Financial Times Front Page 24th of October 2024
Goldman Sachs and Apple have been fined $89 million for allegedly bypassing regulatory obligations in their credit card partnership, marking a significant setback for their financial collaboration.
Goldman Sachs and Apple have been fined $89 million for allegedly bypassing regulatory obligations in their credit card partnership, marking a significant setback for their financial collaboration.
HSBC’s chief executive plans to reorganise the bank by dividing its operations between east and west, in response to increasing tensions between China and Western countries, aiming to simplify its structure and cut costs.
Businesses are facing a £5 billion annual cost as they adapt to new workers’ rights regulations, with concerns about added budget pressure and the impact on smaller companies, while unions see potential for productivity improvements.
Business and consumer unease is affecting global recovery, with doubts surrounding the US election, the Middle East, and economic forecasts from the IMF, despite generally strong economic performance.