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PRESS DIGEST-Financial Times - March 25

ReutersMar 25, 2026 4:28 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

  • Volkswagen in talks with Israel's Iron Dome maker to shift from cars to missile defence

  • Anglican clergy pension fund to vote against directors at NatWest, Santander and HSBC

  • Bank of London fined over faked documents

  • Banks and claims specialists set to challenge 11-billion-pound car finance redress

Overview

  • Volkswagen VOWG.DE is in talks with Israel's Rafael Advanced Defence Systems over a deal that would switch production at one of the German group’s factories from cars to missile defence.

  • The pension fund for Anglican clergy has pledged to vote against board directors at NatWest NWG.L, Santander SAN.MC and HSBC HSBA.L, as it accused the banks of having “materially backtracked” on their climate commitments.

  • The Bank of London has received a 2-million-pound fine for misleading regulators about its capital position over a three-year period, including by providing fabricated documents that sought to conceal its financial health.

  • UK banks and claims management companies are preparing to launch legal challenges against an 11-billion-pound redress scheme for car finance mis-selling, threatening to further prolong a saga that has already spanned five years.

($1 = 0.7463 pounds)

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