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
Read more at Financial Times
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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 - 8h -
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 -
Mexico’s President Pokes Fun at Trump With New Name for the U.S.
President Claudia Sheinbaum of Mexico also said Donald Trump was ill-informed when he said Mexico was “essentially run by the cartels.”The New York Times - Jan. 8 -
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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US Supreme Court upholds divest-or-ban law targeting TikTok
Unanimous decision puts future of popular video app in hands of Donald TrumpFinancial Times - 1h -
Charlwin Mao, the RedNote founder welcoming ‘TikTok refugees’
A sudden surge of US users on Xiaohongshu, also known as RedNote, could threaten China’s Great FirewallFinancial Times - 6h -
Gilts post 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 - 1h -
Wanted: a clear governing philosophy for Labour
School and workers’ rights reforms jar with the government’s stated growth missionFinancial Times - 2h -
How the bonus season now unfolds on Wall Street
The past dramas of ‘comp days’ have given way to more sanitised proceduresFinancial Times - 1h
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Hopes are high that home builders will fix America’s housing crisis. But the data tell a different story.
Construction of new homes jumped in December, but a look at 2024 overall shows builders weren’t ramping up construction despite strong demand.MarketWatch - 11m -
Trump is a ‘wild card’ for the stock market, this trader says. He’s buckling up.
Volatility is the “new norm,” market pro Jeff Bierman predicts.MarketWatch - 17m -
Top Supreme Court lawyer charged with tax evasion related to poker winnings
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How to ‘Trump-proof’ your 401(k)
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‘He’s twice mentioned divorce’: My new husband told me he’ll have $500,000 for retirement, but he’s $80,000 in debt. How do I protect myself?
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