Bank of London: Peter Mandelson-backed fintech sees losses widen Banking The Bank of London’s parent company had made another steep loss in fresh accounts that were delayed for the second consecutive year. The embattled clearing bank’s parent company, Oplyse Holdings, made a loss of £46.9m in 2024, bringing the firm’s cumulative deficit to £167.7m. Fresh accounts for Oplyse Holdings – which was formerly known as [...]
Bank of London hit with £2m fine for ‘misleading’ watchdog Fintech The Bank of London has been slapped with a hefty fine from the banking watchdog after “misleading” the regulator and “failing to act with integrity”. The embattled fintech and its parent company Oplyse Holdings are on the hook for £2m after the watchdog found it failed to be open regarding its capital position. It marks [...]
Bank of London appoints former Credit Suisse boss as chief executive Banking Embattled fintech ‘unicorn’ the Bank of London has appointed the former UK boss of Credit Suisse as chief executive today, as it looks to recover from a string of setbacks and the sudden exit of its founder last year. In a statement, the digital clearing bank said Christopher Horne, who previously headed the failed Swiss [...]
Bank of London shakes up UK board in investor-led recovery plan December 5, 2024 The Bank of London has appointed four new directors to its UK bank board and replaced its chair as the troubled fintech ‘unicorn’ looks to recover from a string of setbacks in recent months. The lossmaking start-up, which has faced heavy scrutiny over its governance and finances, said on Thursday that Metro Bank director Catherine [...]
Bank of London: Peter Mandelson and Harvey Schwartz exit troubled fintech October 30, 2024 The Bank of London has announced the exit of Labour grandee Peter Mandelson and ex-Goldman Sachs executive Harvey Schwartz from its board in the latest shake-up at the troubled fintech unicorn.
Bank of London: Questions persist over unicorn’s finances and governance September 24, 2024 In the span of just two weeks, fintech "unicorn" The Bank of London has gone from relative obscurity to being thrust into the public spotlight for all the wrong reasons.
Bank of London shakes up City advisers after row with taxman September 9, 2024 The Bank of London launched an emergency effort to contain the controversy surrounding the fintech over the weekend as it was hit with a winding-up petition over unpaid taxes shortly after its chief executive stepped down.
The Bank of London reveals £42m fundraise days after winding-up order from HMRC September 8, 2024 Fintech ‘unicorn’ the Bank of London has announced a £42m injection of funding today after a tumultuous week in which it was hit with a winding-up order and revealed its chief executive was stepping down. In a statement, the specialist clearing bank, one of only two to be created in the UK in the past [...]
The Bank of London Group handed HMRC winding-up order after chief steps down September 7, 2024 The Bank of London Group, a fintech unicorn boasting Peter Mandelson on its board, was handed a winding-up petition by the UK's tax authority just two days after saying its founder would step down as chief executive, City A.M. can reveal.
The Bank of London founder steps down as chief executive September 3, 2024 The Bank of London has announced that Anthony Watson is stepping down as chief executive eight years after founding the firm.