Italy’s Monte dei Paschi sale sparks EU scrutiny after global investors sidelined
UniCredit, Norway’s oil fund and BlackRock were among investors wanting shares in process run by small local bank
UK
The dangers of stablecoins
They are no substitute for money, even if usage is growing fast
Stablecoins ‘perform poorly’ as money, central banks warn
BIS says they fail crucial tests for a sound currency and are exploited by criminals
Adani announces up to $100bn investment and shrugs off US charges
Indian tycoon tells conglomerate’s annual meeting that governance meets global standards
‘Tiger-fighting’ anti-graft official takes helm at China-backed AIIB
Former anti-corruption official Zou Jiayi will lead Beijing’s answer to the World Bank
Revolut takes more than one leaf out of Tesla’s book
Challenger bank’s ambition might seem delusional but stranger things have happened
US Congress plots big tax cut for private credit investors
Deal under consideration would limit taxes on dividends even as spending plan deepens debt and cuts programmes for poor
IBM Consulting hires EY veteran Andy Baldwin
British consulting executive swaps Big Four for Big Blue
I’ve studied faiths and cultures around the world. Here’s how finance can be made more inclusive and sustainable
Krailath/ShutterstockFinancial products are becoming increasingly sophisticated – as are the frauds associated with things like crypto, hacking and digital robbery. Many people are already overwhelmed by financial matters, and being unable to manage money can lead to mental health problems.
Wall Street should heed the signal from Mamdani’s mayoral race
The socialist running to be a New York mayoral candidate raises questions for financiers on issues such as tax
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