PRESS DIGEST-Financial Times - May 23

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy. Headlines

- Prada 'optimistic' of Milan listing, heir of fashion group says - EU parliament proposes to halve payouts from MEP pension fund

- SVB's new owner First Citizens sues HSBC over hiring of bankers - Labour willing to force pension plans to invest in £50bn 'growth fund'

Overview - The heir to the Prada SPA fashion empire said rising geopolitical tensions have made a plan to list in Milan more important to maintain "bridges" between Europe and China.

- The European parliament is proposing to halve payouts from pension scheme used by almost 1,000 former and current members, including Brexiter Nigel Farage and Marine Le Pen, the French far-right leader. - The new owner of Silicon Valley Bank is suing HSBC and several former employees for more than $1 billion, claiming the group "engineered a scheme to plunder" SVB of top bankers.

- Labour is prepared to force pension funds to invest in a proposed 50 billion pounds "future growth fund", as it aims to boost available capital for fast-growing UK companies. (Compiled by Bengaluru newsroom)