Accessibility helpSkip to navigationSkip to contentSkip 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.

Accept & continue
Manage cookies
  • Sign In
  • Subscribe
Open side navigation menuOpen search bar
Financial Times
SubscribeSign InmyFT
  • Home
  • World
    Sections
    • World Home
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
    Most Read
    • Russia to permanently ‘decouple’ with west on energy, gas producers say
    • Putin signals acceptance of Finland and Sweden joining Nato
    • New York mayor urges Jamie Dimon to ride subway to work
    • Sunak warns of ‘tough’ few months as UK inflation hits 40-year high
    • UK unemployment falls to lowest level in nearly 50 years
  • US
    Sections
    • US Home
    • US Economy
    • US Companies
    • US Politics & Policy
    Most Read
    • JPMorgan shareholders vote against Jamie Dimon’s pay
    • Elon Musk raised prospect of Twitter takeover as early as March
    • Boeing found a new headquarters. But customers fear it has ‘lost its way’
    • New York mayor urges Jamie Dimon to ride subway to work
    • US accused of undermining Taiwan defences by focusing on ‘D-day’ scenario
  • Companies
    Sections
    • Companies Home
    • Energy
    • Financials
    • Health
    • Industrials
    • Media
    • Professional Services
    • Retail & Consumer
    • Tech Sector
    • Telecoms
    • Transport
    Most Read
    • JPMorgan shareholders vote against Jamie Dimon’s pay
    • KPMG’s Carillion case should worry juniors across the City
    • Boeing found a new headquarters. But customers fear it has ‘lost its way’
    • The mauling of Tiger Global
    • Mastercard launches biometric ‘wave to pay’ programme
  • Tech
  • Markets
    Sections
    • Markets Home
    • Alphaville
    • Markets Data
    • Capital Markets
    • Commodities
    • Currencies
    • Equities
    • Fund Management
    • Trading
    • Moral Money
    • ETF Hub
    • Cryptocurrencies
    Most Read
    • US stocks suffer worst day since early months of pandemic
    • Live news updates from May 18: US stocks suffer worst day since 2020, Turkey forces Nato to postpone Nordic membership talks
    • UK regulators struggle to recruit staff for post-Brexit roles
    • Investors pull $7bn from Tether as stablecoin jitters intensify
    • The dollar’s rapid rise increases risks for global economy
  • Climate
  • Opinion
    Sections
    • Opinion Home
    • Columnists
    • The FT View
    • The Big Read
    • Lex
    • Obituaries
    • Letters
    Most Read
    • KPMG’s Carillion case should worry juniors across the City
    • Why buying a flat might not be such a good idea
    • Boris Johnson must embrace the Brexit he made
    • Beating inflation will require more than rate rises
    • A Brexit opportunity worth grasping
  • Work & Careers
    Sections
    • Work & Careers Home
    • Business School Rankings
    • Business Education
    • Entrepreneurship
    • Recruitment
    • Business Books
    • Business Travel
    Most Read
    • As a longtime trailing spouse, how do I get back into full-time work?
    • Spreadsheets are now cool, thanks to TikTok
    • Are universities suffering from management bloat?
    • “Oleg, it’s obviously great news that you have not been sanctioned”
    • Bonuses are outdated in the age of knowledge work
  • Life & Arts
    Sections
    • Life & Arts Home
    • Arts
    • Books
    • Food & Drink
    • FT Magazine
    • House & Home
    • Style
    • Travel
    • FT Globetrotter
    Most Read
    • Al desko to alfresco: three of London’s most fascinating lunch-break walks
    • Balenciaga’s trashed trainers tap into fashion controversy
    • Iced coffee – condensed
    • The thrill of city-building games — from blocked sewers to rewilding
    • Robert Armstrong is cast away in Colombia
  • How to Spend It
MenuSearch
  • Home
  • World
  • US
  • Companies
  • Tech
  • Markets
  • Climate
  • Opinion
  • Work & Careers
  • Life & Arts
  • How to Spend It
Financial Times
SubscribeSign In

Your guide to a disrupted world

Start a 4-week trial

Callum McCarthy

Add to myFT Digest

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

  • Tuesday, 13 February, 2018
    ExplainerUK banks
    Failings of RBS small-business unit laid bare

    Litany of problems at GRG chronicled in 361-page report for watchdog

  • Friday, 17 July, 2015
    Energy sector
    Former energy regulators attack proposal to cap UK energy bills

    Watchdog’s proposals criticised as detrimental to consumers

  • Tuesday, 4 December, 2012
    UK banks
    Letters come back to haunt HBOS
  • Sunday, 30 September, 2012
    Property sector
    Castle Trust eyes cash-strapped homebuyers
  • Monday, 6 February, 2012
    NotebookUK schools
    Business folk can’t resist a gong

    Cultural figures are the biggest refuseniks when it comes to honours

  • Thursday, 2 February, 2012
    European banks
    Should Greenspan be stripped of knighthood?
  • Tuesday, 31 January, 2012
    US & Canadian companies
    Scent of scandal returns to haunt JC Flowers
  • Tuesday, 31 January, 2012
    Banks
    Goodwin joins inglorious list
  • Friday, 24 June, 2011
    US downturn
    Be aware of risks of shared-equity mortgage schemes, brokers say

    Two new schemes launched to help homebuyers get onto the property ladder

  • Wednesday, 15 December, 2010
    Westminster blogJim Pickard
    Full list of new Whitehall non-execs from the business world
  • Monday, 12 July, 2010
    UK companies
    JC Flowers plans tie-up with Kent Reliance
  • Sunday, 11 April, 2010
    US & Canadian companies
    FSA probes dealings of former Flowers investor
  • Tuesday, 24 November, 2009
    US & Canadian companies
    JC Flowers hires financial heavyweights
  • Tuesday, 24 November, 2009
    FT AlphavilleGwen Robinson
    JC Flowers adds firepower in UK
  • Sunday, 22 November, 2009
    Fund management
    Distribution reform plans not enough
  • Friday, 26 June, 2009
    FT AlphavillePaul Murphy
    Duel partite regulation
  • Friday, 29 May, 2009
    Banks
    Chilling plausibility of bank’s ‘war game’
  • Tuesday, 31 March, 2009
    Banks
    Britain is not a regulatory island
  • Friday, 27 March, 2009
    News in-depthThe Big Read
    Man in the News: Mervyn King
  • Monday, 5 January, 2009
    LombardMergers & Acquisitions
    FSA’s trial and error leads to a short-selling solution
  • Thursday, 16 October, 2008
    Central bank intervention
    Turner rises to the challenge
  • Thursday, 16 October, 2008
    Climate change
    Lord Turner understands need for urgency
  • Monday, 22 September, 2008
    FT AlphavilleEquities
    Evil sellers now evil buyers
  • Friday, 19 September, 2008
    LombardEuropean banks
    The watchdog who should have barked louder
  • Tuesday, 10 June, 2008
    UK banks
    Watchdog promises action on liquidity
Previous page You are on page 1 Next page

Useful links

Support

View Site TipsHelp CentreContact UsAbout UsAccessibilitymyFT TourCareers

Legal & Privacy

Terms & ConditionsPrivacy PolicyCookiesCopyrightSlavery Statement & Policies

Services

Share News Tips SecurelyIndividual SubscriptionsGroup SubscriptionsRepublishingExecutive Job SearchAdvertise with the FTFollow the FT on TwitterFT TransactSecondary Schools

Tools

PortfolioToday's Newspaper (ePaper)Alerts HubBusiness School RankingsEnterprise ToolsNews feedNewslettersCurrency Converter

Community & Events

FT CommunityFT LiveFT ForumsFT Board DirectorBoard Director Programme

More from the FT Group

Markets data delayed by at least 15 minutes. © THE FINANCIAL TIMES LTD 2022. 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

Subscribe for full access
  • Switch to UK Edition
  • Top sections
  • Home
  • World
    • Global Economy
    • UK
    • US
    • China
    • Africa
    • Asia Pacific
    • Emerging Markets
    • Europe
    • War in Ukraine
    • Americas
    • Middle East & North Africa
    • Australia & NZ
  • US
    • US Economy
    • US Companies
    • US Politics & Policy
  • 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
    • Cryptocurrencies
  • 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
  • Lex
  • Alphaville
  • Lunch with the FT
  • FT Globetrotter
  • #techAsia
  • Moral Money
  • FTfm
  • Newsletters
  • Video
  • Podcasts
  • News feed
  • FT Community
    • FT Live
    • FT Forums
    • Board Director Programme
  • myFT
  • Portfolio
  • Today's Newspaper (ePaper)
  • Crossword
  • Our Apps
  • Help Centre
  • Subscribe
  • Sign In