Billionaire investor George Soros said Donald Trump is playing into the hands of terrorists by creating fear of Muslims in an effort to get elected.

The Co-Operative Group Ltd has agreed to cede control of its banking unit to creditors after 141 years, part of a deal to allow the lender to plug a £1.5bn (€1.77) capital shortfall.

Billabong International said its 40-year-old surf brand was worthless after the company’s losses tripled amid store closures, firings, a breach of debt terms and tumbling stock price.