Labour candidate’s failed FX firm held £2.7m for company embroiled in bribery scandal June 27, 2024 The collapsed foreign exchange (FX) firm owned by Labour candidate and former deputy mayor of London, Rajesh Agrawal, was holding millions of pounds in cash for a Maltese company linked with a bribery scheme, City A.M. can reveal.
UK payment firms warn new fraud refund rules could ‘freeze’ systems in October June 26, 2024 The UK’s payments watchdog is under growing pressure from the firms it regulates to rethink new fraud refund rules that industry chiefs say could wreak havoc for both companies and consumers.
Fintechs set for ‘substantial uptick’ in stock market listings as UK investment rebounds June 26, 2024 The fintech market is primed for a “substantial uptick” in IPO activity, according to Boston Consulting Group, as investor sentiment around UK start-ups rebounds after a bruising 2023.
FTSE 100 today: London markets brace for cautious trading ahead of US inflation and election June 26, 2024 Asian markets traded mixed despite Wall Street closing higher, with Nvidia climbing over 6 per cent. Focus on US new home sales.
Funding Circle offloads US business for £33m in bid to stem losses June 25, 2024 Small business lender Funding Circle has struck a deal to sell its US arm to Florida-based iBusiness Funding for £33m as it looks to stem losses and boost its struggling share price.
Flock: London insurtech partners with FTSE 100 giant Admiral to expand offering June 25, 2024 Motor fleet insurtech Flock has partnered with industry giant Admiral's venture-building business to expand its product range and appeal to a broader customer base.
FTSE 100 today: London markets set for muted open ahead of US PCE inflation June 25, 2024 Asian markets quieted post-Wall Street tech sell-off, with Nvidia falling 6.68 per cent. All eyes are on US house price data and Fedspeak.
Klarna to exit checkout business after finding conflict of interest with rivals Adyen and Stripe June 24, 2024 Buy-now pay-later giant Klarna is set to exit its checkout business after finding that the division created a conflict of interest with fintech peers like Adyen and Stripe.
FTSE 100 today: Blue-chip index set to break five-week losing streak June 21, 2024 Asian markets declined alongside Wall Street, while gold aimed for a second weekly gain. All eyes are on global PMI data and UK retail sales.
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.