UK Property Losses and Bank Branch Closures Hit Britain

Malaysia's Tabung Haji is reviewing its UK property portfolio after losing RM278 million on London investments amid rate shocks and ringgit swings. Meanwhile, Halifax will close 15 bank branches across the UK in September, and asking prices for UK homes saw their biggest August fall in eight years. JPMorgan's Jamie Dimon also warned the UK chancellor against raising bank taxes. A 112-year-old department store has closed for good, adding to pressure on the high street.