Mark Kleinman: Metro Bank’s investors deserve answers, Entain’s bad bets and John Allan’s return October 12, 2023 The must-read column from the man in the know: Sky News’s City editor Mark Kleinman Metro Bank’s investors deserve answers 2023 is turning out to be a banner year for weekend overtime at Britain’s banking regulator. After officials’ February night-shifts overseeing the rescue of Silicon Valley Bank and UBS’s emergency takeover of Swiss banking rival [...]
Metro Bank founder: I told them branches wouldn’t work 10 years ago October 12, 2023 The founder of Metro Bank claims he warned the struggling lender against its sprawling network of branches some ten years ago - but the board failed to listen.
Lloyd’s set to resist pleas for direct compensation over slavery role October 11, 2023 Lloyd's of London is resisting calls to make direct financial reparations over its role in the slave trade.
LCF ‘censured’ over minibonds as City watchdog looks to turn page on ‘unjustifiable’ scandal October 11, 2023 The FCA has censured LCF over its minibonds promotions but watchdog admits move won't provide solace to those duped by misleading promotions
‘Ready to govern’: Starmer’s conference address commended by Labour – and even one Tory MP October 10, 2023 Keir Starmer’s speech was described as “rousing” and “inspiring” by Labour conference-goers who crammed into a packed hall for his address.
Starmer vows Labour will ‘fight election on economic growth’ in glitter-hit speech October 10, 2023 Starmer said Labour would “champion the need for a competitive tax regime” and the party recognises that “private enterprise is the only way this country pays its way in the world”.
Banks to face new stress tests as Bank of England remains on the prowl for financial stability risks October 10, 2023 Regulators at the Bank of England are looking to make certain that the UK financial sector remains resilient to shocks that may arise from the rapid rise in interest rates.
Spending on restaurants and takeaways drops as Brits tighten belts ahead of Christmas October 10, 2023 September spelled further pain for restaurants and takeaways, with sales dropping as Brits cut back on eating out before the Christmas period.
LME: Hong Kong owners pledge to ‘strengthen its stewardship’ of the industry after nickel crisis October 9, 2023 The LME will ramp up its oversight of the market following last year's nickel crisis, the boss of its parent company has pledged.
Mary Portas: High streets need Labour to ‘breathe life’ back into them October 9, 2023 Retail guru Mary Portas said she is “absolutely confident” a Labour government would “breathe life” back into Britain’s high streets. The broadcaster was appointed by then-prime minister David Cameron to lead a review into the future of British high streets in 2011. But Ms Portas, who presented Mary Queen of Shops, said she has been “frustrated” by [...]