FCA to speed up decision making process amid backlash November 26, 2021 The UK's financial watchdog has announced reform plans as it faces criticism over repeated failures to protect customers.
Amazon acknowledges ‘there is more to do’ as UK warehouses are targeted by Extinction Rebellion activists in Black Friday raid November 26, 2021 Climate activists blocked Amazon’s largest warehouse in the UK, targeting the global retail giant’s busiest day of the year. Extinction Rebellion’s Black Friday demonstration, with about 20 activists, started at 4am at the distribution centre in Dunfermline, Fife. The group said it was also targeting Amazon sites in Doncaster, Darlington, Newcastle, Manchester, Peterborough, Derby, Coventry, [...]
Beijing urges media not to overhype JPMorgan chief’s Chinese Communist Party quip November 25, 2021 Beijing authorities have asked global media not to overhype JPMogran chief Jamie Dimon’s quip about the Wall Street giant outliving the Chinese Communist Party. China’s foreign ministry spokesman Zhao Lijian said yesterday he had “noted the reports” quoting Dimon’s jibes at the organisation which has ruled the state for decades. Lijian said he had also [...]
Facebook Marketplace a hotbed for scams warns Natwest November 25, 2021 People doing their Christmas shopping online should beware of scammers on social media sites according to new Natwest data.
JPMorgan will outlive China Communist Party, jokes boss November 24, 2021 The boss of Wall Street giant JPMorgan has taken a swipe at the Chinese Communist Party, breaking an unspoken rule among business leaders ensuring they keep schtum on Beijing. Jamie Dimon, 65, joked that the investment bank will outlive the Communist Party, which was founded in 1921. JPMorgan first entered China in the same year. [...]
US Senator weighs in on $73bn Tether reserves controversy November 24, 2021 A US Senator has written a letter to Tether calling for greater transparency about how stablecoin USDT operates amid concerns it is unbacked.
Banknote printer De La Rue overcomes loss of UK passport but warns there may be more job cuts November 24, 2021 Banknote printer De La Rue has notched up a jump in half-year profits as cost savings and turnaround plans helped it overcome the loss of its UK passport contract. The group saw pre-tax profits leap to £10.9m in the six months to September 26, up from £2.5m a year ago, as underlying revenues edged 0.9 [...]
Happening now in the City: Insurance giant Convex Insurance targeted over coal November 24, 2021 Convex Insurance, the London-based insurance company, is targeted this morning at the London Market Conference by environmental organisation Market Forces, putting further pressure on the insurance company to rule out underwriting the controversial Adani Carmichael coal project. Convex has not ruled out the project despite 40+ other major insurers having done so. The Adani Carmichael [...]
Ex-PM David Cameron lobbied Tory associate at Lloyds to salvage Greensill pharmacy deal November 23, 2021 Former Prime Minister David Cameron lobbied Lloyds bank to change a decision to slash ties with ailing Greensill Capital, it has been reported. Cameron reached out to a board member whom he had ennobled during his Downing Street stint, the Financial Times reported on Tuesday. The newspaper cited “people familiar with the matter” as saying [...]
Banks could lose out on a fifth of deposits under Britcoin proposals – BoE November 23, 2021 The Bank of England has today admitted that commercial banks will be hit hard by plans for a digital pound backed by central bank reserves.
