BUSINESS LIVE: Banks underneath stress on Natwest prosecution; Job market shrugs off finish of furlough; Royal Mail to purchase Canadian logistics agency
The profitable prosecution of Natwest over cash laundering failings will act as a stark warning to banks, in line with Metropolis attorneys.
In a case introduced by the Monetary Conduct Authority, Natwest was charged after failing to stop £365million of cash allegedly being laundered by a single buyer.
The top of the Authorities’s furlough scheme didn’t result in a major rise in job losses, figures steered yesterday, with the variety of companies planning redundancies remaining near file lows.
MPs, unions and suppose tanks had warned of a whole lot of 1000’s of redundancies when the scheme closed on the finish of September.
Royal Mail’s ground-based parcel community GLS will purchase Canada’s Rosenau Transport for $360million, because it seems to develop its freight provider companies.
GLS CEO Martin Seidenberg stated the deal would strengthen the group’s development plans.
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