JP Morgan expects $3bn income boost from acquisition of First Republic May 22, 2023 JP Morgan predicts a $3bn boost to its interest income as a result of its acquisition of First Republic, revealing how the Wall Street giant benefitted from the regional banking crisis. According to a presentation made at its investor day, the US’s largest bank said it expects its net interest income to increase to $84bn, [...]
Train passengers could lose free wifi amid cost cuts May 22, 2023 Train passengers face losing access to free wifi under cost-saving measures. The Department for Transport (DfT), which controls the finances of most operators in England, has said it is reviewing whether the service “delivers the best possible value for money”. Most train services on Britain’s railways offer free wifi, enabling people to connect their electronic devices to the [...]
London Heathrow: Passengers will face ‘no cancellations’ during half term strikes May 22, 2023 London Heathrow airport has assured passengers not to worry about upcoming half-term strike action by security officers, stating that “no flights” will be cancelled as a result. The airport said it remained confident of its ability to handle this weeks walk-outs, having delivered “excellent passenger service throughout the previous strike periods,” with most passengers waiting [...]
Pacwest shares climb after it announces sale of £2.1bn real estate portfolio May 22, 2023 Pacwest shares rose in pre-open trading today after it confirmed the sale of a portfolio of real estate loans worth $2.6bn (£2.1bn).
If crypto is gambling, so is the existing financial system May 22, 2023 Crypto is only gambling in the same way that buying stocks and shares or even fine wines is, says Temple Melville.
Crypto is getting safer for investors, but there is still work to be done May 22, 2023 Jason Tucker-Feltham believes the UK is fast-becoming an attractive home for the crypto industry, but there's a long way to go to reach perfection.
Tesco: Outgoing chair John Allan to offload stake in mentoring firm days after quitting the supermarket May 22, 2023 Tesco chairman John Allan will reportedly sell his 20 per cent stake in a blue chip mentoring company days after he announced his departure from Britain’s biggest supermarket. The outgoing boss’ latest moves comes after he announced he’d leave Tesco amid claims that he behaved inappropriately towards women, though Tesco said it found no evidence [...]
Analysis: Is it the end of the road for Suella Braverman? May 22, 2023 Suella Braverman asked officials if she could do a ‘private’ speeding awareness course after she was caught driving too fast.
‘We need to celebrate risk’: City minister pushes for Brits to embrace investment May 22, 2023 The City minister Andrew Griffith said today the UK needs to “celebrate risk” as he called for a sweeping culture change in the way the public approaches investment.
Keir Starmer vows to ban ads for ‘harmful’ products like sugary snacks aimed at children May 22, 2023 Sir Keir Starmer has pledged to ban advertising for “harmful” products including vaping, junk food and “sugary snacks” to children if Labour is elected into power. He outlined his plans for reforms to the NHS, Labour’s third ‘mission’ for government, in a speech this morning, setting out a bid to shift to a prevention-focused approach, [...]
