Financial Times News Feed

Plus Korea’s rollercoaster market

But data is fun

As Iranian missiles target the UAE, wealthy people are chartering flights into Dubai to maintain their tax residency status

High street lender wants to reduce technology costs by 35% this year, internal documents show

Swiss bank to take slice of fees from private capital funds in a move raising questions about its selection decisions

Institutional clients increasingly want so-called parallel funds that exclude certain assets

US lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan says

CEO’s move comes with company’s holdings of cash and short-term Treasury bills at a record $373bn

Hedge fund seeks stake in fund that sharply limited investor redemptions in 2024 at 20% haircut

Deal is latest sign of growing ties between Wall Street and digital assets industry

London-based fintech says move influenced by Trump administration’s willingness to permit new players

Aviva and Admiral bosses predict their cover will be needed for decades

Several listed ‘business development companies’ have had to slash dividends and write down asset values

The market has not been this jittery in decades — and that was before the Middle East conflict

In a sluggish market, canny tactics can be presented as a silver bullet. In London, a below-the-radar approach continues to seduce. But the strategy has mixed results

Creditors owed more than £2bn have made allegations of fraud at insolvent business

Biggest US bank seeks to add Roosevelt Hotel to its rapidly growing Midtown campus

Regime loyalists promote idea of succession after killing of Ayatollah by Israel and US

Trump’s insistence that ‘we are not going to allow’ banks to undermine crypto legislation also boosts sector

Banco Master’s Daniel Vorcaro detained amid allegations of illegal surveillance and intimidation of critics

Case could influence wider legal questions about how long-term risks apply to fiduciary duties

Trump administration officials suspicious of standards being set for American banks by Europe-based body

Despite Vistry’s gloomy outgoing chief, easier planning rules, better affordability and possibly even state help could boost sector

Digital assets company will be able to connect directly into key parts of central bank’s infrastructure

Shipowners quoted millions of dollars in premium as brokers grapple with risk