Jupiter Asset Management has sold its stake in digital bank Starling and has created a policy to stop its open-ended funds buying into private companies to reduce risks for investors.The fund group has signed a deal with institutional investors to offload its stake in Starling,…

Crypto conglomerate Digital Currency Group has begun to sell shares in several of its most prized cryptocurrency funds at a steep discount, as it seeks to raise capital to pay back creditors of its bankrupt lending arm.SoftBank-backed DCG has started to offload its holdings in…

A leading customer of Sanjeev Gupta’s Liberty Steel has fallen into administration, deepening the crisis engulfing the industry in the UK and prompting speculation the industrialist may step in to rescue the business. Aartee Bright Bar, which is owned by Ravi Trehan, a close associate…

The writer is an FT contributing editor and global chief economist at Kroll It’s Groundhog Day again for US debt limit silliness. But unlike the Bill Murray film, this is no comedy. The US faces a needless, self-inflicted financial mess that could drag on the global…

BP’s Bernard Looney claims he is “leaning in” on his renewables strategy. Lean too far, and a person can end up staggering. Energy prices soared last year. But the shares of the UK-listed oil major trail far behind those of US rivals ExxonMobil and Chevron,…

Investors who believe that members of the US Congress have access to information that could give them a trading advantage can now trade two exchange traded funds that follow members’ stock transactions.Subversive Capital Advisor, an asset manager, and Unusual Whales, an option flow platform and…