THE DAILY BRIEFING

CRYPTO FEARS Lenders that link their finances to bitcoin should expect a crackdown, the Bank of England has warned.

Very few City firms have any involvement in the crypto-currency market, but the Bank said it would treat exchanges where bitcoin is traded like any other hub if it goes mainstream – meaning they would have to pass strict health checks.

CARE JOB Troubled care home chain Four Seasons has appointed restructuring expert Martin Healy to oversee its handover from Terra Firma to main lender H/2 Capital.

RIG ROLL Work has begun on oil rig business Lamprell’s joint venture shipping yard in Saudi Arabia. TAX BILL Bargain Booze owner Conviviality has said customers and suppliers remain ‘supportive’ after it revealed it owes the taxman £30m.

BUYOUT PLAN Former chairman of Qualcomm Paul Jacobs has approached investors about a $90bn management buyout of the chipmaker days after rival Broadcom’s bid was blocked by President Trump.

TOKYO RAID Japan’s competition watchdog has raided Amazon’s offices in Tokyo for the second time in two years over claims the internet giant has used its market clout to pass discounting costs on to suppliers.

SHUT DOWN Law firm Mossack Fonseca, which was at the heart of the Panama Papers tax scandal that allegedly helped some of the world’s richest people avoid paying their fair share of tax, has shut down.

ON BOARD DIY group Kingfisher is replacing Andrew Bonfield on its board with Jeff Carr, chief finance officer of Dutch food retailer Ahold Delhaize. TOWER PLANS German insurer Munich Re is buying land in the City of London with permission for a 36storey skyscraper. TECH LIST Business tech firm Simplybiz will float on AIM for £130m.