Fintech lender Creditspring bags £48m to keep up with cost-of-living borrowing boom May 23, 2022 London fintech lender Creditspring has revealed a £48m cash injection today as it looks to meet a surge in demand as consumers turn to credit amidst a cost of living crunch.
Allica set for profitability this year after loan book swells to £560m May 23, 2022 UK business lender Allica Bank said it is set to hit profitability for the first time this year after its loan book ballooned to £560m in 2021.
Buy-now pay-later firm Tranch poised for US push after cash injection May 23, 2022 Business to business buy-now pay-later firm Tranch is poised for a move into the US this year after bagging a £3.5m funding injection, the firm revealed today.
FCA chair questions watchdog’s role in crypto regulation May 22, 2022 The chair of the UK’s top financial watchdog has questioned the role it should play in crypto regulation after hundreds of billions of dollars was wiped from the value of the market in the past month.
HSBC suspends sustainable investing chief over climate change comments May 22, 2022 Bosses at HSBC have scrambled to distance themselves from the firm’s sustainable investing chief after he questioned the need for investors to worry about climate change and asked “who cares if Miami is six metres under water in 100 years?”
Fund managers double down on defensive positions as inflation soars May 22, 2022 Investors are boosting cash holdings and piling into real estate this year as they look to stave off the worst impacts of soaring inflation and market volatility sparked by Russia’s invasion of Ukraine.
Atom Bank eyes US IPO in major snub to London May 22, 2022 UK digital lender Atom Bank is eyeing up a US listing in what will be a major blow to London’s efforts to promote itself as a premier destination for tech IPOs.
Johnson to face no further fines as partygate probe ends May 19, 2022 The Prime Minister will face no further fines over the so-called 'partygate' scandal after the Met closed its investigation into Downing Street parties today, a government spokeperson confirmed.
Klarna looks for fresh funding at slashed valuation of $30bn May 19, 2022 Buy-now pay-later giant Klarna is looking to raise fresh funding at less than a third of its most recent valuation, as the rout in global tech stocks begins to spread onto private markets.
FCA gives greenlight to River and Mercantile takeover by Gilbert’s AssetCo May 19, 2022 The FCA has given the greenlight today to the takeover of River and Mercantile by the investment vehicle headed by city veteran Martin Gilbert.
