Bloomberg The UK government’s push to send some asylum seekers to Rwanda may not deter enough migrants to make the effort cost effective, the Home Office official charged with assessing the plan said. Migrants who cross the English Channel on small boats risk being relocated to the African state with a one-way ticket, Prime Minister Boris Johnson said in presenting ...

  Bloomberg UK regulators have warned banks against carrying out complex pension plan deals that are structured to delay any hit to capital reserves, a broadside that analysts say could affect Barclays Plc. The Prudential Regulation Authority (PRA) said in a statement that lenders should avoid entering into agreements that defer the impact of pension scheme contributions as they could ...

  Bloomberg Wells Fargo & Co. announced a $210 million effort to expand racial equity in residential lending after a Bloomberg News investigation found the bank approved Black homeowners seeking to refinance mortgages in the pandemic at a far lower rate than White ones. The firm, the biggest mortgage lender among US banks, is committing $150 million beyond its usual ...