Accessibility helpSkip to navigationSkip to contentSkip to footer

Cookies on FT Sites

We use cookies (opens in new window) 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 side navigation menuOpen 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
    • Russia jails opposition activist Alexei Navalny for 30 days
    • UK vaccination rollout a rare pandemic success
    • Thousands of UK savers advised to give up final-salary pensions
    • Shipping costs quadruple to record highs on China-Europe ‘bottleneck’
    • Capitol siege lands Trump in the rough with golf world
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    • US Presidential Election 2020
    Most Read
    • Capitol siege lands Trump in the rough with golf world
    • Biden to unwind Trump agenda with raft of executive orders
    • Josh Hawley’s political ascent stalls after US Capitol attack
    • America’s disarray is China’s opportunity
    • How Couche-Tard’s ambitious bid for France’s Carrefour was cut down
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • Renault boss hails EV supremacy on road back ‘from hell’
    • How Couche-Tard’s ambitious bid for France’s Carrefour was cut down
    • Chip shortage forces Audi to delay production
    • ECB threatens banks with capital ‘add-ons’ over leveraged loan risks
    • Why banks should not bear all the burden of Britain’s scam culture 
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    Most Read
    • City of London bosses warn against post-Brexit deregulation
    • Markets approaching a boiled frog moment
    • HSBC CEO expresses regret to Hong Kong activist over frozen bank accounts
    • How Joe Biden’s stimulus plan shook up global financial markets
    • EU sets out plans to curb reliance on dollar in post-Trump era
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • Vaccines won’t get us back in the office any time soon
    • America’s disarray is China’s opportunity
    • Higher inflation is coming and it will hit bondholders
    • British business travellers face a bewildering return to the EU
    • Markets approaching a boiled frog moment
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • Vaccines won’t get us back in the office any time soon
    • The pandemic tests a new generation of graduate trainees
    • How acts of leadership kindness make everyone better
    • Can you succeed without being a terrible person?
    • How do I switch from corporate finance to public affairs?
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • British business travellers face a bewildering return to the EU
    • Next-level India: the secrets of Sikkim
    • How to bring Brooks Brothers back from the brink
    • Blood and Iron by Katja Hoyer — conflicted Germany
    • 15 essentials for the home gym
  • How to Spend It
  • Sign In
  • Subscribe
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
  • Sign In
  • Subscribe

$50 for your first 3 months Get the print edition and steer from crisis to recovery

Subscribe now

Stephen Morris

Banking editor
Stephen Morris is the FT's banking editor. He was previously a reporter at Bloomberg News and The Independent.
Email Stephen Morris @sjhmorris (link opens in a new browser window)
Email Stephen Morris @sjhmorris (link opens in a new browser window)

Add to myFT Digest

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

  • Monday, 18 January, 2021
    Fitch Ratings Inc
    Fitch invests in AI start-up to improve bank misconduct detection

    Credit rating agency seeks to expand how it evaluates lenders’ riskiness amid raft of scandals

  • Sunday, 17 January, 2021
    Leveraged loans
    ECB threatens banks with capital ‘add-ons’ over leveraged loan risks

    Policymakers frustrated by some lenders’ lack of action to tighten controls

  • Wednesday, 13 January, 2021
    Standard Chartered PLC
    StanChart investment banking head emerges as frontrunner in CEO succession

    Simon Cooper becomes internal ‘heir apparent’ to Bill Winters at emerging-markets lender

  • Wednesday, 13 January, 2021
    UniCredit SpA
    UniCredit sounds out Orcel and Thiam as next chief executive

    Italian lender’s board to decide on replacement for Jean Pierre Mustier within next four weeks

  • Tuesday, 12 January, 2021
    Coronavirus pandemic
    Sunak vows to keep housing, construction and manufacturing open

    But PM is under pressure from scientists to do more to stem rising Covid infections

  • Monday, 11 January, 2021
    Tidjane Thiam
    Ex-Credit Suisse chief Tidjane Thiam to launch blank cheque vehicle

    Banker joins Spac craze with $250m fund to invest in financial sector

  • Sunday, 10 January, 2021
    HSBC Holdings PLC
    HSBC targeted by shareholders over fossil fuel financing

    Investors file resolution demanding bank publishes strategy and targets

  • Friday, 8 January, 2021
    Brexit
    City of London stumbles through first week of Brexit

    Deal struck with EU largely excluded financial services, with consequences for firms

  • Friday, 8 January, 2021
    Credit Suisse Group AG
    Credit Suisse to post quarterly loss as it adds $850m to litigation reserves

    Increased provisions for US mortgage bond scandal deals another blow to bank

  • Promoted Content
  • Sunday, 3 January, 2021
    News in-depthCompanies
    Pitfalls, opportunities and the people to watch in 2021

    A cross-industry round-up of leading figures, events and trends that will be shaping the business landscape this year

  • Monday, 21 December, 2020
    FT SeriesFuture of the City 
    Dublin-on-Thames? City leaders debate the post-Brexit future

    Top executives suggest cutting taxes, simplifying regulation and embracing fintechs and green finance

  • Monday, 21 December, 2020
    Credit Suisse Group AG
    Credit Suisse chief vows a ‘clean slate’ in 2021

    Thomas Gottstein seeks to move on from a year that began with corporate spying scandal and was punctuated by legacy issues

  • Sunday, 20 December, 2020
    The Big Read
    ‘A giant bonfire of taxpayers’ money’: fraud and the UK pandemic loan scheme

    The bounce back plan offered a lifeline to struggling companies. But more than half the £43bn lent so far could be lost

  • Friday, 18 December, 2020
    Lloyds Banking Group PLC
    Lloyds cancels staff bonuses after profits fall

    UK bank tells employees it failed to meet criteria for payouts in 2020

  • Friday, 18 December, 2020
    Barclays PLC
    Barclays retail bank chairman Ian Cheshire steps down

    UK lender appoints board member Crawford Gillies as successor to oversee coronavirus-related revamp

  • Wednesday, 16 December, 2020
    Eaton Vance Corp
    JPMorgan was losing bidder in $7bn battle for asset manager Eaton Vance

    Revelation underscores competition among banks to bolster investment management divisions

  • Saturday, 12 December, 2020
    FT SeriesFuture of the City 
    Finance jobs stayed in London after Brexit vote

    Exclusive: FT survey of banks and asset managers finds employment shift to EU is yet to happen

  • Thursday, 3 December, 2020
    Deutsche Bank AG
    Cerberus pushed to install Colm Kelleher as Deutsche Bank chair

    US buyout group tapped former Morgan Stanley president in an effort to replace Paul Achleitner

  • Wednesday, 2 December, 2020
    Brexit
    UBS chairman backs London to remain Europe’s top financial centre

    Axel Weber says fragmented regulatory regimes means continent has no viable challenger

  • Tuesday, 1 December, 2020
    Capital markets
    Bond market weaknesses need to be ‘dealt with’, says ex-BoE deputy

    Paul Tucker also tells FT summit that bankers’ remuneration is due for an ‘adjustment’

  • Tuesday, 1 December, 2020
    Credit Suisse Group AG
    Credit Suisse picks António Horta-Osório as chairman

    Appointment of outgoing Lloyds Bank chief comes as Swiss lender reveals potential $680m losses from US civil suit

  • Monday, 30 November, 2020
    Lloyds Banking Group PLC
    Lloyds picks Charlie Nunn as new chief executive

    UK bank poaches HSBC’s global head of wealth and personal banking to replace António Horta-Osório

  • Saturday, 28 November, 2020
    HSBC Holdings PLC
    HSBC considers exit from US retail banking

    Options narrow to improve performance at struggling North America business

  • Friday, 27 November, 2020
    Banco de Sabadell SA
    Spain’s BBVA and Sabadell scrap merger talks over price dispute

    Collapse presages sale of UK high street lender TSB

  • Thursday, 26 November, 2020
    Brexit
    Europe’s finance sector hits ‘peak uncertainty’ over Brexit

    City firms and regulators in the dark over future market access as talks stall

Previous You are on page 1 Next

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

FT LiveShare News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingContracts & Tenders
Executive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School Rankings
Enterprise ToolsNews feedNewslettersCurrency Converter
More from the FT Group
Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2021. 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 Companies
    • US Politics & Policy
    • US Presidential Election 2020
  • Companies
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
  • Tech
  • Markets
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
  • Climate
  • Opinion
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • 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
  • Graphics
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In