Leading British lenders including Barclays, the Royal Bank of Scotland and Lloyds Banking Group face the prospect of hundreds of millions of pounds in outstanding loans going unpaid from Carillion’s collapse on Monday, Reuters reported. Along with 10 other banks, they arranged a 790 million pound ($1.1 billion) revolving credit facility for Carillion in 2015, which made up the bulk of 835 million pounds worth of syndicated bank loans owed by Carillion that mature in 2020. Last September, five banks agreed to an additional 140 million pounds in loans repayable at the end of 2018.

UK decision-makers think Brexit will have a more negative impact on their business over the next two years, Economia reported. Sentiment fell from 105 to 98 in the last quarter of 2017, meaning businesses are becoming more pessimistic, according to a survey conducted by YouGov. It used data provided by mid-tier firm RSM’s Brexit Monitor, based on 310 interviews with middle market firms that had turnovers between £30m and £300m.

Shares in debt-laden British building and services company Carillion Plc sank 15 percent on Thursday in the absence of news on a deal needed to shore up its finances, Reuters reported. Many observers have warned that the 200-year old company, responsible for some of Britain’s highest profile infrastructure projects, risks collapse if it does not reach a deal with lenders to restructure its finances. The company, which employs 43,000 people, said on Saturday that it would meet creditors on Wednesday and that it could recapitalise or restructure its balance sheet in other ways.

Brexit is a once-in-a-lifetime opportunity for Frankfurt to try to lure global banks away from London — but do not expect Germany’s main financial regulator to be part of a heavy sales pitch. “We are not a marketing agency and not interested in doing industrial policy,” says Felix Hufeld, the president of BaFin, which oversees 1,740 banks in the eurozone’s largest economy.

The UK will remain a relative laggard among developed countries this year as the after-effects of the Brexit referendum mean the economy will only enjoy limited benefits from a global upswing in growth, economists said in the FT’s annual survey of the profession. Forecasts for growth during 2018 clustered around 1.5 per cent as the UK will be pulled in two separate directions next year as uncertainty over the outcome of the Brexit negotiations reduces growth at the same time as an upswing in global activity boosts exports, the Financial Times reported.

Global equity raising rose by almost a fifth in 2017 and bankers expect issuance to increase further in 2018 as the improving global economy and buoyant stock markets drive larger flotations and rights issues to finance acquisitions, Reuters reported. Companies raised $780.2 billion in equity in 2017, up 19 percent from $656.4 billion last year, Thomson Reuters Equity Capital Markets data up to Dec. 26 showed. Global proceeds from initial public share offerings (IPOs) rose by 35 percent to $178.6 billion in 2017.

Creditors of Toys ‘R’ Us UK overwhelmingly approved the struggling retailer’s restructuring plan at a meeting yesterday, enabling it to stave off a collapse into administration, Reuters reported. Earlier this month the British arm of Toys ‘R’ Us Inc of the United States, which filed for bankruptcy protection in September, said it would seek creditor approval for a Company Voluntary Arrangement (CVA). The plan will see the closure of at least 26 of its 105 British stores in 2018 and reduced rent on the stores that stay open.

Toys “R” Us Inc.’s U.K. unit, which is at risk of collapse, faces questions from lawmakers about a reported surge in payments to its former managing director, Bloomberg News reported. The loss-making British arm of the U.S. toy retailer boosted Roger McLaughlan’s pay to 1.3 million pounds ($1.7 million) in the year ended Jan. 30, 2016, from 1 million pounds and 356,000 pounds in the previous two years, Frank Field, the chairman of the House of Commons’ Works and Pensions Committee, said in a Dec. 18 letter to Toys “R” Us U.K.’s current head, Stephen Knights.

Toys “R” Us Inc.’s plans to restructure its U.K. operations face defeat in a creditor vote, jeopardizing the local business’s chances of avoiding insolvency, Bloomberg News reported. Pension Protection Fund, which is acting for the U.K. arm’s pension plan, understands that creditors will reject the court-led restructuring proposal at a Dec. 21 meeting, Chief Executive Alan Rubenstein said in a letter to Frank Field, the chairman of the House of Commons’ Work and Pensions Committee. Pension Protection has filed a proxy vote against the planned Company Voluntary Arrangement.

The City of London likes nothing better than a dust-up between two alpha male financiers over large sums of money. Hence the excitement that surrounds the ugly stand-off between Guy Hands and Spencer Haber, whose US hedge fund is a big investor in one of the British private equity veteran’s most troubled punts. Last week, after months of macho posturing about the ownership of some disputed assets, Mr Hands finally backed away from a showdown with Mr Haber’s H/2 fund over the future of Four Seasons, one of Britain’s largest nursing home groups.