1. FTX files for bankruptcy protection
Sam Bankman-Fried has resigned as chief executive but will “remain to assist in an orderly transition” for incoming chief executive John J. Ray III.
2. Scottish Mortgage’s net asset value falls 15%
The company noted this fall compared to a 7% decrease in the FTSE All-World index
3. Barclays still on the fence with its rating on Aviva
However, it was left underwhelmed by the performance of the life division, particularly the level of annuity volumes.
4. FTSE 100 closes in the red
Despite starting off in the green, Britain's blue-chip benchmark finished Friday around 57 points lower, or 0.78%, at 7,318.
5. Lloyds best as European banks report surprise earnings
Analysts at Jefferies believe the main driver of the positive results for European banks was revenues