Berkshire after Buffett? Many people are equally worried about Berkshire after Jain...

In part two of our series, Eric Platt and I lift the hood on Berkshire's insurance engine and the question of replacing a man viewed as an underwriting 'genius'
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First up in our new, Eric Platt-led series that looks ahead to Berkshire after Buffett: how do the group's key investment lieutenants rank against the world's most famous stockpicker?
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The largest western banks in Russia paid the Kremlin more than €800mn in taxes last year, a fourfold increase on prewar levels, despite promises to minimise their exposure after the invasion of Ukraine.

With Anastasia Stognei.
on.ft.com/3UBv6k3

But more productive ?
Europeans ‘less hard-working’ than Americans, says Norway oil fund boss ft.com/content/58fe78… via @ft

Private Eye's take on the Abdn corporate bullying scandal

We now have an answer to that age-old financial question 'where are the customers' yachts?'

Rich Handler is buying them!

Story from Joshua Franklin
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Own up, were you one of the 22,948 who captained, or the 914 who triple-captained Jean-Philippe Mateta for Double Gameweek 34? 😅

The Crystal Palace asset is on course to break the record for a single Gameweek score this season 🤯

#FPL #CRYNEW

The new Lloyd’s bank advert looks a bit much.

With the news that Schroders CEO Peter Harrison is to retire next year (broken by Harriet Agnew and Michael O'Dwyer), it seems a good time to share one of my favourite corporate videos of recent years, charting his first day in the job eight years ago. Enjoy!

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🚨🚨Schroders launches search for successor to CEO Peter Harrison 🚨🚨

Scoop by Harriet Agnew & Michael O'Dwyer

ft.com/content/37c1c3… via @ft

UBS ‘seriously concerned’ by Swiss capital proposals, says chair Colm Kelleher ft.com/content/be8228… via @ft

interesting, i wonder how many people would take kindly to Revolut sharing user data w/ third parties.
it wasn't that long ago that there was major backlash to Rev using data on customer spending habits for their own adverts ft.com/content/21c34a…

Slow puncture in the City after Brexit - those who predicted as much were rubbished ft.com/content/515654… via @ft

Why do water companies like Thames Water have such byzantine corporate structures?

Euan Healy and I breakdown the quirks of “whole-business securitisation”, which in the US mainly funds fast-food franchises, but in the UK underpins essential utilities ft.com/content/fbc40c…

Goldman Sachs relocates senior investment banker from London to Paris in the latest moves of its post-Brexit revamp

🇬🇧➡️🇫🇷

Story with Joshua Franklin

ft.com/content/515654… via @ft

US hedge fund Elliott Management has been buying the bonds of troubled British utility Thames Water, in a bet that markets have grown too pessimistic over the size of losses that investors may have to take on the debt

details w/ Arash Massoudi here 👇
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FT Alphaville's Louis Ashworth has been digging through the US proxy filings again .. This is superb: Meet the pest-control boss with the $140,000 dining perk
on.ft.com/4dbiTtx

And despite fascinating discussions, this will probably change nothing because, from simple regulator's point of view, we'll, the AT1 did what they had to do (even if the legal technique used was controversial.)

The world's most powerful financial regulator has held high-level meetings with bank execs, investors and ratings agencies to discuss the suitability of AT1s, the bonds that were controversially wiped out when Credit Suisse collapsed

More here 👇

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BlackRock more than tripled spending on home security for Larry Fink last year, after he became a target for “anti-woke” activists and conspiracy theorists. Nice scoop from Louis Ashworth and Brooke Masters ft.com/content/c1296b…