Tech stocks are sending a warning
Sell-off provides a reminder of the risks of the sector’s dominance in public and private markets
Financial Times
‘Radical’ property tax would hit older and wealthier people, experts warn
Replacing stamp duty with annual levy on homes over £500,000 ‘would support economic growth’ — but impact London and south-east hardest
UK lenders pull back from green mortgage market
Fall in number of deals sparks questions over market’s role in Britain’s drive to decarbonise the economy
Can you run a Premier League football club?
Step into the boardroom, navigate profit and sustainability rules and guide your club to glory
Reuniting the old crew at a new bank is tough
Hiring star bankers and letting them bring their own posse has had mixed results
JPMorgan to pay $330mn to Malaysia to settle 1MDB claims
Fraud on country’s sovereign wealth fund was one of the biggest in history
FirstFT: Powell’s moment at Jackson Hole
Also in today’s newsletter, Santander’s Wall Street ambitions and OnlyFans’ revenues surge as it explores sale
Worldline: How to make a €1.6bn overdraft disappear
An under-fire French fintech with a top-heavy capital structure
Jamie Dimon’s fortress of diamonds
Plus, Thoma Bravo’s $12bn software deal and Jefferies overhauls banker bonuses
UK banks have closed more than one in three branches over past five years
Lloyds, NatWest, Halifax and Bank of Scotland set to close another 113 branches before end of November
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