Sign up to receive FirstFT by email hereTest your knowledge with our week in news quizBarack Obama is being pressed to sack Mary Jo White, chair of the Securities and Exchange Commission and one of his most senior appointees.In a blistering letter, Senator Elizabeth Warren called on Mr Obama to use exceptional powers to eject Ms White, accusing her of standing in the way of greater corporate transparency, zeroing in on her alleged failure to develop a rule mandating the disclosure of political spending by companies — a hot issue since a loosening of restrictions on US campaign finance in 2010.Elizabeth Warren accuses Mary Jo White of 'ignoring the SEC’s core mission of investor protection' © BloombergMs Warren, known as the “scourge of Wall Street”, last month castigated former Wells Fargo chief John Stumpf for his bank’s phantom accounts scandal. A video of her grilling the banking chief went viral on the internet. Mr Stumpf resigned this week. (FT, YouTube)In the newsTech fund giant SoftBank and Saudi Arabia’s sovereign wealth fund are preparing to launch the SoftBank Vision Fund that will manage as much as 0bn, creating one of the largest tech investment funds in the world. Based in London, it will be seeded with bn from SoftBank and up to bn from Saudi Arabia’s sovereign wealth fund over the next five years.
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