The unstoppable rise of the challenger bank: Canary Wharf’s retail giants have reasons to be worried January 22, 2022 If traditional retail banks have paid any attention to the latest data from the City watchdog, they have reasons to be worried, because challenger banks are increasingly taking over traditional banking services from established financial institutions. In fact, nearly 10 per cent of all accounts are now held with a so-called digital “challenger” bank. A [...]
Head of London Metal Exchange quits for crypto start up January 21, 2022 London Metal Exchange chief Matthew Chamberlain is quitting after five years in the role to join crypto start up, Komainu.
Q&A: why tackle harmful deforestation – and how? January 21, 2022 | City Talk With around 80% of terrestrial biodiversity existing in forests, deforestation poses a critical threat. It also has a broader impact on climate change, human rights and even global health, as the Covid-19 pandemic has brought to light through a suggested link with zoonotic disease (explained below). If tropical deforestation were considered a country, it would [...]
Oil prices slide as production ramps up Stateside January 21, 2022 Oil prices have tumbled as market sentiment took a downturn following rising inventories the US, with questions over future benchmark performance.
Business Secretary says households will have to wait until March for help with soaring energy bills January 21, 2022 Business Secretary Kwasi Kwarteng has said households must wait until March to find out what help the government can offer for rising energy bills.
Getting on the property ladder: Here are the most affordable places in Britain for first-time home buyers January 21, 2022 In London, Bromley is the most affordable borough for first-time buyers, while Kensington is unaffordable for those trying to get onto the property ladder. Nationwide, Scotland remains the cheapest place to snap up a property. First-time buyers face spending at least six times their annual wages to get on the property ladder in nearly half [...]
Russia’s central bank proposes crypto mining and trading ban January 21, 2022 The Bank of Russia has published a damning consultation on digital assets which proposed outlawing crypto trading and mining.
Downing Renewables snaps up Swedish hydropower plants in €25m deal January 21, 2022 DORE has acquired two portfolios of Swedish hydropower plants for €25m - with the deal expected to be closed within a week.
Former F1 boss confirms withdrawal from race to snap up Playtech January 21, 2022 Ex-formula 1 boss Eddie Jordan has confirmed he has pulled a potential £3bn takeover bid for Playtech.
Close Brothers grows assets under management to £16.6bn January 21, 2022 Close Brothers' asset management arm secures £1bn of new client capital in just five months as markets ticked upwards.