**Top Financial News Highlights – January 29**
– HSBC is set to divest from certain segments of its investment banking operations in the UK, US, and Europe as part of a strategic overhaul led by CEO Georges Elhedery.
– William Vereker, the chair of Santander UK, has stepped down following a conflict with the bank’s Spanish parent company and executive chair Ana Botin.
– A recent investigation by the UK antitrust regulator has identified Microsoft as a company that is suppressing competition in the £9 billion British cloud services market, raising concerns about the effectiveness of market competition.
– The UK government plans to provide a £20 million ($24.90 million) loan to the struggling Anglo-Danish rocket manufacturer Orbex, aimed at supporting the development of its small launcher ahead of a planned launch in Scotland this year.
– RBG Holdings, which operates the law firms Rosenblatt and Memery Crystal, has halted trading of its shares due to ongoing management disputes and has indicated that it may struggle to secure necessary funding for its future operations.
