Allica set for profitability this year after loan book swells to £560m May 23, 2022 UK business lender Allica Bank said it is set to hit profitability for the first time this year after its loan book ballooned to £560m in 2021.
Buy-now pay-later firm Tranch poised for US push after cash injection May 23, 2022 Business to business buy-now pay-later firm Tranch is poised for a move into the US this year after bagging a £3.5m funding injection, the firm revealed today.
FCA chair questions watchdog’s role in crypto regulation May 22, 2022 The chair of the UK’s top financial watchdog has questioned the role it should play in crypto regulation after hundreds of billions of dollars was wiped from the value of the market in the past month.
HSBC suspends sustainable investing chief over climate change comments May 22, 2022 Bosses at HSBC have scrambled to distance themselves from the firm’s sustainable investing chief after he questioned the need for investors to worry about climate change and asked “who cares if Miami is six metres under water in 100 years?”
Fund managers double down on defensive positions as inflation soars May 22, 2022 Investors are boosting cash holdings and piling into real estate this year as they look to stave off the worst impacts of soaring inflation and market volatility sparked by Russia’s invasion of Ukraine.
Weekend exclusive: Despite record fine of £160m for JPMorgan, City managers still have WhatsApp ‘blind spot’ May 22, 2022 The majority of financial institutions fail to monitor their employee’s WhatsApp conversations, according to new research shared exclusively with City A.M. today. A new poll of almost 100 City players, including investment banks, brokers, and investment managers, found that just 14 per cent actively carry out effective supervision or surveillance over the world’s most popular [...]
‘Live by the sword, die by the sword’: Chinese plot to take control of Congolese lithium mine could crash Australian firm’s shares May 20, 2022 A plot by a coalition of powerful Chinese battery manufacturers, to take control of the world’s biggest lithium mine, threatens to crash the share price of Australian miner AVZ Minerals, a mysterious short seller has said. AVZ Minerals could lose control over the Manano lithium mine in the Democratic Republic of Congo (DRC) and be [...]
FCA gives greenlight to River and Mercantile takeover by Gilbert’s AssetCo May 19, 2022 The FCA has given the greenlight today to the takeover of River and Mercantile by the investment vehicle headed by city veteran Martin Gilbert.
Invest more to help ease cost of living crunch, Sunak tells business chiefs May 19, 2022 The chancellor Rishi Sunak has called on businesses to ramp up investment in training and innovation to help alleviate a cost of living squeeze, in a speech to the country’s top business chiefs last night.
Activist shareholder group slams $68tn climate initiative for ‘lack of ambition and progress’ May 19, 2022 Activist shareholder group ShareAction has slammed the world’s largest climate investor initiative today claiming it has “failed to deliver any meaningful progress” on reducing corporate emissions.