The Baltimore Bridge collapse has caused two of the largest players on the Lloyd’s of London Insurance market to announce that they will be affected. Hiscox informed investors that the
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Barclay’s Gulf-based supporters are plotting to sell the Very Group, which is the last pillar in their corporate empire. The Abu Dhabi investment company that tried unsuccessfully to buy Barclays
General Catalyst, one of Silicon Valley’s largest venture capital firms, is poised to raise almost $6bn in order to invest in start-ups. This shows that the sector can still attract
In the first quarter of this year, the increased costs and competition in deposits and mortgages slashed the profits at Lloyds Banking Group. The pre-tax profit at Britain’s largest domestic
In its most recent warning, the Bank of England found that some banks were unable to quantify the exposure they have to private equity. The industry, which is worth $8tn,
After the Bank of England chief economist warned against reducing interest rates too early and said that inflation had to be squeezed from the economy, the prospects of an interest
Bank of England warns that mounting pressure on the £6.5 trillion (£6.5 billion) private equity sector could lead to a crunch, which would cause banks to suffer large losses and
Coventry Building Society made a tentative offer of £780m for the Co-operative Bank to its hedge fund owners. This could be the latest takeover among UK lenders. The offer comes
The second largest bank in America wrote off $1.5 Billion of bad loans during the first quarter of this year, due to mounting losses on credit cards as well as
Wise’s fortunes have been shattered by disappointing revenue and a slowdown in growth of the volume of transactions made on its platform. Payments company announced that their fourth-quarter revenue had
The financial crisis that has engulfed Thames Water is largely due to two Chinese state-owned banks. Bank of China and Industrial and Commercial Bank of China were among the lenders
According to the boss of one of London’s largest independent investment banks, the capital markets will be “dead”, if current trends continue. Peel Hunt’s chief executive Steven Fine said that