The Times 13/2 | Vox Markets

The Times 13/2

The head of risk at Metro Bank (MTRO) is leaving as part of a revamp of the lender after an accounting scandal and share price crash. Aileen Gillan, Metro’s chief risk officer since 2013, will depart at the end of the month

Petrol and diesel car ban could be brought forward to 2032. The sale of new petrol, diesel and hybrid cars could be banned in just 12 years under new government plans.

BP (BP.) has vowed to reduce the carbon footprint of the oil and gas it produces to “net zero” by 2050 in a radical pledge to tackle climate change.

Softbank saw its profits all but disappear after losing £1.6 billion on a string of ill-judged bets on startups, from the shared office space provider Wework to the dog-walking app Wag.

A leading credit rating agency has said that the coronavirus outbreak will knock up to 0.2 percentage points off UK and eurozone growth this year as business investment and exports to China are hit.


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