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PRESS DIGEST-Financial Times - March 27

ReutersMar 27, 2025 2:36 AM

- The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

Headlines

- HSBC fired investment bankers on bonus day and gave them no bonuses

- British Steel's Chinese owner rejects UK government subsidy offer

- Berlusconi's MFE launches 1.3 billion euros takeover bid for ProSieben

NatWest and Nigel Farage settle 'debanking' dispute

Overview

- HSBC HSBA.L fired investment bankers on the day they were due to learn their bonus figures and gave no bonuses to many it let go.

- The Chinese owner of British Steel, Jingye, 600768.SS has rejected a 500 million pound ($645.15 million) lifeline offer from the UK government, raising fears about thousands of jobs at the steelmaker.

- MFE-MediaForEurope MFEB.MI, the TV group controlled by Italy's Berlusconi family, has launched a 1.3 billion euro ($1.40 billion) takeover bid for the German broadcaster ProSiebenSat.1 PSMGn.DE.

- Eurosceptic UK politician Nigel Farage and NatWest Group NWG.L have settled their dispute over the bank's handling of a decision to close Farage's accounts, the two parties said in a joint statement on Wednesday.

($1 = 0.7750 pounds)

($1 = 0.9281 euros)

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