FCA: Cum-ex trader hit with £5.95m fine for ‘sham’ trading scheme Trading The Financial Conduct Authority has slapped a so-called cum-ex trader with a £5.95m fine and banned him from working in financial services today for his role orchestrating a “sham” trading scheme.
Could Glencore really ditch the so-called ‘home of mining’ the London Stock Exchange? Mining Activist investor Tribeca sent jitters through the City yesterday with the claim that London had lost its lustre for the likes of Glencore - but could it leave?
Vodafone offloads Italian arm and kicks off bumper buyback Telco Vodafone has struck a deal to offload its Italian arm for $8bn and announced plans for $4bn share buy back today in the “third and final step” of efforts to simplify its sprawling European business.
Motor finance probe accelerates as FCA chief warns it’s ‘improbable we’ll find nothing’ March 14, 2024 The Financial Conduct Authority said it is looking to accelerate its probe into the motor finance market today as chief Nikhil Rathi warned that it is “improbable we will find nothing to report”.
London ‘no longer the home of mining’ as activist pushes for Glencore to shift listing to Sydney March 14, 2024 The proposals included shifting the company's primary stock market listing from London to Sydney.
Anne Boden: ‘Things haven’t got much better for women in tech in 40 years’ March 14, 2024 Former Starling Bank chief Anne Boden sits down with City A.M. to discuss her early career, sexism in the City and life beyond the bank.
FCA chief Rathi: Pension industry must ‘tackle questions’ on risk appetite March 13, 2024 The pension industry needs to “tackle questions” about its risk appetite as the government piles pressure on the sector to pump more cash into UK-based companies, the chief of the Financial Conduct Authority has said.
Sir Nigel Wilson: Britain’s bosses must stop ‘moaning, groaning and whinging’ March 12, 2024 UK bosses need to stop “moaning and groaning and whinging” and start talking up Britain as a place to do business, the former boss of Legal & General has warned.
London fintech Tide set to launch in Germany as it looks to grow international footprint March 12, 2024 The international push comes after rapid growth in the UK, where it now boasts around 575,000 small business clients, alongside over 200,000 from its Indian division.
Wise founder and Legal & General back £63m ‘inclusive’ London start-up venture fund March 12, 2024 Legal & General and the founder of fintech firm Wise are among a host of big name investors to back a new London venture fund looking to pump cash into “inclusive” start-ups.