Former Binance CEO faces four months behind bars May 2, 2024 On Tuesday, crypto took another blow from the US as industry icon “CZ” was sent to prison. This time it was Changpeng Zhao (CZ), the founder and former CEO of Binance, crypto’s largest centralised exchange, feeling the wrath of the US government. CZ received a four-month federal prison sentence for his role as CEO of the exchange and for breaching the Bank Secrecy Act. He will be the first CEO to go to prison for non-compliance with this act.
Banking stocks are back: Natwest leads FTSE 100 in 2024 as lenders beat expectations May 2, 2024 Just three months after Bank of England governor Andrew Bailey called their weak share prices a “puzzle”, the UK's biggest banks have buoyed investors with impressive returns.
Scotland set for weaker growth despite avoiding recession – but there is room for optimism May 2, 2024 Scotland's economy is set for weaker growth despite avoiding entering a technical recession, according to KPMG.
Booming tech sector helps London reclaim crown as Europe’s FDI capital May 2, 2024 London returned to its top spot as Europe's most important destination for foreign direct investment (FDI), new figures show.
Calls for a ‘British Library’ of the public’s data grow to help drive AI progress May 2, 2024 A think tank has called for the creation of a 'British Library' of the public's data to help improve Britain's position in the global AI race.
Petition against DWP’s plans for bank ‘mass spying’ powers nears 200k signatures May 2, 2024 An online petition calling on the UK government to abandon plans for "mass bank spying powers" has received more than 167,000 signatures as privacy campaigners slam new measures to combat fraud.
Tighter Whatsapp lobbying rules would have revealed Greensill scandal, MPs say May 2, 2024 Stricter transparency rules on lobbying over Whatsapp would have resulted in the Greensill scandal being uncovered, a group of MPs has said.
Mayoral election 2024: Last push as London heads to the polls May 2, 2024 Campaigners are set to give it one last push today as London heads to the polls to cast their ballots in the mayoral election.
City lawyer urges the government to ‘take back control’ of the FCA May 2, 2024 A City lawyer launched an extraordinary call for the government to “take back control” of the regulator yesterday after Jeremy Hunt rounded on the FCA over its plans to name firms under investigation. The Chancellor told the FT he hoped the Financial Conduct Authority (FCA) would “re-look” at its decision to make public the subjects of its [...]
FTSE 100 today: London shares poised to rise after US Fed maintains status quo; eyes on Apple and StanChart earnings May 2, 2024 Asian markets opened cautiously on Thursday after the US Federal Reserve signalled a delay in interest rate cuts, dragging Wall Street lower. Oil prices surged in anticipation of US reserve replenishment, and the yen strengthened amid intervention speculation. Qualcomm's stock surged on strong earnings. Focus now turns to earnings reports from Apple and StanChart.