5 Things You Need To Know, Today, on Monday 13th May 2019
Justin Waite
5 Things You Need To Know
05:11, 13th May 2019

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5 Things You Need To Know, Today, on Monday 13th May 2019

5. The billionaire Hinduja brothers have been named as the wealthiest people in the UK for a third time, according to the Sunday Times Rich List.

The paper estimates that Sri and Gopi Hinduja saw their fortune increase by £1.356bn in the last year to £22bn.

(Click here to read more)  

 

4. A legal duty for banks to act in the best interests of their customers may be needed, British lawmakers said today.

British lenders have paid more than 30 billion pounds since 2007 in redress to customers missold endowment mortgages, pensions and payment protection insurance.

(Click here to read more)  

 

3. Rail giant Arriva is suing the government after it lost its bid to run the East Midlands railway franchise.

The firm, owned by Germany's state-backed Deutsche Bahn, said it wanted more information on how the Department for Transport assessed the bids.

(Click here to read more)  

 

2. Metro Bank has said its plans to raise £350m to strengthen its finances are "well advanced" as it tries to quell questions over its financial health.

The bank's shares have plummeted around 75% since January when it announced it needed the money to plug a funding gap left by an accounting error.

(Click here to read more)  

 

1. U.S. stock futures and Asian shares fell today on growing anxiety over whether the United States and China will be able to salvage a trade deal, after Washington sharply hiked tariffs and Beijing vowed to retaliate.

(Click here to read more)

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