Wise sees 280 per cent boost in profit from high interest rates November 14, 2023 Wise has reported a 280 per cent increase in profit as high interest rates continue to boost the foreign exchange fintech's income.
Europe’s £10bn cum-ex tax scandal set to rumble Square Mile after key ruling November 13, 2023 Banks and investors in the Square Mile are set to be hit with more claims over Europe's biggest ever tax scam following a key ruling last week.
Brits urge government to do more on overseas territory tax havens as diplomats to meet with MPs November 13, 2023 Nearly three-quarters of Britons think the government should do more to tackle economic crime in the country's overseas territories, according to a survey, as diplomats prepare to meet with MPs in London this week.
Former Hambro Perks CEO makes comeback with new firm November 13, 2023 The new business marks the first significant move by Perks since he abruptly stepped down from Hambro Perks in April.
Lloyd’s of London SPAC venture scrapped due to volatile markets November 13, 2023 Financials Acquisition Corp said on Monday it would enter liquidation as it scraps a planned merger with its newly formed insurance venture, citing "insufficient" cash commitments due to volatile capital markets.
US bank stocks fall to record low against S&P 500 as sector hurts from bond crash November 12, 2023 US bank stocks have plunged to an all-time low relative to the S&P 500 index as lenders continue to feel the impact of the banking crisis that erupted earlier this year.
Metro Bank added to FCA’s financial crime watchlist November 12, 2023 Metro Bank has been added to the City regulator's financial crime watchlist, the lender confirmed, posing another headache for the bank as it looks to rebuild after securing a major refinancing deal.
Nigel Farage to launch legal battle with NatWest over debanking saga November 11, 2023 Nigel Farage is to launch a legal fight with NatWest over the debanking saga which culminated in the resignation of chief executive Dame Alison Rose. The former Ukip leader said he is instructing lawyers to take action against NatWest Group, with the aim of turning it into a class action. The banking giant has sought [...]
Bank of England says lenders to be put through mini budget-style shock tests November 10, 2023 It is intended to replicate some of the chaos and more which was unleashed on markets last autumn after Liz Truss and Kwasi Kwarteng revealed their budget and other moments of turmoil.
Natwest clears former chief Alison Rose of misconduct in Farage debanking row November 10, 2023 Natwest's board confirmed this morning that there will be no bonus or variable remuneration paid to her in respect of service during 2023.
