PRESS DIGEST- Financial Times - March 22

·1 min read

March 22 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.


- Plan to raise UK state pension age to 68 delayed amid falling life expectancy

- Yellen pushes for first steps in World Bank reform by April

- UBS to enter talks with Michael Klein to terminate First Boston deal

- Jeremy Hunt insists Bank of England should keep focus on curbing inflation


- British ministers have pushed back plans to raise the state pension age to 68 in the midst of falling life expectancy and warnings from Tory MPs that such a move could anger middle-aged voters.

- U.S. Treasury Secretary Janet Yellen and German allies are pressing for a "binding schedule for reform" of the World Bank as early as April, as the lender has come under increasing pressure for failing to address climate change.

- UBS Group AG is set to enter into talks with Michael Klein to terminate a deal to acquire First Boston, which would have lead to Klein taking control of most of Credit Suisse Group AG's investment bank.

- British Finance Minister Jeremy Hunt has said that the Bank of England should continue to focus on bringing down inflation that is "dangerously high", despite the pressure on the global banking sector due to rising interest rates.

(Compiled by Bengaluru newsroom)