LA Private

October 2023

Bank of England averts mini banking crisis with Metro Bank bailout

The Bank of England appears to have successfully averted a potential mini banking crisis by arranging a bailout for Metro Bank in Britain. Unfortunately, the proposed deal with the bank’s largest shareholder, Colombian billionaire Jaime Gilinski Bacal, will result in the complete loss of value for existing shareholders. As of Friday, the bank was valued

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Fortescue Metals and Genex partner in 25-year solar power agreement

Fortescue Metals (ASX:FMG) and Sydney-based renewable energy supplier Genex have entered into a 25-year solar power purchase agreement (PPA). The PPA is for the Bulli Creek solar and battery project (BCP) in Queensland, offering an offtake for up to 337.5 megawatts of solar energy. The announcements on Monday from both companies didn’t include any price

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