Bloomberg The Bank of England’s next 50-pound note will be made out of plastic as the UK extends the production of polymer cash to its highest-denomination bill. The new note, worth about $66 at current exchange rates, will be Britain’s last denomination to make the shift from paper to plastic, with five- and 10-pound bills already made of the more ...

Bloomberg The world is still full of risks for the banking industry, despite reforms put in place since the financial crisis 10 years ago. That was the main subject of discussions this weekend in Bali, where bankers gathered for the annual meeting of the Institute of International Finance. From market turmoil and trade tensions to rising leverage and the implications ...

Bloomberg Sears Holdings Corp, the 125-year-old retailer that became an icon for generations of American shoppers, filed for bankruptcy, saddled with billions of dollars of debt racked up as it struggled to adjust to the rapid shift towards online consumption. The company filed for Chapter 11 protection from creditors with the US Bankruptcy Court in White Plains, New York, early ...