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07.02.26 - 15:45
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HSBC Encouraging Departures By Offering "Little To Zero" Bonuses For Underperformers (ZeroHedge)
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HSBC Encouraging Departures By Offering "Little To Zero" Bonuses For Underperformers
HSBC is preparing to award little or no bonuses to some bankers as it adopts a tougher, performance-driven pay model similar to its US rivals, according to Bloomberg. Underperforming staff in investment banking and wealth management — including some managing directors — may be encouraged to leave after bonuses are paid in the coming weeks, according to people familiar with the matter. Final decisions have not yet been made.
The move reflects the strategy of CEO Georges Elhedery, who has pushed to align HSBC's compensation practices with those of Wall Street firms. Since taking over in late 2024, he has led a major restructuring, shutting down much of the bank's US and European deals and equity underwriting operations and merging commercial and investment banking. Several senior executives have exited as part of the overhaul.
According to Bloomberg, HSBC said it remains committed to rewarding em...
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07.02.26 - 14:03
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Watch: Comedy Writer Testifies Before US Congress On UK′s Chilling Free Speech Crackdown (ZeroHedge)
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Watch: Comedy Writer Testifies Before US Congress On UK's Chilling Free Speech Crackdown
Authored by Steve Watson via Modernity.news,
Graham Linehan, the Irish comedy writer, testified before the US House Judiciary Committee, detailing how Britain's authorities hounded him over online posts challenging trans ideology—exposing the chilling grip of censorship under Keir Starmer's government.
His appearance underscores America's growing scrutiny of Europe's speech-stifling laws, with Linehan urging lawmakers to push back against policies that silence women and crush free expression.
The hearing, titled “Europe's Threat to American Speech and Innovation,” examined how regulations like the EU's Digital Services Act and the UK's Online Safety Act enable government overreach, forcing platforms to censor content globally and punishing dissenters. Chaired by Rep. Jim Jordan, it highlighted arrests for online speech, including Linehan's own ordeal, as threats spilling over to US shores.
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07.02.26 - 13:12
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UK electric vehicle charging firms ′seeking buyers amid rising costs and tough competition′ (The Guardian)
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Mergers and acquisitions will shrink number of operators from more than 100 to five or six, says Be.EV co-founderBritish electric charger companies are asking rivals to buy them as they run out of cash amid rising costs and intense competition, according to industry bosses.A wave of mergers and acquisitions is likely to shrink the number of charge point operators from as many as 150 to a market dominated by five or six players, said Asif Ghafoor, a co-founder of Be.EV, a charging company backed by Octopus Energy. Continue reading......
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07.02.26 - 13:12
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Post-Brexit sales of British farm products to EU fall by 37% (The Guardian)
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NFU warn it could take years to restore Brexit losses despite efforts to smooth negotiations on farming and other elements of UK-EU resetExports of British farm products to the EU have dropped almost 40% in the five years since Brexit, highlighting the trade barriers caused by the UK's divorce from the EU in 2020.Analysis of HMRC data by the National Farmers' Union shows the decline in sales of everything from British beef to cheddar cheese has dropped by 37.4% in the five years since 2019, the last full year before Brexit. Continue reading......
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07.02.26 - 12:12
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Monzo wrongly denied refunds to thousands of fraud and scam victims (The Guardian)
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Ombudsman found bank wrongly rejected 34% of complaints last year, with NatWest and HSBC close behindMonzo has wrongly denied refunds to thousands of fraud and scam victims, the Guardian can reveal.The digital-only bank wrongly rejected more than 1,000 fraud and scam complaints that were closed last year alone, according to data from the Financial Ombudsman Service (FOS). Continue reading......
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07.02.26 - 11:42
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Cost of UK pet insurance falls despite higher vet fees and inflation (The Guardian)
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Competition is driving down prices, albeit slowly, with the median lifetime cover put at £247 for dogs and £180 for cats a yearVet fees continue to rise and many other costs are on the increase, but pet insurance has on average become slightly cheaper as providers compete for custom, new research claims.The pricing data coincides with a study which found that one-third of UK pet owners don't have insurance, with cost cited as one of the biggest factors. Continue reading......
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07.02.26 - 09:18
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UK threatens to seize Russia-linked shadow fleet tanker in escalatory move (The Guardian)
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Capture of rogue ship could open a new front against Moscow at a time when Russia's oil revenues are tumblingThe UK is threatening to seize a Russia-linked shadow fleet tanker in an escalatory move that could lead to the opening up of a new front against Moscow at a time when the country's oil revenues are tumbling.British defence sources confirmed that military options to capture a rogue ship had been identified in discussions involving Nato allies – though a month has gone by since the US-led seizure of a Russian tanker in the Atlantic. Continue reading......
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