Three other US regulators have opened investigations into Morgan Stanley, managers plan to close or convert major US money market funds ahead of new regulations, and the European Central Bank has kept interest rates steady. In addition, the sanctioned Russian oligarch won a major victory in an EU high court.
Mentioned in this podcast:
The EU sanctions regime is in turmoil after oligarchs win legal battle
Managers are closing or transferring $220 billion in U.S. money market funds before the rules change
US allies urge Iran not to retaliate against Israel
The European Central Bank keeps interest rates at 4% in a disputed decision
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The FT News Brief is produced by Fiona Simon, Sonia Hutson, Kasia Brusalian and Mark Filippino. Additional assistance from Ethan Plotkin, Sam Giovinco, Peter Barber, Michael Lillo, David Da Silva, and Gavin Kallman. Our engineer is Monica Lopez. Topher Voorhicks is executive producer of the Financial Times. FT's Head of Global Audio is Cheryl Bromley. The show's theme song is composed by Metaphor Music.
Read the transcript of this episode on FT.com
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