Sunday , June 4 2023


The latest  Business News: breaking personal finance, company, financial and economic news, plus insight and analysis into global markets.

Martin Lewis: ‘We must stop calling it a student loan – this is a graduate tax’

The consumer finance champion Martin Lewis has highlighted the impact of the new arrangements for student loans, saying some school-leavers may no longer consider a degree is worth the cost. “There is a fundamental misunderstanding about how student loans work, because they are demonised as debt, but under this plan …

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US banking crisis: federal body prepares to put First Republic into receivership

The US Federal Deposit Insurance Corporation (FDIC) is preparing to place First Republic under receivership, Reuters reported on Friday, as the worst banking crisis since 2008 continued to hammer mid-sized US banks. The California-based bank looks set to be the third such financial institution to collapse this year, following the …

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MPs condemn Frasers Group’s use of facial recognition cameras in stores

Almost 50 MPs and peers have written to Mike Ashley’s Frasers Group, the corporate owner of the tycoon’s retail portfolio including House of Fraser and Sports Direct, condemning the use of “live facial recognition” cameras in the group’s stores. Describing the technology as “invasive and discriminatory”, the parliamentarians, a cross-party …

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