Private bank Coutts transfers £2bn from UK funds to overseas investments, sparking accusations of abandoning Britain and contributing to a 'vicious circle' affecting London-listed firms.
Coutts, a private bank serving King Charles III, is transferring £2bn from UK funds into overseas investments, raising accusations of abandoning Britain. Analysts argue this move contributes to a 'vicious circle' causing London-listed firms to lose value, making them vulnerable to takeovers. The decision comes as the UK government attempts to encourage investment in British stocks.
May 02, 2024
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