Wise launches cross-currency investment feature for UK customers September 21, 2021 British fintech giant Wise has entered the retail investing space with its new feature “Assets”, which allows UK account holders to invest in stocks across 54 currencies. As of today, individuals and businesses holding Wise accounts will be able to hold their money as stocks and use Assets to invest in BlackRock’s iShares World Equity [...]
Revolut is taking on Robinhood with the launch of commission-free retail trading in US September 21, 2021 Revolut, the UK’s most valuable fintech, is targeting the booming retail trading market with the launch of commission-free stock trading for US customers. The $33bn fintech’s “Revolut Securities” arm has today been approved as a licensed broker-dealer in the the US, which will enable it to launch commission-free stock trading to its stateside customers in [...]
Post-pandemic surge in job vacancies benefitting low skilled male workers September 21, 2021 Workers in low paying occupations are in high demand post-pandemic with vacancies up by a fifth according to a new study. While recent ONS data showed that worker vacancies surged to a record 1m in August the IFS has revealed that demand is patchy across the jobs market. Vacancies in the lowest-paying third of occupations [...]
Coutts CEO: When time is money, why we spent it on becoming a certified B Corporation bank September 21, 2021 Coutts recently became the largest UK private bank and wealth manager to become a B Corp. It has taken a lot of people and a lot of work over the last two years to get through the stringent scrutiny and analysis by B Lab UK required for certification. But time is often equated with money [...]
Blackstone to create 2,700 UK jobs with £850m investment September 20, 2021 Blackstone owned BioMed Realty plans to announce a £850m investment in the UK at a reception hosted by Boris Johnson while on a State visit to the US. The Prime Minister will tomorrow meet representatives from a number of American companies which invest in the UK, including Blackstone, the parent company of BioMed Realty. The [...]
Brits face choice between heating and eating, warns personal finance guru Martin Lewis September 20, 2021 Thousands of Brits will be forced to make the devastating choice between heating and eating as energy bills rise, Martin Lewis has warned. The consumer and personal finance champion called the ongoing energy crisis “catastrophic” and said intervention is needed to help consumers. Soaring wholesale gas prices are putting an upward pressure on energy bills. [...]
Video games company Keywords Studio appoints new CEO September 20, 2021 The video games company has named Bertrand Bodson as its new chief executive officer, after Andrew Day forwarded his retirement plans. Bodson, who will be appointed as CEO in December, is currently the chief digital officer at healthcare provider Novartis. Prior to joining Novartis in 2018, Bodson acted as the chief marketing officer at Sainsbury’s [...]
JP Morgan’s digital retail bank Chase to launch in UK next week September 17, 2021 JP Morgan will next week launch its new digital-only lender ‘Chase’ in the UK, as it aims to become one of the biggest banks in the country. In its first international expansion through a retail operation in the bank’s 222-year history, JP Morgan will initially offer only current accounts through the new lender Chase, before [...]
Largest-ever wealth drop: Chinese e-commerce mogul loses $27bn September 17, 2021 The founder of a Chinese e-commerce platform has reportedly seen his wealth nosedive $27bn this year – the largest wealth drop in the world on record. Colin Huang, who made his wealth through his platform Pinduouo (PDD), has suffered as a result of China’s hawkish regulations on internet and technology firms. The biggest plunge in [...]
University education contributes to regional inequality, according to IFS September 17, 2021 University education is contributing to geographical inequality across the UK, according to a new report published by a leading economic think tank today. Higher education allows graduates to move to London and other cities that offer better career prospects, shows research by the Institute for Fiscal Studies. By the age of 27, graduates are 10 [...]
