Bloomberg UK lenders would be forced to refund all victims of financial fraud if plans being proposed by an official watchdog are adopted, according to the Telegraph newspaper. The Payment Systems Regulator — an independent subsidiary of the Financial Conduct Authority — will lead a consultation due to begin within weeks on whether customers who are tricked into transferring money ...

Bloomberg Even if everyone agrees that vaccines will ignite the economy next year, Wall Street’s collective consciousness has no idea what it will mean for stocks. Forecasts among the people paid to fashion such estimates are all over the map — to an almost historic degree. The most bullish, Dubravko Lakos-Bujas at JPMorgan, predicts the return to normal will serve ...

Bloomberg Most equities markets in the Middle East advanced as investors looked to the rollout of mass vaccination programs for a fresh spur to prices. Saudi Arabia’s Tadawaul All Share Index gained the most in the region, climbing 0.3% in 10:27 am local time. Gauges in Dubai, Abu Dhabi, Bahrain and Kuwait also rose, while Oman’s benchmark index slipped. Saudi ...