Country’s two biggest supermarket operators suffer a potentially fatal blow in their efforts to consolidate
Breakdown of traditional apprenticeship model has ramifications on accounting firms’ culture, says PCAOB head
Ashley Alder underlines danger of pursuing a US-led ‘deregulation agenda’
A growing market for credit risk transfers is drawing a debate over potential hazards and benefits
President-elect also names Gail Slater to run the antitrust unit at the justice department
Three US life insurers in ‘hazardous financial condition’ after sports buying spree unravels
Threat to accounting board is greatest since it was created in the wake of the Enron audit scandal, accounting veterans say
Business and financial interests will be hard to disentangle from government in new administration, critics charge
Gail Slater is ally of JD Vance who had also been in running to chair Federal Trade Commission
Regulator had pushed through a blizzard of new rules during his tenure
Software maker turned crypto investor increases size of convertible bond offering to $2.6bn
Move by famously secretive hedge fund follows others in rushing to ink deals with big names in alternative assets
Much of the increase has been in equities but exposure to structured credit has been growing as well
Ken Griffin’s Citadel Securities is among those challenging the US market surveillance system
Donald Trump also selects lawyers from criminal cases for other high-level posts in his administration
FT journalists responded to readers’ queries on how the global economy might change under the incoming president
Contenders for prime slots include a top aide to JD Vance and several former Department of Justice lawyers
Debt bankers forecast to make biggest gains as finance industry recovers from two-year lull
Bankers are cheering the prospects for a lighter regulatory touch, but guardrails do benefit their industry
Plus, Berkshire Hathaway’s cash pile reaches unprecedented heights and billionaire Scott Bessent jockeys for Treasury secretary role
Analysts and investors warn tension between different aspects of president-elect’s policy add to risks of a reversal
Plus, Democratic megadonors reflect on what went wrong and how Elon Musk positioned himself for political triumph
Bankers, private equity executives and money managers anticipate change in personnel and tone
FinReg FUBAR
Finance industry steps up effort to further undermine Basel III endgame after winning major concessions on terms
