Banking

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Standard Chartered chief Bill Winters has praised the “serious” new Labour government in an early sign that the party is winning over senior UK business figures in its first weeks in office.The bank chief said the Labour party, which returned to power this month after 14 years of Conservative rule, had shown clear signs that it was “supportive of business”.“It’s a serious government and they’ve set out serious statements and platforms,” Winters...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The writer is deputy governor of the Bank of England for financial stabilityIt’s easy to think — as we’ve moved over my lifetime from paying with cheques to smartphones, and to settling large value payments in real time through the Bank of England — that payments in the UK are safe, easy and efficient.  They are, but that does not mean things cannot be made better. In countries such as India, Brazil and...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Hungary’s recent decision to ease visa restrictions for Russian visitors is an open door to spies and EU leaders should take urgent countermeasures, the bloc’s biggest political party has said.Manfred Weber, chair of the European People’s party, in a letter seen by the Financial Times said the move would allow unvetted Russians to travel through much of the EU unhindered and raised “serious national security concerns”.Weber has written to European Council president...