PRESS DIGEST- Financial Times - Nov. 3
Nov 3 (Reuters) - The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.
Headlines
- Sam Bankman-Fried convicted of fraud over FTX's collapse
- Amazon earned $1bn from secret pricing algorithm, FTC alleges
- Revolut names new UK boss as it waits for British banking licence
- Lloyds rebuffs Barclay family's latest 1 bln pound attempt to regain Telegraph
Overview
- FTX founder Sam Bankman-Fried was convicted of fraud and money laundering by a New York jury in a landmark criminal verdict.
- U.S. antitrust regulators have alleged in a lawsuit that Amazon generated more than $1 billion in extra profit from a secret algorithm that controlled pricing, accusing it of using monopoly power to harm consumers and sellers.
- Revolut has appointed Francesca Carlesi as its new chief executive to lead Revolut NewCo UK, its UK entity, as it awaits a final decision on its bid for a banking licence in its home market.
- Lloyds Banking Group has rebuffed the latest 1 billion pound ($1.22 billion) attempt by the Barclay family to reclaim the Telegraph.
($1 = 0.8204 pounds) (Compiled by Bengaluru newsroom)
