Softbank’s Vision Funds book record £31bn loss – but Alibaba sale helps cushion the blow May 11, 2023 Japanese investment giant Softbank continued to shed cash from its storied Vision Funds in the three months to March even as a slew of asset sales and tech rebound helped narrow losses across the firm.
‘I’m sick of the UK bashing – it’s an incredible place to start a business’ – why PrimaryBid chief Anand Sambasivan is still bullish on London May 11, 2023 The chief of fintech PrimaryBid tells Charlie Conchie why he's bullish on London's prospects despite a capital markets downturn
Allica Bank’s Richard Davies on navigating crises and plans for business banking domination May 4, 2023 Amid a crowded field of UK challenger banks, Allica's function-over-fashion approach is serving it well, says CEO Richard Davies
London Stock Exchange chief: Risk aversion is holding back our capital markets April 26, 2023 British investors need to better understand risk if the UK is to realise the potential of its capital markets, the chief of the London Stock Exchange said today, as top City figures were grilled by MPs on an exodus of firms away from London.
UK venture capital investment tumbles to pre-pandemic levels as market jitters linger April 26, 2023 Venture capital investment in the UK tumbled back to pre-pandemic levels in the first three months of the year as a slump in start-up valuations and volatile markets continue to spook investors.
Bitcoin could top £80,000 by next year, Standard Chartered says April 24, 2023 Bitcoin could surge to $100,000 by the end of next year as central bankers ease interest rates and a so-called “crypto winter” thaws, according to analysts Standard Chartered.
Women in Payments Europe 2023 Unites Industry Trailblazers in London April 20, 2023 | Sponsored City A.M. is excited to announce that it will be a media partner for Women in Payments Symposium 2023. This year our symposium is taking place in London – Europe’s major fintech hub and a great place to host a major payments event for good reasons. As a leading global financial centre, the UK capital [...]
Klarna’s UK chief on looming regulation – and why it might not settle the buy-now pay-later debate April 20, 2023 Klarna's UK chief talks a regulatory crackdown - and why the debate around buy-now pay-later products may continue
WANdisco: FCA probes tech firm ‘mis-stating’ financial position – after $115m of false sales revealed April 20, 2023 WANdisco, the beleaguered tech firm, is now under investigation by the The Financial Conduct Authority into alleged fraud. It is looking to whether the data activation platform misrepresented its accounts, and comes after the chief executive and finance boss stepped down after an internal investigation found that $15m of revenues and $115m of sales last [...]
Credit card market ‘broken’ with as little as three per cent of customers switching, but could open banking provide a solution? April 19, 2023 The UK’s credit card market is “broken” with as few as three per cent of customers changing providers despite the hefty costs that consumers face, a new report shows. According to fintech firm Cardeo, the UK is the European country most reliant on credit card spending with 35 per cent of consumer credit in credit [...]