Rishi Sunak pledges crackdown on bank ‘blacklisting’ amid Farage Coutts furore
NatWest in talks with regulators after former Ukip leader released evidence suggesting bank dropped him on political grounds
Financial & markets regulation
Goldman Sachs: pull back on owning a consumer lending business
At some point, leadership will have to decide if the bank makes another big strategic bet
Investment Banking
Rules around high-risk customers exposed by Farage’s spat with Coutts
Banks have been taking a cautious approach around ‘politically exposed persons’
Financial & markets regulation
Meta unfriends the news industry in growing rift with publishers
Facebook’s parent company downgrades current affairs on Threads app and refuses to engage with Canadian law designed to fund media groups
Social Media
Nasdaq halts plans for crypto custody service
Exchange operator cites regulatory uncertainty following crackdown by US authorities
Financial & markets regulation
Tesla chair Robyn Denholm joins Australian AI healthcare start-up
Technology veteran seen as critical in guiding Harrison.ai’s international growth in medical imaging
Artificial intelligence
Tata/JLR: battery gigafactory is a pricey trophy UK cannot do without
What the Brexit-battered car industry really needs is a giant manufacturing plant run by a market leader
Electric vehicles, Batteries
Goldman Sachs profits hit by trading slowdown and retail banking retreat
Wall Street bank suffers from dearth of deals as testing quarter is marred by several charges
Investment Banking
Microsoft and Activision Blizzard extend deadline for merger
Move gives companies more time to address regulators’ concerns about $75bn deal
Mergers & Acquisitions