Bloomberg Virgin Atlantic Airways Ltd is searching for a candidate to take over as chairman in the event plans for an initial public offering go ahead, a person with knowledge of the situation said. A London listing would compel current Chairman Peter Norris to stand down since he occupies the same post at Virgin Group, owned by the carrier’s founder …

Bloomberg European banks are falling short in their lobbying effort against oncoming stricter capital rules which would limit their ability to boost shareholder returns, according to people familiar with the matter. Lenders expect the European Commission to disregard their plea to retain significant freedom to assess the riskiness of their own loans, as the region implements the global bank standards …

Bloomberg Barclays Plc is considering shaking up parts of its global markets unit that are underperforming as the lender prepares for volatility drying up after the pandemic. Global markets head CS Venkatakrishnan, known to colleagues as Venkat, told employees recently that while equities and credit trading had held up well lately, parts of its macro trading unit including European interest …