Autumn Budget: Investor confidence crisis ‘remains live’ Markets The likelihood of an investor confidence crisis in UK assets after last week’s Autumn Budget “remains live” and markets will “gradually lose faith” in the government’s fiscal plans despite the initial reaction being largely positive, an economics consultancy has said. A fresh analysis published by Oxford Economics said the government’s frontloaded spending and backloaded tax [...]
The five fintech segments to watch Fintech Global fintech funding slumped to its worst half-year in five years in the first six months of 2025. Investment reached $44bn (£32.47bn), falling from $54.2bn the year prior, whilst the number of deals fell from 2,376 to 2,216. Weak investment in the three months to June 31 2025, hurt the headline figures, with just $18.7bn [...]
Euro weakens as markets rally following EU-US trade deal Markets The euro fell against the dollar in early morning trading, as currency markets focused on the risks to the European economy from the EU-US trade deal despite a positive reaction from global stock markets. The currency was down 0.5 per cent against the dollar at $1.169, wiping away gains made last week after Trump’s “big [...]
Barclays, NatWest, Citibank, JPMorgan: Major British banks take forex rigging case to Supreme Court April 1, 2025 Central British banks, including Barclays and NatWest, will be at the Supreme Court today, aiming to overturn a decision in the forex rigging case.
Pound sterling slumps to $1.24 in the face of dominant dollar January 2, 2025 Sterling's sell-off was accentuated by data out from the US, which showed a smaller increase in the number of jobless claimants than had been anticipated.
Wise: Fintech’s shares pop as swelling customer base boosts profit November 6, 2024 Wise has posted a surge in profit as the money transfer fintech benefited from a swelling customer base and made investments to reduce prices.
Wise shares boosted by Standard Chartered FX deal November 5, 2024 Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
Currensea: Travel card fintech targets overseas growth after bumper summer October 22, 2024 Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.
CAB Payments posts slump in profit as currency shifts drag down earnings September 4, 2024 Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
CAB Payments partners with Visa to boost emerging markets service August 29, 2024 Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.