Lampard insists Chelsea won’t need to sell Kante to finance Werner move

Frank Lampard has reiterated his desire to keep N’Golo Kante at Chelsea long-term as he admitted that the only reason the midfielder hasn’t played more is due to injury this season.

The 29-year-old is Chelsea’s highest-paid player but has missed 14 games this season due to ankle, hamstring and knee problems.

The two-time Premier League winner has missed more games through injury this season than in his entire English football career, which famously included a key role at Leicester’s title-winning team.

Real Madrid have been linked with a move for the midfielder in the last few days but Lampard has refuted suggestions that Chelsea will sell their dynamic talent to raise further funds.

This comes following the £47.5 million ($59m) signing of Timo Werner this summer from RB Leipzig in addition to the previously agreed £37m deal ($43m) for Ajax’s Hakim Ziyech.

“In terms of N’Golo, I’ve seen some talk

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China calls on banks to give up US$212 billion in profits to finance cheap business lending

China’s government is reaching beyond its monetary policy tool box to free up capital and direct funds towards the nation’s cash-starved businesses to help the economy claw its way out of its worst slump in four decades.

The government has called on banks to sacrifice as much as 1.5 trillion yuan (US$212 billion) in profits this year to finance cheap loans, cut fees, defer loan repayments and grant more unsecured loans to help small businesses survive the downturn caused by the coronavirus lockdown.

Separately, the State Council, China’s cabinet, signalled late on Wednesday that it would cut the amount of reserves banks are required to hold at the central bank, freeing up more money to spur lending.

“We are guiding the market to lower lending rates through interest-rate reform,” Yi Gang, the governor of the People’s Bank of China (PBOC), told the Lujiazui Forum on Thursday, confirming the move was

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UK Finance chief Stephen Jones quits over sexist Amanda Staveley comments

The head of UK banking’s industry group has stepped down over historic sexist comments he made that had recently come to light in a court case.

UK Finance confirmed late on Tuesday that its board had accepted the resignation of Stephen Jones. Jones, who has headed the powerful industry group since 2017, tended his resignation after coverage of comments he made in 2008 while at Barclays (BARC.L) bank.

The High Court heard earlier this month that Jones made “deeply unpleasant personal comments” about Amanda Staveley, a high-profile financier.

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The court was told on Friday that Jones referred to Staveley’s firm as “a bunch of scumbags” and “f*****s”, according to The Times.

The comments came to light in a High Court case between Staveley’s firm, PCP Capital Partners, and Barclays related to a financing

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Nokia names new finance chief in management revamp

By Tarmo Virki

(Reuters) – Finnish telecoms equipment maker Nokia <NOKIA.HE> named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson <ERICb.ST> and Huawei [HWT.UL] for work on lucrative 5G networks.

The company said Marco Wiren would join from Finnish engineer Wartsila <WRT1V.HE> and take over from Kristian Pullola as chief financial officer (CFO) from Sept. 1.

Nokia’s new Chief Executive Pekka Lundmark will also take the helm in September, while last month Sari Baldauf started as chairwoman, succeeding Risto Siilasmaa who had led the board for eight years.

Nokia, which axed its dividend after a profit warning last October, has been trying to tackle costs and delays in shipments as it vies with Sweden’s Ericsson and China’s Huawei.

“Nokia has clearly had challenges with balance sheet and cash flow, which has created additional pressure for renewal on the financial

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