PRESS DIGEST-Financial Times - March 13

Reuters10:14
PRESS DIGEST-Financial Times - March 13

March 13 (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

- Tesla granted licence to supply electricity in UK

- Deutsche Bank seeks to expand private credit offerings

- Lloyds IT glitch lets customers see other users’ information

- FCA warns it will take action on mis-selling of ‘second charge’ mortgages

Overview

- Elon Musk's Tesla TSLA.O has been granted a licence to supply electricity to British households and businesses as the company widens its footprint in the country’s energy system.

- Deutsche Bank DBKGn.DE has said that it wants to expand its private credit offering even as investors grow increasingly wary about credit quality in the sector.

- Lloyds Banking Group LLOY.L has begun an internal review after an IT glitch allowed customers to view other users’ account transactions and other sensitive information.

- Britain's financial watchdog, the Financial Conduct Authority, has warned it will clamp down on mis-selling by providers of “second charge” mortgages, which are often used by homeowners with high existing debts to raise cash against the value of their house.

(Compiled by Bengaluru newsroom)

((globalnewsmonitoring@thomsonreuters.com))

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