Mark Walter’s unravelling empire tests the insurance trade behind private credit’s rise
Private capital saw an opportunity to make insurance much more profitable. At what risk?
FT launches charity auction of star journalists
Bid for lunch with your favourite columnist to support the Financial Literacy and Inclusion Campaign (FT FLIC)
The financial question most couples cannot answer
There are sound reasons to rethink how couples approach investing for the future
How Germany’s doctors, lawyers and dentists got burnt by private markets bets
Questions mount over management of mandatory pension schemes for professionals worth €300bn
Trump Announces Move to Lift Ground Beef Tariffs in Bid to Lower Prices
The move prompted blowback from cattle ranchers and Republicans who represent them.
IFDP Paper: Optimal Monetary and Fiscal Policy under Limited Foresight
Martin Bodenstein and Junzhu ZhaoWe investigate Barro's random walk hypothesis according to which distortionary labor taxes should follow a random walk for any stochastic process of government expenditures, see Barro (1979). When agents experience cognitive discounting as in Gabaix (2020), they perceive government debt as wealth, and the random walk result breaks down except for knife-edge combinations of limited rationality by policymakers and the private sector.
Italy’s MPS thinks three takeovers are better than one
Crunching two banks together is challenging, and takes time; to attempt the same feat with four calls for some truly magical thinking
Apollo says hackers accessed personal data in latest Wall Street breach
Alternative asset manager’s probe determined names, home addresses and social security numbers were stolen in cyber attack last month
Citadel offloads 80% of portfolio scooped up from Situational Awareness
Ken Griffin’s hedge fund has executed more than $4bn worth of block trades in recent weeks
What is Jane Street?
The question is more important than the answer
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