Barclays’ high street U-turn exposes a divide in British banking Opinion Bank have ditched the high street over the last decade but is a comeback on the horizon? Samuel Norman explores the changes in this week’s column. In Westminster, the news cycle is never short of drama over U-turns. Subtle tweaks or direct bait-and-switches on policy are batted away by government spokespeople as mere “pivots” as [...]
The Debate: Should we put rats on our banknotes? Opinion Churchill's been ditched from UK banknotes. Is the rat a worthy successor? We hear the case for and against in this week's Debate.
Wise reports jump in users ahead of US dual listing Fintech Money transfer firm Wise delivered a bumper third-quarter as the UK fintech continued to lay the groundwork for its US dual listing. The payments firm recorded a 26 per cent surge in cross-border volumes to £47.4bn in its latest quarter as its customer base swelled. Wise said it now served near-11m users, up by a [...]
The six-figure club: Associates at elite US legal firms set for bonus boom December 30, 2025 More than 60 per cent of UK workers aren’t expecting a Christmas bonus this year, but that’s not the case for City lawyers, some of who will receive generous six-figure payouts. Many US law firms operate under the Cravath Scale, named after the law firm Cravath, Swaine & Moore, a transparent lockstep system of associate [...]
UK fintech Plum follows Klarna in securing e-money licence December 8, 2025 Smart money app Plum has managed to secure an e-money licence from the City watchdog, City AM can reveal, even as the volume of application approvals slumps. Plum, which was founded by the former head of banking at Wise, Victor Trokoudes, in 2016, has received authorisation to operate as an Electronic Money Institution (EMI) from the Financial [...]
UK fintech Wise profit falls amid shifting primary listing to US November 6, 2025 Money transfer firm Wise took a hit to profit in the first half of the year amid its move to shift its primary listing to New York. The fintech darling recorded a 13 per cent reduction in pre-tax profit at £254.6m despite soaring numbers in customers and volume. Marketing investment increased 59 per cent to [...]
Average Brit would need lifetime of earnings to become wealthy October 8, 2025 The average British worker would need to save more than a lifetime’s worth of earnings to become wealthy, fresh analysis has revealed. The ever-widening wealth gap means it would take £1.3m – around 52 years’ worth of average earnings – to jump from the middle to the top of wealth distribution. This is over a [...]
Brits earning over £100k worry more about money September 29, 2025 Six figure earners are more likely to worry about money than those on the average UK salary, according to fresh research. Eight in ten Brits who earn over £100,000 are worried about their finanical health, new research from fintech juggernaut Revolut has revealed. This came ahead of those on the national average between £35,001–£45,000 where [...]
University students lack basic financial knowledge, research finds September 9, 2025 Incoming university students lack basic understanding and knowledge of personal finance, leaving them at risk of running out of money, new research has found. Nearly 50 per cent of young adults felt stressed about their financial situation ahead of starting Higher Education, while four in ten didn’t feel at all prepared financially, according to retail [...]
British billionaire trader offers interns £26k a month September 4, 2025 A billionaire trader has said interns at his trading empire would be paid $35,000 (£26,000) as firms fight to snap up the best tech talent. Alex Gerko, boss of XTX Markets, is offering postgraduates a 12 to 14-week research internship where they could pocket between $105,000 and $122,500. The position, a role commanding four days [...]