Bloomberg UK Labour Party leader Keir Starmer blocked his predecessor Jeremy Corbyn from standing as a candidate for the party at the next general election, as the opposition seeks to draw a line under the antisemitism scandals that have plagued its recent past. “Jeremy Corbyn will not stand for Labour at the next general election,” Starmer said morning, in …

Bloomberg Barclays Plc slumped after posting a surprise drop in profit as revenue missed estimates across every major business line. Inside the corporate and investment bank, dealmakers faced a continued drought, traders fell short of hopes and the bank recorded further losses tied to its leveraged finance portfolio. At the firm’s UK franchise, the net interest margin — a key …

Bloomberg The European Central Bank (ECB) will scrutinise banker bonuses after finding that compensation structures at many lenders don’t take sufficient account of risk. The indicators used by banks to set bonuses aren’t always clear and “in many instances” rely too much on financial performance instead of risk, controls or cultural and behavioral aspects, the ECB said in a newsletter …