Q&A: what is COP15 and why should investors care? City Talk The UN biodiversity summit COP15 is taking place in Montreal, Canada, next month. We explain why it matters. COP27, the UN climate summit, is well-known as the world’s biggest conference on climate change. But many people may be unaware of what COP15 is and why it’s important. In this quick Q&A, we look at why [...]
Barclays slapped with £8.4m fine over card payment failings Payments fine Barclays has been slapped with an £8.4m fine from the payments regulator today after failing to comply with rules governing the cost of card transactions with retailers.
Bankman-Fried claims he ‘didn’t ever try to commit fraud’ FTX Sam Bankman-Fried tried to reject allegations he had committed fraud in the collapse of his crypto exchange FTX yesterday as he mounted his first public defence since the implosion of the exchange earlier this month.
Bitcoin ‘on the road to irrelevance’, says ECB November 30, 2022 The European Central Bank said Bitcoin is on the “road to irrelevance” today as it slammed the cryptocurrency as a “speculative bubble” with no productive value.
City watchdog looks to boost access to financial advice for consumers November 30, 2022 The Financial Conduct Authority has laid out measures to widen access to financial advice today to allow consumers to “invest with confidence” amidst a cost of living crunch.
British Steel pension members set for £49m redress, FCA announces November 28, 2022 More than 1000 former members of the British Steel pension scheme are set to be paid £49m after the UK’s financial watchdog ruled they received wrong advice from financial advisors looking to pocket huge fees.
Nurses to walk out for two days in run up to Christmas with more strikes likely November 25, 2022 Nurses will strike on two days in the run up to Christmas with more dates likely to be announced. The Royal College of Nursing announced that healthcare workers would walk out on Thursday 15 and Tuesday 20 December. They said in meetings with the government, ministers ‘sidestep the serious issues of NHS pay and patient [...]
Banks may sabotage plans to reimburse scam victims, MPs warn November 24, 2022 Lawmakers are set to scrutinise plans to force banks and building societies to pay back victims of scams amid concerns banks may sabotage the plans with misleading delays, a committee announced today.
Taxman grabs 30 per cent more from Brits over last five years November 23, 2022 The amount of money the taxman takes away from Brits has climbed 30 per cent over the last five years, City A.M. analysis of official figures shows. In the year to 31 October this year, HMRC collected £757bn in taxes, up from £584bn in 2015/16, stats out this week reveal. The rise in tax revenues [...]
Experian profits rise as customers lean on credit checks November 16, 2022 Credit checker Experian reported a 21 per cent slump in pre-tax profits in the first half of the year on as soaring inflation and rising interest rates pushed up costs and devalued its assets across Europe and the Middle East.