Klarna set to share customer buy-now pay-later data with credit agencies as regulation looms May 4, 2022 Fintech giant Klarna is set to begin sharing buy-now pay-later (BNPL) information with credit reference agencies as the sector scrambles to get ahead of a regulatory clampdown expected this year.
Competition watchdog raises concerns over London Stock Exchange Group’s Quantile takeover May 3, 2022 The UK’s competition watchdog has raised concerns today that the London Stock Exchange Group’s takeover of transaction risk firm Quantile could damage competition in the sector.
Citi trader error sparks flash crash in European markets May 3, 2022 A flash crash in European stock markets yesterday was sparked by an error in a single sell-order trade by a Citigroup employee, it has emerged.
Johnson throws weight behind Arm IPO charm offensive May 3, 2022 Boris Johnson has thrown his weight behind attempts to woo British chipmaker Arm into floating in London, as parent company SoftBank looks set for a New York listing.
Mastercard records surge in spending as global covid restrictions ease April 28, 2022 Payments giant Mastercard recorded a surge in spending on its network in the first three months of the year as consumers splurged on holidays and shopping as global covid restrictions were eased.
MPs size up venture capital as an engine for ‘levelling up’ April 28, 2022 MPs revealed they are exploring the potential of venture capital to act as an engine of the government’s ‘levelling up’ agenda today, as the Treasury Select Committee opened a consultation into the state of the industry.
London-listed FinnCap snaps up sustainability consultancy in ESG push April 28, 2022 London-listed broker finnCap has snapped up a major stake in sustainability consultancy Energise today as the firm extends its reach into environmental, social and governance (ESG) advisory.
Watchdog unveils plans for fund ‘side pockets’ to shield investors April 28, 2022 The UK’s top financial watchdog has revealed plans for the use of so-called fund ‘side pockets’ today to ring fence assets that have become untradeable in the wake of Russia’s invasion of Ukraine.
Government reveals plans for Solvency II overhaul in bid to unlock funding boost April 28, 2022 The Government has revealed its plans to overhaul EU-era insurance regulation today in a bid to unlock billions of pounds of investment from the UK's insurance giants into UK infrastructure.
Chamber boss hits out at City of London for ‘laundromat’ complaints April 28, 2022 The boss of London Chambers of Commerce has hit out at the City of London Corporation today for complaining about London’s ‘laundromat’ label, claiming that questions have “rightly been raised” over the City’s reputation for dirty cash.
