Deregulation hands top US and UK banks $1.3tn opening
Regulatory loosening has allowed countries’ banks to expand balance sheets while EU and Swiss rivals are constrained
Economic news
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Monzo spends heavily on ‘refer a friend’ rewards to boost market share
London-based fintech records ‘staggering’ increase in spending on referral fees
The UK’s best-performing bank is probably not the one you think
Shares in London-listed but Georgia-based Lion Finance have risen 800% since 2021
The energy shock is not over yet
Even with a deal to reopen the Strait of Hormuz, supplies will take time to normalise
Two LNG tankers pass through Strait of Hormuz
Another vessel carrying crude oil crossed the vital shipping lane on Saturday
Italian bank CDP to raise stake in payments group Nexi after CVC weighs bid
Cassa Depositi e Prestiti’s move comes as buyout firm had considered €9bn bid for Milan-listed group