Andrea Orcel’s €100m compensation claim from Santander is absurd

When the bank declined to appoint him chief, did his lawyer say: ‘Think of a number and multiply it by 10’?Think of a large round number and multiply it by 10. This, one must assume, was the legal advice offered to Andrea Orcel as he pondered how much …

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UK recession fears mount after worst month for companies since 2016 – business live

Data firm Markit warns that UK private sector weakened in June, suggesting the economy may have contracted in April-JuneFull details: Grim PMIs in JuneLatest: UK private sector suffers worst downturn since 2016Economists: UK GDP probably contracted in …

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Funding Circle bins the boasts as Brexit bites

Lending platform’s revenue growth forecasts have halved as demand for small business loans dries upHelp your business fly, say the TV ads for Funding Circle. As if to show what’s possible, the online lending platform had itself valued at a remarkable £…

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Why Facebook’s Libra currency gets the thumbs down | Joseph Stiglitz

Only a fool would trust Facebook with their financial wellbeing. But maybe that’s the point of the Libra currencyFacebook and some of its corporate allies have decided that what the world really needs is another cryptocurrency, and that launching one i…

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