Bank of England delays new capital rules ahead of Trump presidency
Officials push back implementation of new Basel regime until 2027 as they await clarity on US approach
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The U.K. again delays key banking rule, saying it will wait for U.S. to decide first
The Bank of England on Friday said it will delay key rules on bank capital for a year while the U.S. decides what to do, a sign of how the incoming Trump administration will impact financial ...MarketWatch - 4h -
Wall Street looks forward to a bonfire of capital and climate rules under Trump
Profits are poised to dominate in a new era shorn of years of hard-won regulatory restrictions. When some of the biggest banks on Wall Street reveal their full-year earnings this week, they will ...The Guardian - 6d -
SEIU Joins Forces With AFL-CIO Ahead of New Trump Era
A marriage between the service employees union and the A.F.L.-C.I.O. could better equip organized labor to deal with a less-friendly administration.The New York Times - Jan. 9 -
Bank of England to relax rules for banks and insurers
PRA’s Sam Woods says burden can be eased without ‘race to the bottom’ on financial regulationFinancial Times - Jan. 8 -
Durbin asks DOJ to clarify scope of president’s military power ahead of Trump inauguration
Sen. Dick Durbin (D-Ill.), the top Democrat on the Senate Judiciary Committee, is urging the Department of Justice (DOJ) to rescind a number of internal opinions dealing with a president’s military ...The Hill - Jan. 7 -
Biden blocks some new offshore drilling ahead of Trump takeover
President Biden has blocked new offshore drilling for oil and gas in several parts of the country about two weeks before President-elect Trump takes office. Biden has announced that he’ll block ...The Hill - Jan. 6 -
Ambulance handover delays in England may harm 1,000 patients a day
Exclusive: 414,137 people believed to have experienced some level of harm in last year, Guardian analysis finds. More than 1,000 patients a day in England are suffering “potential harm” because of ...The Guardian - Jan. 5 -
Nick Clegg leaves Meta ahead of Trump's return as US president
He will be replaced by Republican Joel Kaplan, a former White House deputy chief of staff under President Bush.BBC News - Jan. 3
More from Financial Times
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Starmer touts relationship with Trump as he seeks US-UK trade deal
Interview: PM says tariffs ‘aren’t in anybody’s interests’ ahead of president-elect’s inauguration on MondayFinancial Times - 3h -
Gilts set for best week since July after run of poor economic data
Investors increase bets the Bank of England will be more aggressive in cutting rates as FTSE 100 hits record highFinancial Times - 20m -
How Bidenomics boosted growth but failed Americans
The US economy outperformed its global peers but left citizens feeling worse off, leading many to turn to Donald TrumpFinancial Times - 3h -
The bond markets vs Donald Trump
There is a notable — and rising — risk of financial turmoil if the new White House does anything to spook investorsFinancial Times - 3h -
UK to raise price of travel permits for EU visitors by 60%
Increase aims to reduce reliance of migration and borders system on taxpayer funding, says Home OfficeFinancial Times - 3h
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Trump and China's Xi discuss TikTok, trade, fentanyl, president-elect says
President-elect Donald Trump said he spoke on the phone with Chinese President Xi Jinping about TikTok, fentanyl, trade and more.CNBC - 2m -
Bumble founder Whitney Wolfe Herd to return as CEO
Bumble founder Whitney Wolfe Herd is returning to the company as CEO in mid-March.CNBC - 4m -
U.S. economy poised to lead the global pack in 2025, IMF says. Here’s why.
The U.S. economy has separated itself from the global pack — and its lead could widen in the new year.MarketWatch - 8m -
Treasury yields hold steady as traders turn to inauguration of Trump on Monday
Yields on U.S. government debt turned mixed Friday morning, with little on the data docket to affect market participants’ thinking and attention turning to Monday’s inauguration of incoming ...MarketWatch - 18m -
Goldman Sachs hands CEO David Solomon $80mn retention award
Wall Street executive’s 2024 salary also boosted 26 per cent to $39mnFinancial Times - 18m