Author: Nathan Bissitt

Royal Bank of Scotland agreed to pay $4.9bn (£3.62bn) to settle a US Department of Justice probe into its packaging and sale of mortgage-backed securities before the 2008 financial crisis The tentative agreement means the government-owned bank would need to take a

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Almost 500 UK companies that have failed to disclose details of their gender pay gaps will face legal action. Companies that did not comply with the new requirement to report pay gap details between their male and female staff are breaking the law, the Equality and

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Funding Circle, the UK’s biggest peer-to-peer lender, will this week take another step towards a £2bn London flotation by naming its first female non-executive director. Sky News understands that the company, which is targeting a listing soon after the summer,

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Walmart is entering the Indian online market by paying $16bn (£11.8bn) for a majority stake in one of the country’s leading web-based retailers. Walmart will buy a 77% stake in Flipkart, the US retailer’s largest-ever acquisition, as it attempts to shore

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BMW has confirmed a second recall of thousands of vehicles from UK roads in just over a year, due to problems with the cars’ power supply. The German car giant said it had recalled 312,000 vehicles, including BMW 1 Series, 3 Series, the Z4 and its X1 petrol and

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The controversial former owner of Comet, the electrical goods retailer which collapsed in 2012, is among a pack of prospective buyers of Homebase, the struggling DIY chain. Sky News has learnt that Opcapita has tabled an offer for Homebase, which has been put up for

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Vodafone has agreed to buy Liberty Global’s operations in four European countries in a deal worth €18.4bn (£16.1bn). The deal sees the UK-based telecoms giant take control of cable operators in Germany, the Czech Republic, Hungary and Romania. Shares rose 1% in

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The Wall Street banking giant Goldman Sachs has agreed to buy a stake in Trussle, a UK-based online mortgage broker, underlining the growing appetite of established lenders to invest in financial technology start-ups. Sky News can reveal that Goldman’s Principal

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They sought to shake-up the UK’s banking sector and give customers a real choice from the established big four or five players – but now Britain’s ‘challenger’ banks are themselves coalescing into larger entities or being taken over. The

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The International Monetary Fund (IMF) has warned African countries are increasingly threatened by economy crippling debt, despite overall economic growth across the continent. The global financial institution says heavy borrowing and massive deficits are behind the

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