Former HSBC Company CFO Joins GFA Exchange Advisory Board Sponsored Inclusive Fintech Startup Attracts Global Experience To Transform Financial Services Mark Body, a highly accomplished financial management professional and director has recently joined the advisory board at award-winning fintech, GFA Exchange. He brings a wealth of experience as the former Global CFO of HSBC ServCo, an £18 billion business unit within the largest bank in [...]
FCA boss pledges to review listing rules to avoid another Arm snub FINANCE The chief of the Financial Conduct Authority has pledged to review the UK's listing rules after several British firms ditched the City and opted for New York listings.
‘Sink or swim’: Delayed update leaves UK’s £4bn open banking sector in limbo at critical moment Open Banking The UK’s £4bn open banking sector faces a “sink or swim moment” as the industry awaits a crucial update on the future of the industry in the coming weeks, a lobby group has warned. Open banking, which was first rolled out by regulators in 2017 to force dominant high street lenders to open up their [...]
FTX: Bankman-Fried charged with paying $40m Chinese bribe March 29, 2023 U.S. prosecutors on Tuesday unveiled a new indictment against Sam Bankman-Fried, accusing the founder of the now-bankrupt FTX cryptocurrency exchange of paying a $40 million bribe to Chinese officials so they would unfreeze his hedge fund's accounts.
Start-up apocalypse? Cash crunch could wipe out venture-backed firms this year, Morgan Stanley warns March 28, 2023 Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned.
It ain’t easy being CZ: Binance chief sued by US regulator for alleged trading violations March 27, 2023 The chief of crypto exchange Binance has been sued by US regulators today for a slew of trading rule violations, including helping customers evade its own compliance controls.
Adios Amigo? Lender set to wind down after failing to raise £15m survival cash March 23, 2023 Controversial lender Amigo loans is set to be wound down after failing to raise cash as part of an emergency turnaround plan.
UK ‘unicorn’ creation plummets as tech venture capital dries up March 23, 2023 The creation of so-called unicorns in the UK’s tech sector slowed by more than ten times last year as venture capital dried up and companies reined in their valuations to raise cash, new data has revealed.
Why pension funds might not be to blame for the UK’s capital market decline March 21, 2023 Pension funds have taken on an interesting new role in the City psyche over the past year. Once just guardians of the country’s retirement cash, they have morphed into punch bags on which to unleash frustration at the UK’s capital market decline. A sort of anti-growth coalition unwilling to back home-reared equities and believe in [...]
HSBC won’t ‘smother’ Silicon Valley Bank after rescue deal, says chief March 19, 2023 The boss of HSBC has said the bank will not “smother” the former UK arm of Silicon Valley Bank or overhaul its operations after it swooped in with a £1 rescue deal last week. The UK subsidiary of the California-based start-up lender was snapped up by HSBC just before market open on Monday in a [...]