Bloomberg British households will see the average energy bill soar to $4,200 a year in October when the UK next raises a cap on prices, according to consultancy Cornwall Insight Ltd. The forecast confirms other recent estimates that bills will rise about 80% this winter compared with prices in April. Surging wholesale natural gas prices following Russia’s invasion of …

  Bloomberg In 2017, after Citigroup Inc had paid billions of dollars in fines for rigging interest rates, manipulating currency markets and selling shoddy mortgage bonds, the Wall Street giant was still struggling to keep tabs on traders in London. Managers overseeing Citigroup’s European trading hub had hundreds of blind spots, allowing for potentially abusive transactions to go unnoticed in …

  Bloomberg Rushing to sell Indian state-run lenders to private investors may hinder the government’s financial inclusion efforts and monetary policy transmission, staff at the country’s central bank warned. “A big bang approach of privatization of these banks may do more harm than good,” wrote staff including, Snehal Herwadkar, in a research paper. The report recommended a gradual approach to …