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...FTX collapsed in November 2022, leaving a hole in customer accounts worth billions of dollars....
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...Daves de Sousa said Angola had been required to pay in extra money when the oil price was more than $60 a barrel....
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...“We’re moving more quickly to be responsive to how quickly the market is moving,” she added....
...Ministers have committed to raising the minimum notice period that banks must give customers before closing an account from two to three months....
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...As high rates persist, more customers are moving their money out of low-interest rate checking and savings accounts and into higher-yielding products like certificates of deposit, Treasuries and money market...
...The last big merger between two banks occurred almost five years ago, when regional lender BB&T bought SunTrust for about $28bn in a $66bn deal, forming Truist....
...Last year, Michael Andrew Thomson, LCF’s former chief executive, was sentenced to a 10-month suspended jail term for breach of a restraint order placed on his bank account relating to a Serious Fraud Office...
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...But markets were surprisingly slow on the uptake....
...Nationwide said that it would make “limited workforce changes” to reduce “the size of overlapping central functions” as Virgin Money delists from the stock market....
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...The bank said that was partly because the stock market value of banks has dropped since it struck the deal....
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