Wait, how many banks were run in 2023?
To illustrate that: There are 203 banks in the S&P Total Market Index, according to FactSet. That’s less than one-tenth of the 2,151 large commercial banks as of September 30, by the Federal Reserve’s ...
Whitehall estimates child sexual abuse compensation could hit £10bn
Starmer has criticised previous Conservative government for not implementing recommendations of 2022 Jay review ...
Lloyds Banking Group’s branch shake-up fuels concern over closures and job cuts
Lloyds Banking Group will allow its Halifax, Lloyds and Bank of Scotland customers to use any of its branches across the three brands, fuelling union concerns that the UK lender is preparing to shut ...
Fed minutes confirm prospective Trump policies behind December’s hawkish pivot
Fed minutes show members began introducing assumptions on economic policies for the incoming Trump administration at the ...
Leon Black in talks about backing Dovid Efune’s Telegraph bid
Leon Black, the co-founder of Apollo Global Management, has held talks about backing the £550mn bid to buy the UK’s Telegraph ...
Federal Reserve officials saw need for ‘careful approach’ to future rate cuts
Federal Reserve officials indicated that the US central bank will have to take a “careful approach” in cutting interest rates further due to the rising risk that inflation will remain persistently ...
Has the bond market turned against Rachel Reeves?
Rising UK borrowing costs raise risk that chancellor will have to impose tighter fiscal policy as soon as March ...
The Musk threat to European democracy
Musk has succeeded, however, in setting the UK political agenda by thrusting a historical scandal, however shocking and ...
Constellation Energy in talks to buy Calpine in big US power sector deal
A deal by the Baltimore-based utility to buy Calpine would also generate a huge windfall for the company’s private equity investors Energy Capital Partners, CPP Investments and Access Industries, who ...
Disney’s Fubo settlement shows digital content is a contact sport
As for Disney, it will offer digital content through a dizzying number of venues. As well as Disney +, ordinary Hulu, new Fubo, Venu and its dedicated ESPN sports streaming service, it also sells its ...
Biggest shipping nations back flat tax on emissions
The signatories also remain far from agreeing the details of the tax, including the exact cost that shipowners should pay for every tonne of their emissions. Liberia has backed a fee of just $18.75, ...
Patrick Grant’s diary of a garden rescue
With the restoration of his Grade II-listed ‘wreck’ of a North Yorkshire cottage complete, the ‘Great British Sewing Bee’ judge sets his sights on restoring its surrounding tangle of bramble, neglecte ...