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ECB to rely more on bank lending as it shrinks balance sheet – Financial Times

Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. The European Central Bank has announced one of the biggest overhauls of its relationship with the financial system in a decade, outlining plans to increase lending to commercial banks while shrinking its vast bond portfolio. ECB Board […]

Bitcoin rally pushes BlackRock ETF over $10bn in record time – Financial Times

Stay informed with free updates Just sign up for Exchange traded investment trust myFT Digest — delivered straight to your inbox. BlackRock’s Bitcoin exchange-traded fund has reached $10 billion faster than any U.S. ETF in history, boosted by a bull market that continues to send the world’s largest cryptocurrency to record heights. BlackRock’s iShares Bitcoin […]

U of Arizona president takes voluntary pay cut amid school’s financial woes

University of Arizona President Robert Robbins is taking a pay cut, but he doesn’t mind it. In fact, he asked for it. Robbins became a central figure in the school’s financial crisis. The Tucson-based university is trying to overcome a $177 million budget shortfall caused by a miscalculation of cash reserves. Cecilia Mata, incoming chair […]

Biden Won’t Hold China to Account Because of ‘Financial Entanglements’

On this week’s broadcast of FOX News Channel’s “Sunday Morning Futures,” Peter Schweitzer, director of the Government Accountability Institute and senior contributor to Breitbart News, talked about his new book. Blood Money: Why those in power turn a blind eye while China kills Americans And President Joe Biden said he would not hold China responsible […]

Mike Tyson opens school focused on financial literacy

Mike Tyson will lend his likeness to the name of a new “microschool” aimed at providing a more comprehensive education for middle school and high school students, with a focus on things like innovation and financial literacy. Tyson Transformational Technologies Academy is a new institution in Arizona for students in grades 6-12. All tuition fees […]

Bank of England appoints Clare Lombardelli as deputy governor – Financial Times

Unlock Editor’s Digest for free FT editor Roula Khalaf has chosen her favorite stories in this weekly newsletter. Claire Lombardelli, the OECD’s chief economist, has been appointed deputy governor of the Bank of England, tasked with reforming monetary policy to quell a long-anticipated rise in inflation. The former Treasury official will replace Ben Broadbent when […]