Thursday newspaper round-up: Fed stress tests, Lib Dem scandal, North Sea oil
Four of the largest Wall Street banks including Goldman Sachs, JP Morgan Chase and Morgan Stanley, struggled to pass the Federal Reserve’s 2015 stress tests, wrote The Wall Street Journal. US units of Santander and Deustche Bank fell short of the requirements.
Banco Santander
€4.59
18:15 07/01/25
Deutsche Bank AG
€16.87
17:30 07/01/25
DJ EURO STOXX 50
4,986.64
23:59 06/01/25
Dow Jones I.A.
42,528.36
04:30 15/10/20
Goldman Sachs Group Inc.
$580.11
10:59 07/01/25
IBEX 35
11,811.90
18:44 07/01/25
JP Morgan Chase & Co.
$243.09
10:59 07/01/25
Morgan Stanley
$126.87
10:59 07/01/25
Xetra DAX
20,340.57
17:00 07/01/25
The Liberal Democrats were hit with a scandal on Thursday after it was revealed a key member accepted a potentially illegal donation and arranged a uncouth meeting with the chief secretary to the treasury, The Telegraph reported.
The latest North Sea oil inventory revenue data has revealed that Scotland may face a £6.6bn shortfall in the next 12 months after oil prices plummeted to $50 a barrell in 2014, wrote The Guardian.
Virgin Group and Sir Richard Branson have been taken to court for more than $300m in damages by the former chief executive of Norwegian Cruise Line over the British billionaire’s plans to enter the luxury cruise industry, The Telegraph reported.
Angela Merkel turned down president Putin’s invitation to attend a military parade in Moscow to signify the end of the second world war, reported The Times.
South Korea surprised the market early on Thursday by dropping its benchmark interest rate to 1.75% , according to the Financial Times.
A new study has claimed that taxing sugary drinks could save the NHS £300m over the course of 20 years and reduce the number of diabetes cases by 50,000, said The Guardian.