Bank Asset Values in UK Face 5% Hit This Decade Amid Green Risks
Banks in the UK may be facing significant losses in the coming years as the value of their assets is eroded by nature-related shocks such as water scarcity and pollution.
Banks in the UK may be facing significant losses in the coming years as the value of their assets is eroded by nature-related shocks such as water scarcity and pollution.
The chief executive officer of London Stock Exchange Group Plc is set to join the FTSE 100’s highest paid executives after shareholders voted to more than double his maximum pay to about £13 million ($16.2 million).
Technology stocks dragged down U.S. equity futures on Thursday after a disappointing outlook from Meta Platforms Inc. cranked up the pressure on other tech giants in a high-stakes earnings week.
An audit of Zambia’s public debt found inflated costs and wasteful spending, including the government’s purchase of vastly overpriced computers and laptops for public schools that have no electricity.
Turkey’s central bank kept interest rates unchanged, pausing a month after surprising markets with a big hike and delivering additional tightening since then.
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