How Revolut finally gained UK regulators’ trust and secured a banking licence after a 3 year battle Our read on what it took to reach the milestone in Financial Times⁩ ⤵️ w/ ⁦Michael O'Dwyer⁩ ⁦Emma Dunkley⁩ ⁦Ivan Levingston⁩ on.ft.com/3yefPNF

Excl: investors save nearly £80bn in fees through index trackers, in another blow to funds run by managers… ft.com/content/fd8a3b…

HSBC beats profit forecasts and unveils $3bn share buyback in the last set of results for outgoing CEO Noel Quinn ft.com/content/a1fa0b… by Kaye Wiggins

“We’re topping up $NVDA. Hedge fund Elliott Management said that NVIDIA was in a “bubble” and “overhyped”. Blue Whale Growth Fund think it’s too early to call that. There are enough developments to show $GenAI is going to be game-changing.” Emma Dunkley Financial Times ft.com/content/88bd2e…

H2O Asset Management to pay investors €250mn after FCA finds ‘serious breaches’ via Financial Times After Years of digging by the brilliant ⁦Robert Smith⁩ ⁦Cynthia O’Murchú⁩ on.ft.com/4dv3pju

“Big investors' been using a plunge in global markets to snap up stocks betting that forced selling have thrown up rare bargains. Blue Whale Growth Fund had been making opportunistic purchases of $NVDA at $95 when the market opened on ‘Black Monday’.” Emma Dunkley Financial Times on.ft.com/46D0UJO

City veteran Martin Gilbert is attempting to bring on board new investors to back AssetCo, amid plans to split the asset management group’s shares ft.com/content/63b0a3…

Tired of personal finance content for women aimed at mothers and families this childless spinster rolled up her sleeves to investigate something I sort of knew but couldn't prove until now The single woman financial penalty is real Me for Investors' Chronicle investorschronicle.co.uk/content/437e03…

The final straw for apartheid South Africa was the loss of access to international finance, so this is a (potential) moment for Israel: Barclays planned to pull out of Israel’s bond auctions under activist pressure - on.ft.com/3X3lG1P via Financial Times

Excl: U.K. government plans to meet Revolut to discuss a London listing, even though the fintech has set its sights on a New York IPO ft.com/content/96a29b… with Akila Quinio

Do you have strong opinions on tipping in restaurants? Take part in the Financial Times Big Question poll. And you can also have your say on the topic in the comments section (like this FT reader): ft.com/content/1bd128…

Excl: Toscafund, founded by former Tiger hedge fund managers, has restructured and will no longer focus on financials. Johnny de la Hey, who left earlier this year, has set up a company: ft.com/content/ad12cc…

A moment for the City

"Toscafund’s retreat from focus on financials marks end of an era" (FT) "Toscafund (is) chaired by Martin Gilbert, co-founder of Aberdeen Asset Management, which became Abrdn" $ASTO $ABDN

we can reveal that ministers have dropped plans for a £5,000 “British Isa” that would have channelled savers’ cash into London-listed stocks - over concerns that it would “complicate” the investment market for individuals via Emma Dunkley & me ft.com/content/64cd3c…

SCOOP: Schroders to name CFO as next chief executive ft.com/content/b76630… via @ft by Harriet Agnew Michael O'Dwyer Owen Walker

Schroders to name finance head Richard Oldfield as its next chief executive. Scoop by Harriet Agnew Owen Walker Michael O'Dwyer ft.com/content/b76630…

TPG in talks to buy stake in second-hand fashion site Vinted at €5bn valuation ft.com/content/42ad7d… via Ivan Levingston Eric Platt Richard Milne