Bob Diamond’s acquistion vehicle abandons merger with crypto firm Circle Crypto crash Bob Diamond’s acquisition vehicle has scrapped a deal to take cryptocurrency firm Circle public today as the sector is rocked by the collapse of crypto exchange FTX and a slump in prices.
Bitcoin could tumble to £4,100 next year, analysts warn Bitcoin crash Bitcoin could plunge by a further 70 per cent next year as investors scramble for safe havens like gold amid continued turmoil on the markets, analysts have warned.
Credit Suisse shares jump on rumours of Saudi Crown Prince investment Credit Suisse crisis Shares in beleaguered lender Credit Suisse have been given a boost today on reports that Saudi Crown Prince Mohammed Bin Salman is poised to snap up a stake of its spun out investment banking division.
Home REIT ‘significantly’ inflated property value, claims shadowy activist investor December 5, 2022 Home REIT has faced calls for its board to be sacked today for “significantly” inflating its property portfolio, in the latest of a string of attacks against the social housing investor in the past two weeks.
Allica Bank bags £100m cash injection after swing into profit December 5, 2022 Digital lender Allica said it had bagged a £100m cash injection today as it looks to guzzle up more of the UK’s small business banking market.
Bankman-Fried admits meetings on Alameda’s finances prior to FTX collapse December 4, 2022 Sam Bankman-Fried has admitted he had more knowledge of the financial health of FTX’s sister trading Alameda Research than previously suggested, as the extent of the ties between the two collapsed firms emerges.
FTX collapse shows need for venture capital ‘correction’, says investment chief December 4, 2022 The collapse of FTX has underscored a “distortion” in the venture capital market and the need for a correction across the industry, the boss of a global investment body has said.
Exclusive: Loosen pension rules to bridge ‘valley of death’ for climate tech, say policy groups December 2, 2022 A group of top tech bodies have called on ministers to rein in restrictions on pension funds today so they can fuel a wave of climate tech start-ups and bridge the “valley of death” funding gap facing the sector.
Barclays slapped with £8.4m fine over card payment failings December 1, 2022 Barclays has been slapped with an £8.4m fine from the payments regulator today after failing to comply with rules governing the cost of card transactions with retailers.
Peel Hunt profits plunge 99 per cent amid capital markets slowdown December 1, 2022 Peel Hunt said profits plunged by 99 per cent in the first half of the year as it is hammered by a slump in initial public offerings and volatility on the markets.
