The stock market’s new approach to valuation
It is demonstrating an Earnings Before Iran, Tariffs and Dubious Announcements (ebitda) mentality
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US investors boost defence exposure as global wars fuel spending boom
Trend reverses prior hesitance over arms investments because of slow growth and perceived conflict with ESG standards
Wealth advisers made more than $2bn from private capital fees
FT analysis of 16 funds shows extent of fees paid to banks and brokerages
France’s CB seeks to lead European fightback against Visa and Mastercard
Payments scheme pushes for ‘co-badging’ that allows French bank cards to run on both international and local networks
BlackRock warns of hit to European stocks from energy crisis
World’s biggest asset manager had been more bullish on the region at start of year but says stocks are no longer cheap
New kind of boom for US oil patch: Wall Street securitisation
Rising popularity of deals highlights intense investor demand for esoteric debt secured by cash flows