Hedge fund of investor who inspired The Big Short takes position on Barclays

Neuberger Berman bet worth £348,000 adds to positions against Lloyds and RBSThe American hedge fund of the investor immortalised in the Oscar-winning Hollywood film The Big Short has made a bet that the share price of the British bank Barclays will fal…

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The welcome sight of banks rowing back on executive pensions | Nils Pratley

HSBC and Lloyds are showing the way, but it’s still one rule for bosses and another for staffAt HSBC and Lloyds in the past week, we’ve been treated to a rare sight: boards deciding not to defend the indefensible on executive pay. The issue has been ex…

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Sainsbury’s £1bn reveal is unlikely to move the competition authority | Nils Pratley

The supermarket’s merger with Asda would permanently reshape the UK grocery marketSainsbury’s pitch to the Competition and Markets Authority didn’t work the first time, so here comes chief executive Mike Coupe with another plea. His big reveal was a fi…

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UK bankers on standby as City readies no-deal contingency plans

JP Morgan and Goldman Sachs poised to move staff to EU offices by 29 MarchHundreds of UK bankers at JP Morgan and dozens from Goldman Sachs are on standby for relocation to EU offices by 29 March, regardless of Parliament’s vote to delay Brexit.The exo…

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UK banks hit daily by IT failures halting payments, says Which?

Six of the biggest British banks found to suffer at least one major glitch every two weeksBritish banks are being hit by IT or security failures that prevent customers from making payments at an average rate of more than once a day, according to Which?…

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