Collapse of First Brands Group and Tricolor Holdings has unnerved investors
Bank makes provision for lawsuit stemming from criminal enterprise that collapsed in 2008
David Lindberg appointed chief executive of ringfenced bank
Deal comes as Hang Seng Bank has been badly exposed to the territory’s property downturn
The combination should be worthwhile if it creates cost savings
Shares fall 7% after Europe’s biggest lender says it will halt buybacks to fund buyout of majority-owned unit
Vitasoy seeks to innovate with flavours such as ‘fragrant duck poo’ to win over young consumers
Plus, the opportunistic investor buying up UK high street retailers and HSBC’s succession troubles
Succession search drags on as Mark Tucker exits for AIA
Europe’s largest lender tested a tool developed by IBM on bond market data
Watchdog previously barred bank from taking on high-risk customers over lax anti-money laundering checks
Prolonged slump in retail spending and sluggish office demand put Europe’s largest lender on notice
Lender signs 15-year lease for an office minutes from the bank’s Docklands base that it plans to vacate in 2027
But fears persist of tax raid later in the year
It may be an elegant way for the bank to start stepping back from an investment that no longer looks so compelling
US GDP grew at an annualised rate of 3% in the second quarter amid huge swings in imports
Second-quarter earnings miss forecasts as Europe’s largest bank pursues overhaul
The years of a FTSE 100 chairmanship being a nice way to avoid boredom in semi-retirement are long gone
Either governments will need to spearhead decarbonisation or markets will have to take over in the main
Plus, private capital’s next big insurance play and Wise co-founders do battle
Europe’s largest lender is looking for more names amid slow progress in replacing Sir Mark Tucker
Appeals court overturns verdict after US Supreme Court invalidated a key legal theory used to convict him
Barclays and UBS refuse to commit to Net-Zero Banking Alliance following HSBC’s exit despite softening of rules
Plus, the big potential tax break for private credit firms and the complex sport of dealmaking among Italian banks
The bank’s latest reorganisation has arguably left it with few options to boost revenue as it faces trade tariffs and lower interest rates
