The UK's energy partner.

Learn more at equinore.

Good morning from the newsroom of the Financial Times.

Today is Friday, December 20th. Good morning from the newsroom of the Financial Times.

Today is Friday, December 20th, and this is your FT news briefing.

After months of delay, the Bank of England has a new governor. Republicans accused Democrats of getting cold feet

on the impeachment of Donald Trump and the co-founder of Uber is selling out of the company.

Plus the F.T.'s Jennifer Oblon explains why investors are now flocking to some of the riskiest

debt in the U.S. market.

I'm Mark Filipino, and here's the news you need to start your day.

The search for the next governor of the Bank of England is over.

The F.T. reports that Andrew Bailey will secede Mark Carney and the top job at the Central Bank.

Mr Bailey currently runs the Financial Conduct Authority and is a former deputy governor of the

BOE. But he wasn't always a shoe-in for the job. Over the past year his reputation has been

hit by the way the FCA handled a series of financial scandals. The decision over the new BE governor has been repeatedly delayed due to Brexit and the UK election.

Mr Bailey is expected to take over from Mr. Carney in February.

Now that the U.S. House of Representatives has impeached President Donald Trump, the next big

question is when the Senate will hold its trial.

It was originally expected that it would start in January,

but Democratic House Speaker Nancy Pelosi won't say when she'll send the Articles of impeachment over to the Senate.

This must happen before the trial can start.

The delay is a tactic to pressure Republicans on the process for the trial.

...