Credit Suisse has been fined a record £87m by the Bank of England for “extremely serious” risk management failures. The bank, which was subject to a forced takeover by Swiss rival UBS earlier this year, fell “well below” regulatory standards in its dealings with private investment firm Archegos Capital Management, officials said. Credit Suisse lost
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Japan’s largest automaker, Toyota Motor, is laying off workers in China as the company struggles to keep up in the world’s biggest EV market. Toyota lays off workers amid China’s EV transition Japanese automakers are stumbling in China’s evolving auto landscape. According to a new report from Reuters, Toyota’s joint venture with China’s Guangzhou Automobile
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Saudi football club Al Hilal have made a world record £259m bid for Paris Saint-Germain striker Kylian Mbappe. Sky Sports News reported at least five clubs have contacted the French club in recent days about signing Mbappe – with Premier League sides among those interested. The 24-year-old has been put up for sale by the French champions, who
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BBC newsreader George Alagiah has died at the age of 67, his agent has said. The Sri Lanka-born journalist – the face of BBC One’s News At Six since 2007 – was diagnosed in 2014 with stage four bowel cancer, which had spread to his liver and lymph nodes. He endured two rounds of chemotherapy
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