September 4, 2019 / 1:08 AM / a month ago

PRESS DIGEST- Financial Times - Sept 4

Sept 4 (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

Conservative rebels defeat Johnson’s Brexit strategy

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Marty Chavez, once seen as CEO candidate, to leave Goldman Sachs

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Lloyds buys Tesco Bank’s mortgage book in 3.8 billion pound deal

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GKN Aerospace to cut about 1,000 jobs in streamlining push

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Overview

British Prime Minister Boris Johnson faced a defeat on Tuesday when lawmakers voted to pass an emergency law to stop a no-deal Brexit, leaving the UK on the verge of a general election.

Goldman Sachs Group Inc’s securities co-head Marty Chavez is leaving the firm, the company’s chief executive, David Solomon, told employees on Tuesday.

Lloyds Banking Group said on Tuesday that it has agreed to buy Tesco Bank’s mortgage book in a 3.8 billion pounds ($4.67 billion) deal.

British engineering group GKN to cut 1,000 jobs over the next two years in a bid to streamline its operations and increase performance.

$1 = 0.8145 pounds Compiled by Bengaluru newsroom; Editing by Sandra Maler

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