Grounds for expansion: Airwallex’s Europe chief bets on London in licence pursuit Fintech As payments giant Airwallex laid out plans to double down on Europe, they turned to a man with experience at a multi-billion dollar deposit holder. The $8bn cross-border specialist was looking for someone to steer the ship amid expansion plans across Europe but in that endeavour didn’t poach a veteran of Wall Street or the [...]
Vanquis boss defends scrapping dividend as bank swings to profit Banking The boss of Vanquis Bank has said he makes no apologies for a “conservative” approach to capital distribution as he launched a staunch defence of the group’s decision to axe its dividend for the second consecutive year. Ian McLaughlin, who took the helm at Vanquis in August 2023, said the bank’s “number one priority” was [...]
Robinhood UK launches delayed margin lending investing Investing Robinhood UK has launched a margin investing feature after it was previously delayed by regulators. Margin investing allows customers to borrow money from Robinhood, leveraging their existing holdings to purchase additional securities When Robinhood UK was launched in the UK in March, the company originally stated that it could charge 12 per cent interest on [...]
