Articles by Naomi Rovnick, Harry Robertson and Sinead Cruise

Corporate Credit Tremors in Aftershock of Tariff-Led Stock Rout

The tariff shock and recession fears that have sent world stocks into a tailspin over the last week are rolling into corporate funding markets, raising the cost of borrowing and disrupting financing plans even for lower-risk companies. With U.S. Treasuries …

Is Britain on the Cusp of Another Multibillion-Pound Consumer Finance Scandal?

The Supreme Court of the United Kingdom will on Tuesday hear arguments to overturn a judgment that could cost Britain’s financial industry billions of pounds in fresh legal costs and potential customer compensation. The Court of Appeal ruled in October …

UK Financial Watchdogs Drop Diversity and ‘Name and Shame’ Reforms

Britain’s top financial regulators have scrapped proposed new rules to boost diversity and inclusion in the industry, and mothballed a fresh crackdown on non-financial misconduct, citing fears of imposing unnecessary regulatory burdens on firms. The Prudential Regulation Authority and Financial …

Crisis-Era Regulation Has ‘Gone Too Far,’ Reeves Tells Finance Sector

Finance minister Rachel Reeves on Thursday promised a reboot of regulation governing Britain’s “crown jewel” financial industry which she said has shackled the City’s global prospects since the global financial crisis and stifled UK economic growth. According to extracts from …

Labour Win Brings Few Hopes or Fears to London’s Financial District

Labour’s landslide election win shows few signs of unsettling London’s financial heartland after the party’s lengthy pro-business overtures, though many in finance remain wary they could be targeted to prop up Britain’s stretched public finances further down the line. Under …

Women in UK Financial Services Earn One-Third Less Than Male Colleagues: Data Show

Some of Britain’s top financial firms pay women 28.8% less on average than male counterparts, salary data from 21 companies reviewed by Reuters shows, even though they say they are striving to hire more females for higher-paid, senior roles. Banks, …

‘Talking Shops’ and Too Little Action Hamper City of London Reboot: Analysis

When London’s Lord Mayor called recently for the creation of a new council to lead reform of Britain’s flagging financial services sector, a deep sense of déjà vu eclipsed the City. For many, the proposal served as a reminder of …

Greece Wildfires Raise Questions for Tourists About Their Travel Insurance Cover

Wildfires and evacuations on the Greek island of Rhodes, and a heat wave blasting much of southern Europe, have raised questions for tourists about their travel insurance coverage. As the threat of fires remains high throughout Greece and heat continues …

Parties Scrapped, Bells Toll as UK Financial Services Sector Pays Respect to the Queen

Britain’s financial industry is dialing down activities in the run-up to the funeral of Queen Elizabeth next Monday, canceling events and paring business, as a nation in mourning prepares to bid farewell to Britain’s longest-serving monarch. Post-summer parties have been …

Europe’s Banks, Insurers Prepare for Potential Winter Power Cuts, Energy Rationing

Some of Europe’s biggest banks are preparing back-up generators and to dim the lights as they brace for potential power cuts and energy rationing that threaten the money system underpinning the region’s economy. As Russia throttles gas supplies to the …