Medical supply group Medline could raise up to $7bn in public offering
Issue may be largest of the year on Wall Street and biggest listing ever by a private equity-backed company
Economic news
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US banks win back right to lend more than they should
Trump has gifted lenders the freedom to make the same mistakes again
UK financial watchdog finds no signs of insider trading around pre-Budget leaks
FCA boss criticises OBR’s decision to take down premature analysis of Rachel Reeves’ financial statement
Oil falls below $60 a barrel on hopes of Russia-Ukraine peace deal
Brent crude hits lowest intraday level for six months
US unemployment rate hits four-year high of 4.6%
Jobless level for November indicates weakening labour market