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Covid-19 could cause higher bank losses on unsecured debt than on mortgages with implications for financial stability, the Bank of England said.
Rolls-Royce shares fell to a new 17-year low as speculation mounted about the size and structure of the company's likely capital raising.
Walmart has chosen buyout firm TDR Capital and the billionaire brothers who founded the EG petrol station business as joint preferred bidders to buy Asda, the Financial Times reported.
Virgin Money has appointed its corporate development director as interim chief financial officer as current CFO Ian Smith prepares to leave the bank.
JP Morgan cut its price target for Rolls-Royce shares for the second time in a month and warned the troubled engine maker needs at least £6bn of new equity.
A disputed US presidential election has outstripped Covid-19 to be the biggest concern for investors, according to a survey.
US President Donald Trump paid just $750 in federal income taxes in 2016 and 2017 and in many years paid none at all, the New York Times reported after obtaining tax return information Trump has withheld.
Profits in China's industrial sector rose for the fourth month running in August as factories continued to recover from the Covid-19 shutdown.
Diageo said it made a good start to the current financial year as the drinks company's US business beat expectations.