Bitcoin has no future in payments, warns top crypto boss May 16, 2022 Crypto billionaire Sam Bankman-Fried has warned bitcoin will never function as a payments network due to its inefficiency, as the crypto world scrambles to steady the market after a sell-off frenzy in the past week.
Plus500 hikes profit expectations after first quarter trading frenzy May 16, 2022 Shares in London listed fintech group Plus500 jumped this morning as bosses hiked profit and revenue guidance for the year on the back of a bumper set of first quarter results.
OakNorth boss Rishi Khosla is braced for the next economic crisis May 13, 2022 Rishi Khosla has become rather used to dealing with economic crises over the past seven years.
Top pension funds throw weight behind emerging market net zero transition May 12, 2022 A group of the UK’s top pension funds have thrown their weight behind driving the net zero transition in emerging markets today, as pressure grows on pension scheme to decarbonise their investment portfolio.
Government pushes back plans for corporate climate disclosure May 12, 2022 The government made an eleventh hour move to scrap plans forcing UK corporates to disclose their environmental impact from the Queen’s Speech this week, according to reports.
Hargreaves Lansdown hit by fall in customers and inflows amid market turmoil May 12, 2022 Retail investment platform Hargreaves Lansdown has been hit by a fall in customers and inflows this year as market turbulence caused Brits to pull back from investment.
SoftBank’s Vision Fund suffers $26bn loss after tech rout May 12, 2022 Japanese investment giant SoftBank posted a record $26.2bn loss in its flagship Vision Fund arm today after a torrid quarter in which interest rates and geopolitical volatility have battered the firm’s major tech holdings.
Clive Bannister set to take over as CMA chair after two-year hunt May 12, 2022 The UK’s competition watchdog is set to appoint former Phoenix Group and HSBC executive Clive Bannister as its chair after a two year hunt, according to reports. Bannister will takeover as chair of the Competition and Markets Authority (CMA) after Andrew Tyrie, the former chair, was ousted in 2020 in a boardroom coup, the Financial [...]
BlackRock to wind down support for ‘prescriptive’ climate resolutions May 12, 2022 BlackRock is planning to decrease its support for shareholder climate resolutions this AGM season over concerns that many of those tabled are “too prescriptive”.
Exclusive: Pressure mounts on Treasury over BNPL regulation as Woolard says ‘pace has slowed’ May 12, 2022 Pressure is mounting on the Treasury to greenlight the next stage of buy-now pay-later regulation as concerns grow over the use of the products in the midst of a cost of living crisis.
