FSCS investigate German property scheme that holds £600m from the likes of pension investors.

Close-up of an array of UK fifty pound notes

@peter_IFAMAG reads Twitter so you don’t have to.

The Financial Services Compensation Scheme investigates The German Payment Group. Formerly The Dolphin Trust the German operation borrowed up to £600m from the likes of pension investors. Meanwhile, the online gambling industry continues to grow in the UK.

Firstly, Rishi Sunak highlights the 900,000 jobs and tens of thousands of business the Chancellor of the Exchequer has protected during the COVID crisis.

Amazon acquires 1,800 electric vans from Mercedes, Jonathan Eley does a back-of-the-envelope calculation.

FT Adviser covers the FSCS investigation into German property developers, with as much as £600m of borrowed money from UK investors.

One Twitter user also does a back-of-the-envelope comparison of Amazon’s market cap.

Bloomberg reports on the growing global strength of the Euro compared to the US Dollar.

And Finally, Brits spending on online slots and casinos rose 24%. Together with Ireland, the UK’s spending on online gambling rose by £219m.


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