let s go through the main business stories. on monday, uk prime minister borisjohnson said a planned reopening of the economy could take place in england next week, with the opening of all shops, gyms, hairdressers and outdoor hospitality areas. but he said it was too soon to say whether international summer holidays can go ahead this year, a remark that many in the travel industry have interpreted as suggesting that the planned reopening of outbound travel could be pushed back beyond may 17. the business travel association summed up the mood, describing the news as beyond disappointing. joining me now is susannah streeter, senior investment and markets analyst, hargreaves lansdown. the travel industry have been lobbying hard to get this data brought forward. it looks like there which was not granted. it certainly does seem as though caution is the name of the game here. yes, there were high hopes that actually, the global travel task force would say is it safe, certain route
US and UK regulators have imposed fines of $575 million (US$388 million) on the bank for risk management and governance failures related to the collapse of Archegos Capital Management.
The bank’s cost-cutting is more severe than Wall Street peers as Credit Suisse carves out its investment bank and absorbs losses from the Archegos and Greensill scandals.