Starling Bank cracks down on debtors as regulator probes financial crime controls June 19, 2024 Starling Bank has taken legal action against two dozen bad debtors as it grapples with rising defaults and a City watchdog probe into its financial crime controls.
Buy-now pay-later firm Zilch raises £100m debt ahead of hotly-anticipated public listing June 19, 2024 London fintech Zilch has raised £100m in securitised debt financing in a deal arranged by Deutsche Bank ahead of a hotly-anticipated public listing.
HSBC ‘seriously violated’ Swiss money laundering rules, regulator says June 18, 2024 HSBC's Swiss private bank failed to conduct adequate checks on more than $300m (£236m) worth of transactions over the course of 13 years, the country's banking regulator has found.
FCA appoints interim retail banking boss after shake-up at payments regulator June 18, 2024 The Financial Conduct Authority (FCA) has appointed an interim retail banking boss after parachuting in its director to lead the payments watchdog amid industry backlash over new fraud refund rules.
Revolut adds ‘Revpoints’ and financial market trading tools in bid to become money super app June 18, 2024 Revolut announced two new products, focusing on travel discounts and bond trading, on Tuesday as the fintech looks to diversify its revenue streams and achieve superapp status.
Atom Bank notches first annual pretax profit after jump in mortgage lending June 18, 2024 Atom Bank has become the latest UK digital lender to swing to its first annual profit, with the group benefiting from higher interest rates and a jump in mortgage lending.
Lopay: SumUp rival eyes profitability this year ahead of Europe and US expansion June 18, 2024 London payments start-up Lopay expects to hit profitability in 2024, less than three years after launching, ahead of taking its challenge to bigger rivals like SumUp to new markets in Europe and North America.
Labour pledges hundreds of new banking hubs in bid to revive ‘ghost town’ high streets June 17, 2024 Labour has pledged to open 350 new banking hubs in towns and villages across Britain over the next five years if it wins the general election on 4 July.
UBS offers to repay former Credit Suisse clients 90 per cent of Greensill funds June 17, 2024 Swiss banking giant UBS has offered to repay former Credit Suisse clients 90 per cent of the funds they invested with specialist finance firm Greensill Capital, which collapsed in 2021.
Lendinvest issues profit warning after accounting error on £5m securitisation deal June 17, 2024 Property fintech Lendinvest has issued a profit warning for its 2024 financial year after an accounting error related to a £5m securitisation deal.