Reeves Faces Renewed Calls for Bank Tax, Pulte Ups Cook Scrutiny | The Opening Trade 8/29/2025

From Bloomberg Markets and Finance.

Shares of UK lenders slumped after Chancellor of the Exchequer Rachel Reeves faced renewed calls to raise billions of pounds of much-needed revenue by imposing a windfall tax on banks. Federal Reserve Governor Lisa Cook’s lawyers suggested that an unintentional “clerical error” may have been behind the mortgage dispute over which President Donald Trump wants her fired.

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