Banking

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.If “a week is a long time in politics”, as Harold Wilson, one of Keir Starmer’s few predecessors as Labour prime minister, quipped half a century ago, then a year in banking is certainly a very long time.Just 12 months ago commentators were writing admiringly of the financial services build-up that Paris had achieved at London’s expense. It was hailed as a golden period for the French capital, as President Emmanuel Macron...

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.A senior European Central Bank official has said the “remarkable” growth of private funds and other sources of finance outside the regulated banks is the biggest threat to the stability of the Eurozone’s financial system.“There are certainly caution lights in front of us,” Elizabeth McCaul, an ECB supervisory board member, told the Financial Times. “The most prevalent one is the area into which we likely have the least visibility and where things...