Abrdn closes £1.49bn acquisition of Interactive Investor as it readies personal investing push May 30, 2022 Asset management giant Abrdn has completed its £1.49bn tie-up with investment platform Interactive Investor today after getting the greenlight from regulators.
City gender parity ‘a long way off’ as women make up under a quarter of top promotions May 30, 2022 Women made up less than a quarter of top promotions in financial services businesses in the past year in a sign the City is making slow progress towards gender parity, new data has revealed.
Trustly snaps up Ecospend in UK open banking push May 29, 2022 Swedish open banking firm Trustly has snapped up British rival Ecospend this week as it looks to ramp up its presence in the UK.
Woodford named in fresh lawsuit as investors look to recoup £18m three years after fund freeze May 29, 2022 Disgraced former fund manager Neil Woodford will be named in a fresh lawsuit this week as investors look to recoup losses following the collapse of his eponymous equity fund three years ago.
KPMG to cut back audit clients in bid to boost standards May 29, 2022 Big four firm KPMG will scale back its audit operation to focus on improving standards after being hit by a string of fines over audit failings in recent years.
Nationwide boss takes aim at rivals over bank branch closures May 29, 2022 The outgoing chief executive of Nationwide Building Society has taken aim at rivals for shuttering swathes of branches around the country, as he doubled down on the firm's commitment to maintaining its high street presence.
End of EU research funding will choke off UK deeptech, top professor warns May 27, 2022 An end to European research funding for UK universities could choke off a stream of so-called deeptech startups from attracting investment and making it to market, an expert has told City A.M.
Buy-now pay-later payments surge to $120bn after e-commerce take-up May 26, 2022 Payments via buy-now pay-later products (BNPL) rocketed to $120bn last year after a surge in adoption by e-commerce giants like Amazon and Shopify, fresh data has revealed.
Vanguard doubles down on fossil fuel investment May 26, 2022 Asset management giant Vanguard will continue investing in fossil fuels firms despite its commitment to hit net zero across its portfolio by 2050, its boss has revealed.
Klarna pulling back from growth to focus on profits, boss says May 26, 2022 Buy-now pay-later giant Klarna is shifting away from a high-growth strategy to focus on a fast-track route to profitability, boss Sebastian Siemiatkowski said today.
