

Mortgage-backed securities, options pricing, credit risk, SPACs - all have been subject to what’s known as financial engineering. It’s no secret that Wall Street likes to test the rules. Looking ahead to March 15, Bloomberg Opinion’s Marcus Ashworth lays out what markets need to see from Jeremy Hunt’s budget. Rishi Sunak headed to Northern Ireland for talks with the region’s parties, as expectation mounts that Britain and the EU will reach a deal on post-Brexit trading arrangements in the coming days.įoreign Secretary James Cleverly will also have lunch with European Commission Vice President Maros Sefcovic today, people familiar with the matter told Bloomberg, in another indication that both sides are looking to close a deal to resolve long-standing divisions over the Northern Ireland Protocol.

Segro Plc: The warehouse investment company said its portfolio value fell more than £450 million compared to last year as investment yields rose alongside higher interest rates.

Britain’s biggest corporate lender posted an operating profit before tax of £1.43 billion, up from £543 million a year ago.NatWest Group Plc: The British bank announced an £800 million share buyback after higher interest rates boosted its fourth-quarter net income to significantly ahead of analyst estimates. Here’s the key business news from London this morning: We'll have to wait for HSBC and Lloyds to report next week for more on that. NatWest's bumper earnings could be a positive sign for the UK's retail banks. The value of the warehouse and logistics investor’s portfolio took a dip in the second half of the year.
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