5 Things You Need To Know, Today, on Wednesday 3rd May 2023
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5 Things You Need To Know, Today, on Wednesday 3rd May 2023
5. Indian budget airline Go First has cancelled all of its flights for the next three days after filing for bankruptcy protection but the carrier says "a full refund will be issued" to affected customers.
It is the first major airline in the country to file for bankruptcy since Jet Airways went bust in 2019.
4. Shares in several regional banks in the US have dropped sharply, as investors fear the banking crisis that has gripped financial markets is not over.
The falls come a day after the collapse of First Republic, which was seized by regulators and sold after worried customers withdrew more than $100bn.
3. Shared banking hubs should be opened more quickly to help those who feel uncomfortable managing their finances online, a charity has said.
Age UK said many people who were older or on lower incomes wanted to interact in person when dealing with money with its survey suggesting that 27% of over-65s and 58% of over-85s relied on face-to-face banking.
2. made profits of $5bn (£4bn) in the first quarter of the year, $700m (£561m) higher than financial analysts had forecast.
Underlying replacement cost profit between January and March compared to $6.2bn (£5bn) in the same period last year but $4.8bn (£3.9bn) achieved in the previous three months.
1. The UK financial watchdog will announce plans to change the rules on bringing companies into public ownership after a series of high profile businesses snubbed the London Stock Exchange.
The Financial Conduct Authority (FCA) will today publish proposed changes to rules on listing companies on the London Stock Exchange.
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