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The Latest Breaking News from City

Kwasi Kwarteng considering removing cap on bankers’ bonuses as part of City shake-up

The cap, introduced by the EU in 2014 in response the 2008 financial crash, restricts bankers’ bonuses to twice their salary

Evening Standard

Kwasi Kwarteng planning to scrap caps on bankers’ bonuses

Critics question chancellor’s idea of abolishing rules imposed after 2008 financial crash during cost of living crisis

The Guardian - UK

Former Sky finance head Griffith appointed City minister

He replaces John Glen who formerly presided over business in the Square Mile

Evening Standard

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San Francisco faces civil rights lawsuit over woman's arrest based on DNA from her rape kit

A San Francisco woman whose DNA from a sexual assault examination was used by police five years later to arrest her in connection with an unrelated property crime, spurring a backlash and attempts to ban the practice, has filed a federal civil rights lawsuit against the city.

Los Angeles Times

Manuel Akanji sends message ahead of Borussia Dortmund game as Man City injury update issued

Your latest Manchester City news as they take on Borussia Dortmund this week and Guardiola's new signing hits back at his critics

Manchester Evening News

Former Chiefs assistant coach Reid pleads guilty in crash

Former Kansas City Chiefs assistant coach Britt Reid has pleaded guilty to driving while intoxicated resulting in serious physical injury after his truck hit two parked cars in 2021 and left a young girl with a traumatic brain injury

The Independent UK

Recession watch: Will the economy shrink this year after it grew in July? – City experts look ahead

Can the energy price cap help the stuttering UK economy avoid a full-blown recession?

Evening Standard

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Economy grows and pound rallies as City hails new stock market floats

Two new investment trusts are planning to come to market in London, after a weak run for dealmaking this year

Evening Standard

‘She offered an island of certainty and continuity’: the Queen and the City

London’s finance hub has changed enormously in 70 years, but royal relationship is woven into its fabric

The Guardian - UK

Kevin De Bruyne unfazed by attention on Erling Haaland at Man City

The Belgian playmaker has already notched up five assists in all competitions this season for Manchester City

Manchester Evening News

Joey Barton has a transfer solution just 12 miles away but it requires a reset at Bristol Rovers

Bristol Rovers manager Joey Barton has indicated wider economic factors have impacted his ability to bring players to the Memorial Stadium but is it about time the Gas started to mine a resource that has laid dormant for at least a decade now?

Bristol Post

Kwasi Kwarteng assures City of support for Bank of England independence

New chancellor promises City bosses ‘radical’ plan for economic growth and smooths over Truss’s threat to review Bank’s remit

The Guardian - UK

Downing Street’s energy bill may reach almost £200 billion say City experts

Economists across the square mile are working out how much the price freeze will cost the government

Evening Standard

City veteran steps down as CEO of Winterflood

Philip Yarrow is leaving the famous Cannon Street brokerage and will be replaced by company insider Bradley Dyer

Evening Standard

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Evening Standard

Revealed: Worst big City funds have lost £10 billion

The ten worst performing big City funds have lost investors £10 billion since Christmas, the latest blow to the reputation of the active investment sector.

The Independent UK

Newlywed accused of groping student flying back from Hawaiian honeymoon cleared

Retrial finds City analyst not guilty of sexual assault

Evening Standard

City row as investors claim Phoenix being sold on the cheap to Swiss giant

A DAVID and Goliath City battle broke out today when minority shareholders in Phoenix Global Resources vowed to fight off a £200 million takeover deal from Mercuria, a Swiss commodity behemoth with sales of $130 billion a year.

The Independent UK

Newlywed groped student as he flew back from honeymoon in Hawaii, court hears

City trader Robert Van Den Bergh allegedly stroked the woman’s thigh for up to two hours

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The Hindu

Kochi police chalk out strict traffic regulations, parking restrictions ahead of PM Modi’s visit

Police have thrown a security blanket over the City ahead of the Prime Minister’s visit

Evening Standard

Spike in credit card borrowing adds to City fears and market jitters over UK economy

Pound falls as Bank of England figures show people are leaning on their credit cards as the economy slows

Evening Standard

City workers fear job cuts as trades dry up

City Comment: Brace for Bonfire of the Bankers

The National (Scotland)

There’s no need for a national debt, now or in indy Scotland

THE City of London is home to many useful and responsible financial institutions. But this respectable facade also conceals a host of less savoury…

The Guardian - UK

City regulators clear HBOS ex-bosses of misconduct over bank’s near-collapse

Watchdogs say six-year investigation had determined no grounds for action against unnamed individuals

The Independent UK

Ex-San Francisco official sentenced to 7 years in prison

San Francisco’s former public works director was sentenced Thursday to seven years in prison for steering public contracts and taking pricey gifts in a corruption case that ensnared several City Hall officials and insiders

The Guardian - UK

Bank of England may be forced to raise interest rates to 4% in 2023

City traders bet central bank will more than double cost of borrowing to combat soaring inflation

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