Binance ‘temporarily pauses’ stablecoin withdrawals after run December 13, 2022 Binance has registered $1.9 billion of withdrawals in the past 24 hours, blockchain data firm Nansen said on Tuesday, as the world’s biggest crypto exchange said it had “temporarily paused” withdrawals of the USDC stablecoin. How crypto exchanges such as Binance and its now-bankrupt former rival FTX handle customer deposits is under close scrutiny from [...]
Bailey warns against ripping up City rulebook in Edinburgh reforms December 13, 2022 BANK OF ENGLAND Governor Andrew Bailey poured cold water on ambitious Government plans to rewrite the financial services rulebook today, warning that the regulatory issues which led in part to the global financial crisis have not gone away. The government is set to tweak some 30 pieces of regulation which it believes will free the [...]
Rail strikes: More competition could see unrest become a thing of the past December 12, 2022 Government cannot continue to abdicate responsibility - it is time to bang some heads together to end the rail strikes
Vodafone has grown ‘too fat’ warns French activist investor December 11, 2022 The French activist investor keeping Vodafone’s board on its toes said this weekend that the telecoms giant had become “too fat, too slow (and) too complex.” Xavier Niel, who holds a significant chunk of the firm’s shares, told the Sunday Times the giant needed to sell infrastructure and “smaller non-core assets in order to regain [...]
Harry Kane: I’ll come back stronger after penalty miss December 11, 2022 England captain Harry Kane insists he will use their disappointing World Cup exit to be mentally stronger in the future. The Tottenham striker, who had earlier converted from the spot to go level with Wayne Rooney as the country’s leading scorer on 53 goals, missed a late penalty which would have made it 2-2 against [...]
Big Bang 2.0? Smart post-Brexit reforms can put power in the country’s engine December 8, 2022 It may be a transparent nod to the geographical spread of the UK’s financial services industry, but the fact the Chancellor is delivering his thesis on the country’s post-Brexit regulatory regime north of the border is worth noting. The phrase Big Bang 2.0 has been ditched – it’s now the Edinburgh Reforms – but the [...]
MLB London: Why baseball bosses believe the sport can thrive in London December 8, 2022 Once a fortnight during the football season, the Emirates Stadium fills up with 60,000 committed Arsenal fans cheering on the Gunners. Online, millions of supporters across the world tune in for highlights and videos – with more to shout about this year than most. One could imagine that Ben Ladkin, who spent 11 years masterminding [...]
Capital can’t be complacent about attracting new talent December 7, 2022 The perils of business journalism are many but one that is often under-remarked upon is the danger of drowning in data releases. Inboxes our end are full of new analyses, some of relatively questionable value, and it is sometimes hard to see the wood from the trees. Not so yesterday when the latest iteration of [...]
All hail the political u-turn – we should welcome more of them December 6, 2022 Should you be driving towards the edge of the white cliffs of Dover, hands on the wheel and pedal to the metal, you can imagine that any passengers who happened to be in the car alongside you would be encouraging you, at some volume and with no small level of profanity, to turn the thing [...]
Questioning the impact of remote working doesn’t make you a dinosaur December 5, 2022 Speak to a lot of chief executives in private – especially once those magical words ‘off the record’ are uttered – and you’ll hear all sorts of frustrations with the state of everything from our politicians to their human resources department. But one topic that keeps coming up – almost anathema in our wider business [...]
