Lending institutions have misrated more than $100 billion of commercial real estate debt in an increasingly popular segment of the market, mortgage veterans say, including at least a dozen deals that maintain the highest investment grade rating even though the borrowers are in default. The questionable ratings emerge in a part of the mortgage bond … Read more
The accounting and finance professions have long adapted to technology – from calculators and spreadsheets to cloud computing. However, the rise of generative artificial intelligence presents both new challenges and opportunities for students looking to advance in the financial world. Research last year by investment bank Evercore and Visionary Future, which incubate new ventures, highlights … Read more
Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. France’s finance minister has warned that the country could face a debt crisis similar to the turmoil in the British government bond market under former Prime Minister Liz Truss if the far-right Rassemblement National wins … Read more
Image caption, Standard Chartered Bank has its head office in the City of London Item information Author, Andy Verity Role, Economics correspondent 3 hours ago A British bank that escaped prosecution for money laundering carried out billions of dollars in transactions for financiers of terrorist groups, US court papers allege. Standard Chartered, one of Britain’s … Read more