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Regulators in the US and Europe are scrutinising discussions between six banks linked to Archegos Capital Management to decide whether any acted inappropriately during a recent fire sale of shares topping £20bn (£14.5bn), reports the Financial Times. Bill Hwang, founder of the hedge fund, gathered Goldman Sachs, Morgan Stanley and Wells Fargo, as well as UBS, Credit Suisse and Nomura last week in a last-ditch effort to unwind billions of dollars of market bets in an orderly manner, says the paper.

Financial Times Front Page 27th of December 2024

The Russian military has been accused of shooting down an Azerbaijani passenger aircraft, sparking controversy and tension as Western nations, including the UK and US, challenge Kremlin denials and highlight the incident’s potential breach of international security.

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Financial Times Front Page 23rd of December 2024

Nick Candy has pledged to help Reform UK disrupt the political landscape by supporting policies aimed at reducing the influence of established parties, with plans to introduce a law on fair donations and the backing of affluent supporters, positioning the party as a formidable force in upcoming elections.

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