JPMorgan braced for more than $1bn losses on digital retail bank Chase May 24, 2022 Wall Street giant JPMorgan said it is braced for more than $1bn losses as it grows its digital bank Chase over the next few years, with the retail lender passing the 500,000 customer mark in the UK today.
London-based venture firm Crane bags £112m for new ‘deeptech’ fund May 24, 2022 London-based venture firm Crane has bagged $140m (£112m) for a fresh ‘deep-tech’ fund today with £30m backing from British Business Bank-owned investor British Patient Capital.
Jope mounts defence of Unilever sustainability after run-ins with top investor May 24, 2022 Unilever boss Alan Jope has mounted a defence of the firm’s focus on sustainability today after a series of bruising bust ups with a top shareholder who accused him of putting purpose over profit.
UK surges ahead of Europe to retain crown as venture capital ‘epicentre’ May 24, 2022 The UK has retained its crown as Europe’s venture capital epicentre with 351 local investors now actively pumping cash into the country’s startups, new data has revealed
Crypto crash could threaten global financial stability, ECB warns May 24, 2022 A continued sell-off frenzy in crypto could threaten the stability of global financial markets, the European Central Bank has warned today.
Exclusive: Politicians jeopardise tech growth with hard-line immigration policy, top tech chief warns May 24, 2022 Open immigration is critical to the success of the UK’s tech sector but politicians are being distracted by hard-line point scoring, a top tech chief has warned.
UK dividends slump to $14.7bn in first quarter after slowdown in special payouts May 24, 2022 UK dividends slumped in the first quarter of the year after a slowdown in frothy one-off payouts that caused an $18.8bn spike between January and March last year.
Klarna to slash workforce by 10 per cent May 23, 2022 Buy-now pay-later firm Klarna will slash its workforce by around 10 per cent as it becomes the latest tech giant to announce a swathe of job cuts.
HSBC banker’s climate comments signal end to sustainable investing free-for-all, warns ESG pioneer May 23, 2022 The controversial comments made by HSBC’s responsible investing chief signal an end to the frenzied ESG marketing free-for-all seen in recent years, an ESG pioneer warned today.
Amigo takes step towards lending again as court approves compensation for mis-selling victims May 23, 2022 Beleaguered loans firm Amigo took a major step towards resuming lending today as it won High Court approval for a compensation scheme for customers that were mis-sold loans by the firm. Amigo bosses confirmed this afternoon that the High Court had completed a hearing and the Judge would sanction a scheme that will see victims [...]
