
Property prices rise 20% during worst recession since second world war
Report also recommends curbs on influence of State Street and Vanguard, the two other asset management behemoths
Prospects as a standalone business are risky, but Connells is offering a way out
Latest setback won’t derail bank but closing the valuation gap with rival UBS looks tough
US alternative investment group’s move comes after lacklustre returns in some of its strategies
Trawlers matter more than share traders in UK’s talks with the EU
Companies and regulators adapt despite lack of clarity on post-December market access
Former William Hill boss Philip Bowcock joins struggling estate agent as executive chair departs
Intervention by Beijing might spur entrepreneurs to take a lower profile
Deal comes amid growing competition to service the ranks of the world’s super-rich
Transfer will be result of months of negotiations and efforts to reach shareholders
Warburg Pincus and TowerBrook offer 35p a share in non-binding proposal for debt-laden company
State investment bank BPI used start-ups to distribute emergency loans
FCA imposes penalty for encouraging trading with fake reports over 7-year period
French bank’s €737m all-cash offer for Italian lender is not what the market wanted
International Edition
