DOJ and CFTC set their sights on KuCoin March 28, 2024 This week, the crypto market experienced some of the most severe fear, uncertainty and doubt (FUD) of the cycle so far. Not only did two US government agencies indict one of the largest centralised exchanges on criminal charges, but North Korean hackers also exploited a popular protocol on a new Ethereum Layer 2. So, just a normal day during a crypto bull market. The exchange in question was KuCoin.
FTSE 100 today: London markets poised for quiet start as traders take break before Easter March 28, 2024 Asian shares stay calm despite the S&P 500 hitting a new high. The US dollar holds firm post comments from the Federal Reserve's Waller. Attention turns to possible yen intervention by Japan, while gold prices decline. Investors await updates on US consumer confidence and UK Q4 GDP.
All eyes fixed on Japanese yen as authorities threaten intervention March 28, 2024 Japan's top monetary authorities met urgently to address the yen's weakening, vowing market intervention to prevent disorderly currency fluctuations as the yen hit a 34-year low against the dollar.
Why UK consumers had to foot a £7bn (and-growing) gas bill for National Grid March 28, 2024 In 2023 alone, balancing the grid cost billpayers £2.85bn, equivalent to every electricity consumer in Britain paying an extra £80 per year.
Natwest boss drops third of executive committee after government slashes stake March 27, 2024 New Natwest boss Paul Thwaite, who formally became chief of the bank in Febraury, has restructured the group's management team.
Tom Hayes: Court upholds Libor conviction as top MP warns London now an ‘outlier’ March 27, 2024 The Court of Appeal has upheld the conviction of former Libor trader Tom Hayes today after he spent years in prison for rate-rigging – with one MP saying the decision made the capital an “outlier” compared to other financial capitals. On Wednesday, Lord Justice Bean read out a press summary at the Court of Appeal, [...]
Investec launches £250m real estate fund… But not for retail investors March 27, 2024 The strategy, called 'REALIS,' is aimed at institutional investors and high-net-worth individuals rather than retail investors.
ENRC: Court refuses SFO bid to appeal rulings in legal battle with Kazakh mining firm March 27, 2024 The Commercial Court rejected the UK anti-fraud agency’s application to appeal two recent decisions in the long-running ENRC litigation. The Serious Fraud Office (SFO) has been involved in the long-running dispute by the Kazakh mining firm Eurasian Natural Resources Corporation (ENRC) after it launched an investigation into it over alleged bribery and corruption back in [...]
Truth Social owner soars after float sets up £3.6bn windfall for Donald Trump March 27, 2024 Donald Trump could be in line for a £3.6bn windfall after his social media company's share price soared on its debut on New York's Nasdaq stock exchange.
As savers chase better returns from online-only accounts, bank branches wither March 27, 2024 Banks and savers alike are increasingly pulling back from branches, according to new research, as digital services offer lower operational costs for firms and better deals for customers.