Press Digest: Financial Times - June 29

Adler Real Estate AG

29/06/2023 24:55

June 29 (Reuters) - The following are the top stories in
the Financial Times. Reuters has not verified these stories and
does not vouch for their accuracy.
    
    Headlines
- UK government looks at nationalising Thames Water as crisis
deepens
- Jeremy Hunt to review profits in UK food industry supply chain
 
- Police raid more than 20 offices and premises in Adler Real
Estate probe     
- Big US banks would lose $541bn in doomsday scenario, predicts
Fed
    
    Overview
- Ministers have discussed a temporary nationalisation of Thames
Water as investors and the government braced for the potential
collapse of the debt-laden utility.  

- UK Chancellor Jeremy Hunt is to scrutinise profits in the food
industry supply chain as part of a series of steps agreed with
UK regulators to try to help households and squeeze high
inflation.
   
- Police raided more than 20 offices and premises on Wednesday
as part of a sprawling investigation into suspected false
accounting, market manipulation and breach of trust at
controversial German property group Adler Real Estate  ADLG.DE .

- The largest U.S. banks would lose $541 billion in a
hypothetical doomsday economic scenario but still have more than
enough capital to absorb the losses, according to annual stress
tests conducted by the Federal Reserve. 

  
    
    
    

 (Compiled by Bengaluru newsroom)
 ((globalnewsmonitoring@thomsonreuters.com))