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Robert Smith

Capital Markets Correspondent

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  • Wednesday, 22 March, 2023
    Credit Suisse Group AG
    US bondholders prepare to sue Swiss government over $17bn Credit Suisse wipeout

    Distressed asset investor David Tepper says trust in European debt issuance at stake

  • Monday, 20 March, 2023
    Credit Suisse Group AG
    Credit Suisse promises to pay bonuses to staff despite UBS rescue

    Swiss bank had SFr360mn of contingent capital awards outstanding at the end of 2022

  • Sunday, 19 March, 2023
    Credit Suisse Group AG
    Holders of $17bn of Credit Suisse bonds wiped out under UBS takeover

    Value of risky additional tier 1 debt written down to zero in move that is expected to jolt markets

  • Friday, 17 March, 2023
    Banks
    Global banks shed $459bn in market rout as Goldman loses on rate swing

    Regulators discuss crisis with focus on Credit Suisse as March declines have mounted

  • Friday, 17 March, 2023
    SVB Financial Group
    SVB parent files for bankruptcy after bank collapse

    Company to use court-supervised process to salvage value from surviving units

  • Monday, 13 March, 2023
    News in-depthSilicon Valley Bank
    Project Yeti: How HSBC bought Silicon Valley Bank UK for £1

    Prime Minister Rishi Sunak and Bank of England raced to orchestrate a sale

  • Sunday, 12 March, 2023
    Silicon Valley Bank
    UK seeks to tap Middle East money to buy out SVB unit

    ‘Lead white knight’ eyeing British arm of tech lender that had billions in deposits

  • Saturday, 11 March, 2023
    Silicon Valley Bank
    Bank of England moves to put UK arm of Silicon Valley Bank into resolution

    British arm of California-based lender applied for £1.8bn in liquidity as its parent company collapsed

  • Friday, 10 March, 2023
    Silicon Valley Bank
    Silicon Valley Bank shut down by US banking regulators

    Tech-focused lender failed in eleventh-hour attempt to raise new capital after facing $42bn in deposit outflows

  • Friday, 10 March, 2023
    Casino Guichard-Perrachon SA
    Retailer Casino probed over alleged financial manipulation and insider trading

    Details of investigation by French prosecutor come as food retail group posts annual loss of €316mn

  • Tuesday, 7 March, 2023
    Property sector
    How a Saudi prince lost a £250mn ‘London palace’

    Deals and loans stretching back decades lie behind ‘for sale’ notice on UK capital’s most expensive home

  • Friday, 3 March, 2023
    Property sector
    Saudi owner of London’s most expensive house sued over alleged unpaid private jet bills

    Lender makes separate claim on £250mn house of Prince Khaled bin Sultan Al Saud, according to court documents

  • Tuesday, 28 February, 2023
    Credit Suisse Group AG
    Credit Suisse breached supervisory law over $10bn Greensill funds

    Swiss regulator Finma concludes two-year investigation into bank’s failings on supply chain funds

  • Monday, 27 February, 2023
    News in-depthTrafigura
    Trafigura: the 10-day unravelling of an alleged $500mn fraud

    Commodity trader alleges the ‘controlling mind’ behind nickel scheme repeatedly tried to stall for time

  • Sunday, 26 February, 2023
    Prateek Gupta
    Trafigura offered $15mn from alleged nickel fraudster using Mauritian bank

    Indian tycoon Prateek Gupta accused of ‘systematic fraud’ by world’s largest private metals trader

  • Tuesday, 21 February, 2023
    Prateek Gupta
    Mauritian regulators examine bank in wake of Trafigura nickel fraud

    Silver Bank’s shareholder has ties to alleged fraudster Prateek Gupta

  • Thursday, 16 February, 2023
    News in-depthTrafigura
    Missed signals: behind Trafigura’s $577mn loss on non-existent nickel

    Commodity trading group discovers shipments that did not contain any trace of the valuable metal

  • Tuesday, 14 February, 2023
    FT Alphaville
    How one Gupta accused of fraud knows another Gupta suspected of fraud

    The man behind Trafigura’s nickel fiasco has some interesting connections

  • Thursday, 9 February, 2023
    #techAsia
    Japan’s grounded jet dreams and Apple in India Premium content

    The inside story on the Asia tech trends that matter, from Nikkei Asia and the Financial Times

  • Tuesday, 7 February, 2023
    Industrial metals
    Customer of Gupta’s Liberty Steel falls into administration

    Businessman may step in to rescue West Midlands group as steel industry crisis deepens

  • Tuesday, 7 February, 2023
    SoftBank Group Corp
    SoftBank’s Vision Funds post $5.5bn loss as Masayoshi Son steps back from spotlight

    Billionaire founder opts out of presentation for first time in decades

  • Tuesday, 7 February, 2023
    Fund management
    Singapore’s GIC cuts exposure to H2O Asset Management

    Decision by sovereign wealth fund follows French market regulator’s fine last month

  • Sunday, 5 February, 2023
    Adani Group
    Adani ditched Big Four auditor for UK subsidiaries

    Indian conglomerate’s accounting practices have drawn scrutiny after short-selling report

  • Tuesday, 31 January, 2023
    ExplainerDue Diligence2 min
    How the buyout of Morrisons turned into a costly blunder | FT Due Diligence

    The FT’s Robert Smith explains how when market sentiment changed the deal ended up costing banks hundreds of millions of pounds

  • Tuesday, 24 January, 2023
    News in-depthNadhim Zahawi
    From Iraqi oilfields to Tory HQ: how Nadhim Zahawi mixed business and politics

    The UK Conservative party chair’s tax travails are the latest chapter in a career that has brought him great wealth

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