A leading City figure whose former role involved governing the Square Mile has said Brexit could result in the loss of 75,000 jobs and up to £10bn in annual tax revenue.
Andrew Bailey’s focus last week was on high-cost credit and measures to curb the gouging of vulnerable consumers.
Women aren’t a good fit in boardrooms, most of them don’t want the hassle of a big job and they don’t understand the complex issues discussed in board meetings.
The stock market flotation of Saudi Arabia’s state oil company is likely to be delayed until next year, according to the country’s energy minister, confirming mounting speculation that the world’s biggest IPO was running behind schedule.
Deutsche Bank, Germany’s largest lender, is to cut more than 7,000 jobs globally, with its investment banking business in London likely to be hit.
Charges brought against Barclays bank over a $3bn (£2.6bn) loan made to Qatari investors have been thrown out by a court, in a major setback for the only criminal case pursued by the Serious Fraud Office (SFO) around events from the 2008 financial crisis.
The FTSE 100 soared to a new record on Monday after news of a truce in the contentious trade dispute between the US and China cheered investors and helped send the pound lower against the dollar.