Another bad day for Barclays but it’s Staley’s shadow that looms March 28, 2022 No conspiracy, just cock-up. That seems to be the conclusion to draw from Barclays’ statement yesterday that it had managed to overshoot its regulator-agreed limits with all the reckless abandon of a student enjoying the first week of university. In this case it was the selling of complex securities rather than discount vodka shots, but [...]
Second P&O ferry grounded following sackings row March 28, 2022 Another P&O ship is being detained as the ferry firm rides of the waves of the ongoing sackings scandal, which saw the firm replace 800 seafarers with lower-paid crew. As reported by Sky News this evening, The Maritime and Coastguard Agency (MCA) said earlier in the day that the Pride of Kent was undergoing checks [...]
Credit Suisse slashes Russian exposure as lawmakers probe sanction compliance March 28, 2022 Scandal-stricken bank Credit Suisse has announced it will stop pursuing new business in Russia and slash its current exposure to the country, as it comes under fire from US lawmakers over potential breaches of sanctions rules.
RML Short Wheelbase review: a supercar with soul March 28, 2022 The RML Short Wheelbase combines classic styling with modern comfort and tech. Not forgetting a naturally aspirated Ferrari V12 engine...
Seeds of progress in Russia-Ukraine peace talks partly offset China slowdown fears in City March 28, 2022 Seeds of progress in peace talks between Russia and Ukraine were enough to partially offset concerns about a looming slowdown in the Chinese economy in the City yesterday. The capital’s premier FTSE 100 index edged down 0.14 per cent to 7,473.14 points, while the domestically-focused mid-cap FTSE 250 index, which is more aligned with the [...]
Crypto fraud soars as ‘amateur’ investors flood market March 28, 2022 Reports of crypto fraud are surging with the figure reaching almost 10,000 last year amid an explosion of interest in digital assets.
Fears crypto is used to avoid sanctions ‘misplaced,’ says Hancock March 28, 2022 Matt Hancock has swooped to the defence of crypto amid concerns digital assets are allowing Russians to circumvent sanctions.
Roman Abramovich ‘poisoned’ during Russia-Ukraine peace talks March 28, 2022 Chelsea owner Roman Abramovich reportedly suffered the symptoms of poisoning when he attended peace negotiations between Russia and Ukraine.
Russia-Ukraine war has made it nearly impossible for BoE to forecast UK economy, warns governor Bailey March 28, 2022 Uncertainty about how the Russia-Ukraine war will develop has made it nearly impossible for the Bank of England to chart the trajectory of the UK economy, the Bank’s governor warned today. A lack of information on the Kremlin’s next moves in their assault on Ukraine has made it harder to forecast the direction of the [...]
The City View: Andrew Bailey’s energy shock warning, and farming shortages March 28, 2022 Today Andy Silvester chats to City A.M. reporters Elena Siniscalco and Jack Barnett. Jack discusses Andrew Bailey’s comments warning of the current energy shock being worse than that of the 1970s, and goes through Rishi Sunak’s somewhat incongruous remarks today at a Treasury Select Committee. Elena outlines the myriad of problems affecting farmers, supply chains, [...]
