L&G chiefs lay blame for LDI pension crisis at Truss’s door November 22, 2022 Legal & General chiefs said no one could have predicted the “extraordinary instability” that rocked pension funds in the wake of Liz Truss’s ’mini-budget’ today, as they pointed the finger squarely at the government for the scale of the crisis.
UK fintech ‘can’t assume talent will continue to flow from abroad’, warns sector chief November 22, 2022 The UK’s fintech industry cannot “rest on its laurels” and presume that a stream of talent will continue to flow in from overseas, the incoming chief of a government-backed fintech body has warned.
FTX bankruptcy team finds more than £1bn across Bankman-Fried’s crypto empire November 22, 2022 The team overseeing the bankruptcy of collapsed crypto exchange FTX has managed to located more cash held by Sam Bankman-Fried’s sprawling crypto empire, bringing the total to $1.24bn (£1.04bn).
Bitcoin tumbles below £13,500 as FTX turmoil continues November 21, 2022 Bitcoin has plunged below $16,000 (£13, 566) dollars today as investors flee to steadier ground amid turmoil sparked by the collapse of crypto exchange FTX.
Molten Ventures slumps to first half loss as tech downturn hits November 21, 2022 Listed venture capital investor Molten Ventures has slumped to a loss in the first half of its financial year after its tech investments were battered by a downturn on the markets.
FCA warns trading firms over dangerous ‘gamification’ November 21, 2022 The UK’s financial watchdog has fired a warning shot at trading apps today over the so-called gamification of betting on the financial markets, amid fears unsophisticated investors are being lured in to bets against their own interest.
Fasanara bags $200m fintech mandate from Canadian pension fund November 21, 2022 London-based asset manager Fasanara Capital has won a $200m mandate from one of Canada’s largest pension funds to channel cash into fintech firms around the world.
Arm delays IPO plans as recession shakes markets November 20, 2022 British chipmaker Arm has pushed back its plans for an initial public offering this year as markets are rocked by recessionary fears and soaring inflation.
Accelerate pension rules overhaul to spur investment, says Phoenix chief November 20, 2022 Ministers must accelerate reform to pension and insurance rules in order to unlock a wave of private investment from the City, the chief of Phoenix Group has said.
Capital gains tax changes strike ‘heavy blow’ to investors November 17, 2022 The Chancellor has slashed the exemption amount for capital gains tax and cut the dividend allowance in half today in a move that will strike a “heavy blow” to the UK’s entrepreneurs and investors.