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FTX Trading Ltd

Bankman-Fried’s hedge fund took big hit to prop up FTX exchange

Alameda Research sustained up to $1bn loss last year when client’s trade on obscure token went sour

new

‘It just kinda went crazy’: FTX’s lavish spending highlights lack of controls

Doesn’t anyone do due diligence any more?

Brexit: Has business found its voice?

Brexit: Has business found its voice?

Editor’s picks

Incendiary claims about the UK census do not reflect reality

Data Points. Incendiary claims about the UK census do not reflect reality

John Burn-Murdoch

Military briefing: Ukraine war exposes ‘hard reality’ of west’s weapons capacity

Top stories

Live news: Ukrainian foreign diplomats receive threatening packages

Live news: Ukrainian foreign diplomats receive threatening packages

Live

Markets Briefing. Global equities slip as investors await US jobs report

3 hours ago

Javid to quit as MP at next election

UK politics & policy

Javid to quit as MP at next election

UK’s first non-white chancellor joins growing list of Tories deciding not to stand for re-election

1 hour ago

Blackstone limits withdrawals at $125bn property fund as investors rush to exit

Blackstone Group LP

Blackstone limits withdrawals at $125bn property fund as investors rush to exit

Private equity group sells stakes in Las Vegas casinos

FT Alphaville. BREITing bad

3 hours ago

UK retailer John Lewis links up with Abrdn to build homes for rent

John Lewis Partnership PLC

UK retailer John Lewis links up with Abrdn to build homes for rent

Some shops and other properties would be turned into houses as part of joint venture

Spotlight

Lunch with the FT. Afghan activist Zarifa Ghafari: ‘They sold Afghanistan to the Taliban’

The exiled politician on the ‘game’ America plays in her homeland, the ‘Taliban twilight for women’ — and the day militants tried to blow up her car

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Afghan activist Zarifa Ghafari: ‘They sold Afghanistan to the Taliban’

Wirecard trial to start: a bombproof courtroom and a CEO in the dock

Wirecard trial to start: a bombproof courtroom and a CEO in the dock

A panel of Munich judges will from Thursday begin dissecting one of the biggest frauds in German history

News

Ramaphosa’s presidency in jeopardy as South Africa’s ANC leaders meet

Ramaphosa’s presidency in jeopardy as South Africa’s ANC leaders meet

President’s future in turmoil after damning report into theft from his private game reserve

Labour calls for general election after humbling Tories in Chester

Labour Party UK

Labour calls for general election after humbling Tories in Chester

New MP says Sunak’s government is living ‘on borrowed time’, as leading pollster argues opposition is in ‘strongest position’ for a decade

2 hours ago

Inside Politics. Failing public services are not helpless — government must step up

3 hours ago

‘We can’t be complacent’: Obama rallies Democrats as they seek victory in Georgia

US midterm elections

‘We can’t be complacent’: Obama rallies Democrats as they seek victory in Georgia

Campaign of incumbent senator Raphael Warnock says Republican opponent Herschel Walker is unfit for office

2 hours ago

Most read

1

Blackstone limits withdrawals at $125bn property fund as investors rush to exit

2

The FT’s 25 most influential women of 2022

3

UK house prices fall at fastest pace since June 2020

4

Sam Bankman-Fried says he ‘never tried to commit fraud’ at FTX

5

Biden says he is prepared to speak to Putin about ending Ukraine war

UK financial regulator warns insurers over unfair payouts

Financial Conduct Authority UK

UK financial regulator warns insurers over unfair payouts

Financial Conduct Authority says it has seen evidence that cars are being undervalued

1 hour ago

Florida prepares U-turn on Disney’s ‘Don’t Say Gay’ punishment

Florida prepares U-turn on Disney’s ‘Don’t Say Gay’ punishment

Lawmakers seek compromise preserving theme park operator’s right to run private government

Finnish leader warns democratic countries against being ‘naive’ on China

Finnish leader warns democratic countries against being ‘naive’ on China

Sanna Marin says like-minded nations should cut their dependency on authoritarian regimes

‘It’s absolutely fantastic’: visiting fans shrug off Qatar negativity

‘It’s absolutely fantastic’: visiting fans shrug off Qatar negativity

Supporters look past controversies and welcome event’s compact nature and stadium alcohol ban

World Cup briefing: Germany beat a hasty exit

Intel staff in Ireland offered three months unpaid leave

Intel staff in Ireland offered three months unpaid leave

US chipmaker aims to slash costs by $3bn next year amid a sharp industry downturn

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Biden says he is prepared to speak to Putin about ending Ukraine war

Biden says he is prepared to speak to Putin about ending Ukraine war

Comments mark furthest US president has gone in expressing openness to talks with Russia’s leader

Visa executives will receive bonuses despite missing growth target

Visa executives will receive bonuses despite missing growth target

Payments company says Russia withdrawal was a factor in falling short on transactions benchmark

US jobs growth expected to have slowed again in November

US jobs growth expected to have slowed again in November

Further sign that demand for new workers is easing amid historic Fed tightening campaign

Opinion

The false promises of a bank ringfencing boom

Overhauling the regulatory regime introduced after the financial crisis has plenty of risks and few obvious benefits

The false promises of a bank ringfencing boom

Serious Money. The dark side of retail therapy

At what point does bargain hunting turn into shopping addiction?

Lex Populi. Home truths about betting shares will fall

Unhedged. Breit’s blues

Robert Armstrong

New York is staring at a dangerously divided future

Inside Business. Musk’s experiment in chaos management at Twitter 2.0

Lex. Law firm job cuts: Wall Street slump now comes for legal profession

Markets Insight. Time for a reset of the crypto opportunity

More Opinion

Markets Insight

Inside Business

UK News

‘We can’t take energy security for granted’: UK races to boost gas storage capacity

Reopening of Rough facility in North Sea part of effort to boost domestic resilience in face of Ukraine shock

‘We can’t take energy security for granted’: UK races to boost gas storage capacity

City minister insists Brexit will benefit financial services

Third of English patients waiting over 30 minutes in ambulances

Failure to meet teacher training targets set to hit English schools

Monzo chief says UK digital bank will turn a profit in 2023

UK business schools come to terms with Brexit

Scottish National party leader at Westminster to step down

Podcasts

FT Weekend podcast

FT Weekend podcast. Tracking down Nigeria’s stolen artefacts

26 min listen

FT News Briefing podcast

FT News Briefing. The corporate backlash against net zero

11 min listen

Rachman Review podcast

Rachman Review. China protests test the limits of Xi Jinping’s authority

19 min listen

Behind the Money podcast

Behind the Money. Best Of: Why VC funding is drying up

17 min listen

The best books of the week

Review. The best books of the week

Your women of 2022 — FT readers respond

Gender politics

FT Magazine. Your women of 2022 — FT readers respond

Best new album releases of the week

Review. Best new album releases of the week

The charm of second-hand gifts

Shopping and gifts

The charm of second-hand gifts

Master pâtissier Cédric Grolet talks taste

The Aesthete. Master pâtissier Cédric Grolet talks taste

Video

Has Big Oil changed? | FT Film

Energy Source18 min

Has Big Oil changed? | FT Film

19 hours ago

Manufacturing in America, post-globalisation | FT Film

Manufacturing in America, post-globalisation | FT Film

272 hours ago

Inside London's 'zero waste' restaurant | FT Food Revolution

Food & Drink13 min

Inside London's 'zero waste' restaurant | FT Food Revolution

200 hours ago

Can India adapt to extreme heat? | FT Film

Climate change18 min

Can India adapt to extreme heat? | FT Film

536 hours ago

Highlights

FT Magazine. The FT’s 25 most influential women of 2022

Written by Abigail E Disney, Jamie Lee Curtis, Marina Silva, Beth Mead, Christiane Amanpour, Marina Abramović, Nicola Sturgeon and many more

The FT’s 25 most influential women of 2022

Can Europe keep the lights on?

Mauna Loa eruption provides unique research opportunity for volcanologists

Privacy at work and the rise of the ‘quiet space’

Bracken Bower Prize. Bracken Bower Prize 2022: the finalists

Dear Jonathan. I want to quit my job and travel — will it affect my career progression?

How to Lead. Science Museum’s Ian Blatchford: ‘If the arts world is not careful, it will be eaten alive by its own piety’

Technology

Palmer Luckey’s defence start-up Anduril raises almost $1.5bn

Second-biggest venture capital round of the year in the US values company at $7bn

Palmer Luckey’s defence start-up Anduril raises almost $1.5bn

Inside the Covid revolt at the Zhengzhou ‘iPhone City’ plant

Kanye West won’t buy Parler after all following ‘mutual’ agreement

Twitter dangles incentives to try to lure advertisers

Inside Business. Musk’s experiment in chaos management at Twitter 2.0

Football’s VAR is a lesson in flawed technology

#techAsia. Sony’s Apple strategy and Jack Ma in Tokyo

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