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Day of ‘embarrassment’ for UK banks wipes £6.2bn off their shares

Shares in the UK’s major banks fell 5.1 per cent in a torrid day on the markets

Lord Mayor’s Show cancelled for first time in more than 160 years due to pandemic

The news of the cancellation comes as the government mulls over new restrictions as cases rise

UK Covid-19 alert level raised to level four as fears grow of second lockdown

Prime minister Boris Johnson is giving a statement on the UK's coronavirus plan on 22 September

Mark Mobius warns on the biggest threat facing stock markets right now

The stance governments take on the rise in virus cases will be make or break for global stock markets and the economy

Regulator alleges KPMG made breaches in its Carillion audits

Carillion collapsed in 2018 triggering a series of probes into the audit sector

HSBC and Deutsche get bad headlines, but regulators will probably shrug

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These embarrassing leaks highlight the inadequacy of the response by banks and governments to this flood of dirty money. Whether it provides much fresh evidence of the failings of individual banks is much less clear

El-Erian: Covid-testing capacity crunch is a ‘wake up call’

El-Erian warned that the UK's coronavirus testing system was getting overwhelmed

Finance workers rush to get private Covid tests as second wave looms

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London finance workers are spending hundreds of pounds on Covid-19 tests offered by private doctors across the Square Mile

JPMorgan says no need for broad lockdowns as UK mulls ramping up restrictions

Chief European Economist David Mackie said that while some restrictions should remain in place, 'there is no need for a broad-based lockdown of the economy and society, as occurred in the spring'

Goldman Sachs names Sorrell, Feldgoise global heads of M&A in latest shake-up

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Mark Sorrell, who has previously led its UK investment bank and European M&A business, has been promoted to lead Goldman's global M&A unit alongside New York-based Stephan Feldgoise, said a 21 September memo

The stocks set to rally after a virus vaccine discovery, according to Goldman Sachs

The bank says value shares will rise the most if a coronavirus vaccine is identified

UK may face 50,000 daily virus cases by mid-October, chief scientific advisers warn

‘The trend in the UK is heading in the wrong direction,’ said chief medical officer Chris Whitty

Global GDP will return to pre-pandemic levels by mid-2021, according to Deutsche Bank

In its revised global outlook, the lender's economists also warned that the increase in public debt could precipitate another financial crisis

Funds dealmaker Jon Little wins backer for new venture Alderwood

Victory, which manages $137bn, is investing an undisclosed amount in Alderwood for a 15% stake in the company

Spencer-backed bond fintech adds R3’s Rutter as a shareholder

Founders and backers say Covid crisis has accelerated the need and readiness for online tech in automating the bond markets

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