THE DAILY BRIEFING

BANKING BLOW Building society Nationwide has apologised for a ‘technical issue’ that meant customers were unable to access their online and mobile banking services on Monday.

FLOAT HOPE Hong Kong finance chiefs have met Saudi Arabia’s king to discuss the £1.6 trillion mega-float of state oil firm Aramco. Hong Kong is an outside contender for the listing, with London and New York seen as front-runners.

MONEY TROUBLE Cash machines could shut across the country if an industry shake-up goes ahead, claims Lord McFall, former chairman of the Treasury Select Committee. Industry group wants to cut the fees paid by big banks when one of their customers withdraws money from an ATM owned by another business.

FIGHT BACK Family-friendly restaurant chain Giraffe has recovered some of its losses after food tycoon Ranjit Singh Boparan bought it from Tesco last year.

FASHION POLICE Italian luxury fashion brand Gucci’s office has been raided by police after the group is alleged to have dodged over £1.1bn in tax.

CINEMA ROW Jupiter Asset Management, which owns a 0.3pc holding in Cineworld, has criticised the cinema chain over plans to buy US rival Regal Entertainment for £2.7bn, saying it would bite off more than it could chew by entering the US markets.

PHARMA EVIDENCE Drug companies as well as industry groups will give evidence to MPs on the Business, Energy and Industrial Strategy Committee today about challenges they will face after Brexit.

SAUDI SHOCK Suspicious activity by wealthy Saudis has been reported to Switzerland’s money laundering watchdog, Finma.

DEBT PAID Russion billionaire Oleg Deripaska’s hydropower and aluminium firm EN+ has repaid its £697m loan to Russian state bank VTB.

DATA BOSS US lender Citigroup has poached Ebay executive Zoher Karu to head data and analytics for its Asian retail bank.

LOAN BID Small firms are being offered £30m of loans by the stateowned British Business Bank.