British Finance Minister John Healey is expected to announce £20.4 billion ($27.3 billion) in further support for the state’s infrastructure bank and commercial lender in
Category: Uk
Barclays to axe 5,000 jobs in an AI-led push to save money.
Barclays said that it is eliminating about 5,000 jobs, or 5% of its staff, this year in order to reduce fixed costs and increase returns
LSEG is working on a $3.5 billion takeover of financial data firm Octus.
LSEG announced on Tuesday that it was in negotiations with Permira, a private equity firm, to acquire Octus, a financial data supplier based in New
UK PM Burnham slams Brexit for economic slump and migrant spike, eyes EU rejoin.
Prime Minister Andy Burnham reiterated his claim that Brexit has “done more harm than good” on Wednesday, saying that Britain should think about options for
UK defense goes SpaceX: $40 million invested in Musk’s Starshield network.
Despite growing European worries about reliance on U.S. security infrastructure, Britain has increased its reliance on Elon Musk’s firm for military communications by investing about
German insurer Allianz is evaluating a $6.77 billion buyout of AA, a roadside rescue giant.
Allianz, a financial services business located in Germany, is contemplating a £5 billion ($6.77 billion) takeover attempt for AA, the breakdown recovery group. Founded in
UK pushes forward with the first £10 billion low-cost housing spree.
With an emphasis on London, Britain announced intentions to spend £10 billion ($13.6 billion) on affordable housing for renters; nonetheless, its goal of providing social
Britain’s NatWest loaned NBFI Amplifi Capital £250 million before it collapsed, posing risks to the wider financial system.
In the years before its collapse last month, London-based consumer credit company Amplifi Capital received up to £250 million ($333 million) in funding from Britain’s
UK’s Metro Bank is considering a merger with rival Aldermore in a $2.7 billion deal.
In the wake of the car financing mis-selling crisis, Britain’s Metro Bank is investigating a £2 billion ($2.7 billion) merger with rival lender Aldermore, which
Bank of England says AI poses a growing threat to financial stability.
The Bank of England stated on Tuesday that investors’ large bets on artificial intelligence’s success and the technology’s increased susceptibility to hackers make it an
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