Bank of England to hike FSCS protection from £85,000 to £110,000 Economics UK depositors will receive greater protection from the Bank of England as the amount of money covered by a nationwide deposit guarantee scheme is set to rise to £110,000. The scheme provides financial protection to depositors in case banks, building societies, and credit unions become insolvent. It is funded by a levy paid by regulated [...]
City grandees call in small firm specialists to ease London AIM exodus Investing The group of City grandees lobbying for reform of the UK’s capital markets has bolstered its team with two small-company-focused executives today, signalling a push from the body to address the crisis gripping the UK’s junior stock market AIM. The Capital Markets Industry Taskforce (CMIT), led by London Stock Exchange boss Julia Hoggett, said that [...]
Clearbank eyes flurry of new products amid ‘huge demand’ for fintech Fintech ClearBank is eyeing up a string of new business lines after hitting profitability and taking its first steps towards international expansion.
Naked Wines secures £47m boost as finance chief heads for exit July 9, 2024 Naked Wines has announced the departure of its chief financial officer as it secured a $60m (£47m) boost.