PRESS DIGEST-Financial Times - Sept 23

- UK fintech TransferWise doubled profits in the last financial year and said it had continued to grow in 2020 despite the "volatility" brought by the coronavirus pandemic. - Deutsche Bank plans to shutter one in five branches in its home market in Germany as the country's largest lender strives to return to profitability.

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 insurers to be blocked from favouring new customers https://on.ft.com/2EsM7c0 - Private equity group Lone Star pulls out of £6.5bn race for Asda https://on.ft.com/2EnxGWu

- TransferWise doubles profits despite 'volatility'' from pandemic https://on.ft.com/3hUPFBl - Deutsche Bank plans to close 1 in 5 branches in Germany https://on.ft.com/32RXe7C

Overview - The Financial Conduct Authority is trying to ban insurance companies from charging existing customers more than new ones for motor and home cover.

- US-based private equity firm Lone Star has pulled out of the race to buy British supermarket Asda. - UK fintech TransferWise doubled profits in the last financial year and said it had continued to grow in 2020 despite the "volatility" brought by the coronavirus pandemic.

- Deutsche Bank plans to shutter one in five branches in its home market in Germany as the country's largest lender strives to return to profitability. (Compiled by Bengaluru newsroom)

(This story has not been edited by Devdiscourse staff and is auto-generated from a syndicated feed.)