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5 Things You Need To Know, Today, on Tuesday 21st March 2023
5. Two banks connected with the late Jeffrey Epstein will face lawsuits over claims they enabled his sex trafficking, a US court has ruled.
Two women who say the financier sexually abused them brought the case against JP Morgan Chase and Deutsche Bank.
4. Top officials from Britain's financial sector said they would set out a blueprint later this year to "kickstart" London's role as a post-Brexit global financial centre by 2030.
The City of London, home to Britain's historic financial district, said that Lloyd's insurance market, asset manager Schroders, auditor KPMG, Barclays bank and others will work on a roadmap to compete better with centres such as New York and Singapore.
3. As many as eight bids could be made for Manchester United before Wednesday's deadline for second offers, it is understood.
The Glazer family will definitely sell the club, but only for the right price - with £6bn believed to be their valuation.
2. Fears in financial markets appeared to ease, a day after regulators agreed a rescue deal for troubled lending giant Credit Suisse.
The bank was bought by rival UBS on Sunday after regulators worked around the clock to secure the takeover.
1. A giant hydro scheme which would double the UK's ability to store energy for long periods is taking a leap forward with a £100m investment by SSE.
The proposed 92m-high dam and two reservoirs at Coire Glas in the Highlands would be Britain's biggest hydroelectric project for 40 years.