MPs to inquire into pensions strategy behind UK market sell-off
Regulator had encouraged funds to adopt liability-driven investment in bid to mitigate risk
Retail investors warned on piling into risky alternative products
Asset managers cite pitfalls at FT conference as ‘alts’ look beyond institutions for growth
US dealmakers hope strong dollar will alleviate M&A drop
Fall in sterling and Europe’s economic problems raise prospect of cheap assets after drop in deals
UK banks set for bumper profits despite mortgage market freeze
A ‘cha-ching moment’ expected in third-quarter results as City grapples with financial crisis
A broken insurance market threatens Florida and its star governor
Devastation from Hurricane Ian presents a critical test for the ambitious Ron DeSantis
UK pension fund crisis shows there is no capitalism without capital or risk
Current turmoil is the culmination of policy mistakes made a generation ago
US settlements bare the ‘off-channel’ world of bankers
Use of WhatsApp and other messaging channels has become widespread during the pandemic
The Long Road to Driverless Trucks
Self-driving eighteen-wheelers are now on highways in states like California and Texas. But there are still human “safety drivers” behind the wheel. What will it take to get them out?
August PCE Inflation Data Shows Prices Are Stubbornly High
Inflation stayed far above the Federal Reserve’s goal in August, as prices climbed more quickly than economists expected.
Bank of England bonds rescue has two ugly implications: more inflation and an even weaker pound
With UK government bonds and sterling both falling hard in recent days, the Bank of England has been forced to step in. Only a few months after it started tightening monetary policy to fight inflation by raising benchmark interest rates and ending its programme to “create” money through quantitative easing (QE), it has made a U-turn.
It plans to create perhaps £65 billion over a two-week period to buy long-dated government bonds to shore up that market, as well as temporarily putting on hold plans to start unwinding its £838 billion of QE money. So will this work?
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