Financial Times News Feed

Headcount to be reduced following review by Ben Bernanke that highlighted under-investment in IT

Macy’s and Kohl’s generate surprisingly big chunks of their operating income from their store card businesses

UK regulator plans changes to avoid ‘information overload’ and boost investment

Evolution Capital Management must pay Robert Gagliardi $5.4mn plus interest after High Court judgment

Warren Buffett announces leadership shake-up at conglomerate

Also in today’s newsletter: China’s trade surplus hits $1tn and L’Oréal raises stake in aesthetic injectables group

Plus, bond investors sound alarm, US stocks on the rise and Münter at the Guggenheim

Paris guarded names of private banks holding world’s second biggest accumulation of immobilised Russian state funds

Alexander Wynaendts has reduced his other board commitments after investor criticism

Moves to curb proxy advisers and passive investment giants chip away at foundations of shareholder capitalism

Brazil’s Banco Master was one entrepreneur’s ticket to riches but collapsed last month amid allegations of a $2.3bn fraud

US broker will acquire two businesses to gain entry into one of Asia’s biggest markets

Europe has cards. But will it manage to play them?

Investors bet big on continent’s infrastructure spending spree as European funds raise $311bn

Russian-linked oil tankers and bulk carriers face steepest increases, broker says

Lloyds Banking Group boss Charlie Nunn tells FT summit the ‘narrative has changed significantly’

A traditional investment sector battles for a share of a rapidly changing market

Evidence suggests investor pressure was already building before his intervention

A kingpin of European finance, his competitive spirit and sincere faith in capitalism transformed the eurobond market

German lender will become largest tenant in building emblazoned with fintech’s logo

Sector overlooked as long-term asset funds sit in the spotlight

They are a price for liquidity, but a reward for your patience

The future of the centuries-old sector rests on its ability to tell a story in the digital age

The sector has been rattled by activist investors and its persistent discounts divide investors

Some fund managers see potential fallout affecting the currency’s global status from controversial plan