Barclays chief CS Venkat: ‘We are creating a simpler, better, more balanced bank’ February 20, 2024 Barclays chief executive CS "Venkat" Venkatakrishnan has announced that the bank will become "simpler, better and more balanced" in a much-anticipated update on its restructuring plans.
UK border chief warns London City Airport is gateway to ‘high-risk’ private jet arrivals in Britain February 20, 2024 "High-risk" passengers arriving in Britain on private jets are slipping into the country without security checks via London City Airport, the chief inspector of borders and immigration has warned.
Distressed commercial real estate debt outweighs reserves at six biggest US banks February 20, 2024 Commercial real estate has been an area of concern in the US for the last few years with the pandemic and the rise of flexible working denting office valuations.
Challenger Monzo to cement £4bn valuation in new funding round February 20, 2024 The challenger bank could finalise a deal by the end of the month to raise as much as £350m of capital, people familiar with the matter told the FT.
Mobico: National Express owner’s shares crater as results delayed amid review into audits February 20, 2024 Mobico's shares crashed this morning after it announced reviews into audits of its German rail segment would delay publication of its financial results.
Scottish affordable house builder Springfield Properties latest to feel the pain of property slowdown February 20, 2024 A Scottish house building company is one of the latest to be financially bruised by last year’s slowdown in property sales.
Kemi Badenoch stand-off with ex-Post Office boss escalates as he defends interview branded ‘full of lies’ February 20, 2024 The article suggests he was told by a top civil servant to stall "compensation payments to Horizon victims so the government could “limp into the election” with the lowest possible financial liability."
Petra Diamonds predicts slow recovery in diamond prices February 20, 2024 The average realised price per carat for the six months came in at $113 per carat (£90), in line with prices in the first half of the year but down 29 per cent from the second half of 2022.
Capital One announces tie-up with Discover in $35.3bn deal creating payments giant February 20, 2024 "Our acquisition of Discover is a singular opportunity to bring together two very successful companies with complementary capabilities and franchises," said Richard Fairbank, founder, chairman and chief executive officer of Capital One said.
Lok’n Store’s development pipeline grows as company seeks to capitalise on demand for self-storage February 20, 2024 A publicly listed self storage company is close to opening its biggest store to date in Barking, Greater London.
