City A.M. | London's Business Newspaper - News, Opinion, & Analysis

The unstoppable rise of the challenger bank: Canary Wharf’s retail giants have reasons to be worried

Battle of the banks

If traditional retail banks have paid any attention to the latest data from the City watchdog, they have reasons to be worried, because challenger banks are increasingly taking over traditional banking services from established financial institutions. In fact, nearly 10 per cent of all accounts are now held with a so-called digital “challenger” bank. A […]
Head of London Metal Exchange quits for crypto start up

London Metal Exchange

IG Talk

Early Morning Call: All eyes on Fed; gold breaks support; and Adobe down

All eyes are on the US dollar with the Federal Reserve meeting ahead. EUR/USD fell yesterday as the European Central Bank expects 2023/24 inflation below the 2% target. We’re also watching GBP ahead of UK consumer price inflation data. Adobe (ADBE) plunged 7% following JPMorgan downgrade. And gold breaks support as USD strengthens ahead of […]
What is next for Hong Kong’s stock market?
Are big tobacco’s dreams going up in smoke?

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