The mixed scorecard of HSBC’s Mark Tucker
As chair he has seen CEOs come and go but a share price that is back to where he started
Have you sold your property ‘off market’?
FT Money wants to hear about your experiences
Private equity firms step up plans to edge banks out of low-risk lending
Apollo issues record $40bn of loans in the first quarter, mirroring growth at rivals including KKR and Blackstone
‘Jeremy Hunt is probably right to oppose the finance watchdog’s plans to name and shame firms under investigation’ – expert Q&A
The UK banking regulator, the Financial Conduct Authority (FCA), finds itself in a public row with the government and many City grandees over its proposals to name and shame firms that are being investigated for breaking financial rules. Chancellor Jeremy Hunt has called on the FCA to scrap its plans, putting the regulator in the uncomfortable position of having to either climb down or double down.
SEC shuts down Trump Media auditor over ‘massive fraud’
BF Borgers ran ‘sham audit mill’ whose work affects more than 1,500 corporate filings, US financial regulator says
OK maybe Trump Media’s auditor is really bad at a lot of things
The bell tolls for Big Ben
FEDS Paper: Government Debt, Limited Foresight, and Longer-term Interest Rates
Christopher Gust and Arsenios SkaperdasWe study the relationship between government debt and interest rates in an environment where financial market participants have limited foresight about the future path of government debt. We show that limited foresight substantially attenuates estimates of the effect of government debt on longer-term yields relative to the benchmark of rational expectations often used in empirical analysis.
FEDS Paper: Manufacturing Sentiment: Forecasting Industrial Production with Text Analysis
Tomaz Cajner, Leland D. Crane, Christopher Kurz, Norman Morin, Paul E. Soto, Betsy VrankovichThis paper examines the link between industrial production and the sentiment expressed in natural language survey responses from U.S.
Former Merrill Lynch banker named in Segantii Capital insider dealing case
Hong Kong has brought criminal proceedings against the hedge fund and its founder Simon Sadler
SocGen defends risk controls after unauthorised trading incident
French bank reports smaller than expected drop in profit after strong performance in equities trading
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