CashNews.co Stay informed with free updates Simply sign up to the Financial & markets regulation myFT Digest — delivered directly to your inbox. Australia’s banking regulator has proposed that banks phase out the use of additional tier 1 bonds to meet capital requirements, highlighting concerns over the loss-absorbing instruments after the failure of Credit Suisse […]
CashNews.co Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools Global inflows into exchange traded funds are on course to surge to new record highs this year, as market volatility and a summer lull failed to damp buying in August. Investors poured a […]
CashNews.co Just months after the shocking unravelling of Silicon Valley Bank and First Republic Bank last year, Michael Barr unveiled a new set of guardrails for the US’s biggest lenders and an uncompromising defence of why they were needed. “Some industry representatives claim that inadequate capital had nothing to do with those bank failures,” the […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. As recession fears over the US economy intensify, Berkshire Hathaway’s selldown of its investment in Bank of America could be interpreted as waning confidence in the outlook for America’s second-biggest bank — and by […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. British savers have at least £430bn of excess savings sitting in cash, putting them at risk of missing out on potentially higher returns from investments, according to a new report. Research by Barclays suggests […]
CashNews.co GameStop said it would issue more shares as the US video game retailer reported falling second-quarter revenue as consumers shunned bricks-and-mortar stores in favour of online purchases. The company said on Tuesday that proceeds from the issuance of 20mn shares would be used “for general corporate purposes, which may include acquisitions and investments”. At […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. India’s Tata Group said it was “very close” to a deal that will release £500mn of UK taxpayers’ money to support greener steelmaking at its main British plant, in the first test of Labour’s […]
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The great gold roll-up has been a long time coming. Transactions in the space may have been eye-catching, such as Newmont’s $19bn bid for Newcrest last year, but they are best characterised as a […]
CashNews.co The Federal Reserve has cut a proposed increase to capital requirements for the largest US banks by more than half after a backlash from the industry and politicians. Michael Barr, the US central bank’s top regulator, announced a revised plan on Tuesday that would impose a 9 per cent rise in capital requirements on […]
CashNews.co Stay informed with free updates Simply sign up to the Fund management myFT Digest — delivered directly to your inbox. Apollo Global Management and State Street are combining forces to launch an exchange traded fund that invests in both public and private credit, in the latest effort by giant investment firms to sell alternative […]