Financial Times - Dec 12
2024-12-12
Category: economic

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- More than 10,000 UK civil service jobs to be cut
- Bank of England plans tougher liquidity rules for insurers following 'critical gaps'
- Two shareholder advisers side with Boohoo in Mike Ashley row
- UK fintech firm Stenn collapsed after Russia money laundering case drew scrutiny
Overview
- More than 10,000 UK civil service jobs are set to be cut under ministers' plans to find savings of 5% in their departments in the spending review
- Large UK life insurers using complex financial instruments to manage business risks are to face more stringent liquidity reporting rules under proposals from the Bank of England
- A second influential shareholder adviser has backed Boohoo BOOL in its battle with Mike Ashley's Frasers FRAS as the sportswear tycoon continues his pursuit of a board role at the UK fast-fashion retailer
- UK fintech Stenn collapsed into administration after a reference to the company in a U.S. criminal indictment about a Russian money laundering scheme prompted its lenders to begin probing potentially suspicious transactions