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Business
The banks exposed to a UK probe into motor finance
A probe into motor finance deals after a spike in consumer complaints has put struggling UK banks under further pressure as they prepare to make provisions for redresses that…
NYC-bound flight turns back to Canada after fire erupts in the cockpit, frantic pilot heard radioing for help
A New York City-bound flight was forced to turn around shortly after take off in Canada after a fire erupted in the cockpit, according to reports. The incident happened aboard…
Kemi Badenoch and former Post Office chair locked in war of words
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Kemi Badenoch and the former Post Office chair were…
Crypto no longer outsider at famed Miami Beach ETF conference
Crypto gets a lot of shade in traditional finance circles. Less so these days, and as a reporter on the crypto beat, one of the best examples of the mainstreaming of the…
Bayer slashes dividend by 95% as it steps up effort to cut debt
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Bayer has announced plans to slash its dividend by 95 per…
Capital One to acquire Discover Financial: report
Capital One, a Warren Buffett-backed consumer bank and credit card issuer, will acquire the credit card lender Discover Financial Services, according to a report by The Wall…
Mortgage lending to older UK borrowers slumps
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Mortgage lending to older UK borrowers slumped in the…
Commercial real estate trouble could trigger systemic credit crash, fund managers say
Fund managers are growing more worried that trouble in the commercial real estate sector could trigger a credit crisis in the U.S., according to a new Bank of America survey.…
Battered Currys is an odd candidate for a bidding war
Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.The latest instalment of “Death of a Stock Market”…
China sees surge in tourism spending during Lunar New Year, surpassing pre-COVID levels
Tourism revenues in China during the Lunar New Year holidays increased by 47.3% year-on-year, surpassing 2019 levels.The surge provides temporary relief, but sustainability is…