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Dec 9, 2022

A “Big Bang” to reignite London’s banking sector

From the BBC World Service: The U.K. government has announced one of the biggest financial shake-ups in more than 30 years – we look at what it means for global banking. We have the latest on the trial of the collapsed payment company Wirecard, the biggest fraud case in German financial history. Plus, we find out who will be joining Japanese billionaire Yusaku Maezawa on his SpaceX flight to the moon.

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LONDON, ENGLAND - NOVEMBER 11: A general view over the London skyline from the Lloyds of London building on November 11, 2022 in London, England. New government figures show the British economy shrank by 0.2% between July and September amid a period of rising inflation. The Bank of England has forecast a two-year recession, which is officially declared when the UK economy shrinks for two consecutive quarters. (Photo by Dan Kitwood/Getty Images)
LONDON, ENGLAND - NOVEMBER 11: A general view over the London skyline from the Lloyds of London building on November 11, 2022 in London, England. New government figures show the British economy shrank by 0.2% between July and September amid a period of rising inflation. The Bank of England has forecast a two-year recession, which is officially declared when the UK economy shrinks for two consecutive quarters. (Photo by Dan Kitwood/Getty Images)

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