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UKFI hires UBS banker to run down ‘bad bank’ loans

Christopher Fox, formerly head of UK banks coverage and head of the financial institutions group for the Middle East and Asia at UBS, will manage US$64b worth of debts owed the government at Northern Rock and Bradford & Bingley ...

UK financials seen hiring after slashing 10,000 jobs

UK financial firms may hire in the third quarter after cutting a worse-than-estimated 10,000 jobs in the three months through June. ...