Decision will spark further debate over political activism and funding for the arts
Bands threaten to pull out of events weeks after Baillie Gifford cut ties with literary festivals
The wealth of hallucinations
Actually, it’s about ethics in Taylor Swift economics journalism
Once more unto the breach
MP highlights scale of lenders’ ‘unanticipated income’ in 2023, but acknowledges some progress towards better savings rates for consumers
British bank reports 13% decline in quarterly profits but still beats analysts’ expectations
A potential failure at the UK’s biggest water provider could carry sector-wide risks, survey finds
An ‘inflection point’ approaches, says Barclays, and not the good kind
Also in today’s newsletter, new data on EU carbon emissions
Charity Commission chief says not-for-profit groups struggling with account closures amid severe pressures on sector
British Retail Consortium says consumer demand was hit by bad weather
They have a deadline to rotate into newer higher-coupon debt
Data to MPs from 8 lenders show concerns over financial crime and risk appetite among reasons for business account closures
Bank strikes deal to sell $1.1bn worth of debt to private equity firm
Plus, two credit card lenders strike a megamerger and private lending gets another thumbs up from Michael Dell
Takeover set to unite two of the US’s largest credit card companies and reshape industry
Pay for bank’s chief CS Venkatakrishnan also drops 13 per cent
Structural hedges and American dreams
Moving the deck chairs around in reorganisation will not necessarily improve profitability
Chief CS Venkatakrishnan sets out ambitious plan to boost revenue and revive bank’s depressed valuation
CS Venkatakrishnan will next week deliver the UK bank’s first major strategic update since 2016
The bank’s underperforming share price can be traced back to disastrous decisions made during and after the 2008 crisis
Bank’s 50% market value discount to book value is far greater than those for Lloyds and NatWest
Disposal is latest sign that UK supermarkets are unwinding a previous push into financial services
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