19 March

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Administrators layoff 440 workers at lender Greensill Capital – Guardian By Reuters

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(Reuters) - More than a week after Greensill Capital collapsed into administration, 440 workers have been laid off in London and Cheshire, Guardian newspaper reported https:// Grant Thornton administrators, which took over the company's operations last week, confirmed to Guardian on Friday that they had cut jobs, but were still on the lookout for a buyer that could potentially save...

19 March

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NatWest money laundering case linked to second criminal trial, prosecutors say By Reuters

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By Iain Withers LONDON (Reuters) - Criminal money laundering charges against British state-backed bank NatWest are linked to a separate case against 13 individuals based in cities across the country, prosecutors have told Reuters. Britain's financial regulator, the Financial Conduct Authority (FCA), started a criminal action against NatWest on Tuesday, making it the first bank to be charged under a 2007 money...

19 March

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Canada shares higher at close of trade; S&P/TSX Composite up 0.12% By Investing.com

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Investing.com – Canada equities were higher at the close on Friday, as gains in the Energy, Consumer Discretionary and Healthcare sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite added 0.12%. The biggest gainers of the session on the S&P/TSX Composite were Trillium Therapeutics Inc (TSX:TRIL), which rose 6.57% or 0.86 points to trade at 13.94...

19 March

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UK PM Johnson gets his first dose of AstraZeneca vaccine By Reuters

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By Andrew MacAskill LONDON (Reuters) - British Prime Minister Boris Johnson received his first dose of the AstraZeneca (NASDAQ:AZN) COVID-19 vaccine on Friday and urged the public to do the same, saying "he did not feel a thing." Johnson, 56, received his vaccine at the same hospital where almost a year ago he was put in an intensive care unit and given...

19 March

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Tesla Drops After China Bans Its Cars on Military Complexes By Investing.com

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Dhirendra Tripathi Investing.com – Tesla (NASDAQ:TSLA) shares fell 2.5% in Friday’s trade after China banned its vehicles from entering its military complexes on concerns about the cameras they carry. As per a Bloomberg report, the order issued by the military advises Tesla owners to park their cars outside of military property. In a report on the same lines, The Wall Street Journal reported...

19 March

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Ford Up on Barclays Buy Rating Citing Electric Vehicle Strategy By Investing.com

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Dhirendra Tripathi Investing.com – Ford (NYSE:F) shares rose 3% in Friday’s trade after Barclays's (NYSE:BCS) Brian Johnson called it a buy. Johnson upgraded his rating on the carmaker to overweight from equal weight with a price target of $16. Barclay’s target implies the stock could gain about 23% from the current level. According to StreetInsider, Barclays believes Ford will announce a broader dedicated battery-powered...

19 March

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Visa Drops After WSJ Says DOJ Investigating By Investing.com

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By Christiana Sciaudone Investing.com -- Visa (NYSE:V) dropped after The Wall Street Journal said it was being investigated for anticompetitive practices by the Justice Department, citing people familiar. The investigation is focused on whether Visa is engaging in anticompetitive practices in the debit-card market, specifically looking at whether Visa has limited merchants’ ability to route debit-card transactions over card networks that are often...

19 March

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UK rejected Greensill COVID support request after due process: PM’s spokesman By Reuters

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LONDON (Reuters) - Britain's finance ministry considered a request made by collapsed supply chain financier Greensill Capital for state-backed COVID-19 loan schemes but decided not to support it, a spokesman for Prime Minister Boris Johnson said on Friday. The Financial Times reported that former prime minister, David Cameron, lobbied the government to increase the company's access to the loan schemes, months before...

19 March

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Take Five: A trillion-dollar problem By Reuters

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LONDON (Reuters) - 1/ SNB CONUNDRUM It's tough being the Swiss National Bank: After months of battling safe-haven inflows, markets want to know what the SNB will do with its 914 billion-Swiss franc ($984 billion) foreign exchange pile at its March 25 meeting. With the franc depreciating 5% and 2.5% versus the dollar and the euro respectively year-to-date, there is no pressure...

19 March

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Fed’s Emergency Capital Relief For Big Banks To End This Month By Investing.com

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Dhirendra Tripathi Investing.com – The Federal Reserve’s emergency capital relief for big banks, a measure announced last year to contain the Covid-19 damage to the economy, is to end. The Federal Reserve today said the temporary change to its supplementary leverage ratio, or SLR, for bank holding companies will expire as scheduled on March 31. To ease strains in the Treasury market resulting...

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Administrators layoff 440 workers at lender Greensill Capital – Guardian By Reuters

NatWest money laundering case linked to second criminal trial, prosecutors say By Reuters

Canada shares higher at close of trade; S&P/TSX Composite up 0.12% By Investing.com

UK PM Johnson gets his first dose of AstraZeneca vaccine By Reuters

Tesla Drops After China Bans Its Cars on Military Complexes By Investing.com

Ford Up on Barclays Buy Rating Citing Electric Vehicle Strategy By Investing.com

Visa Drops After WSJ Says DOJ Investigating By Investing.com

UK rejected Greensill COVID support request after due process: PM’s spokesman By Reuters

Take Five: A trillion-dollar problem By Reuters

Fed’s Emergency Capital Relief For Big Banks To End This Month By Investing.com

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