Spac boom falters as regulators ramp up scrutiny April 24, 2022 A global boom in so-called blank-cheque firms has faltered in the first quarter of 2022 as investors grow sceptical of the vehicles and regulators prepare to clampdown on fanciful financial forecasting.
Scandal-stricken Credit Suisse poised for management shakeup April 24, 2022 Beleaguered bank Credit Suisse is lining up a management shakeup as new chairman Axel Lehmann looks to put the lender back on track following a string of scandals.
Insolvencies more than double as rampant inflation and rising interest rates hit firms April 22, 2022 Company insolvencies more than doubled last month as soaring inflation and rising borrowing costs pushed firms over the edge.
Top challenger banks exposed to cybercrime, warns city watchdog April 22, 2022 A group of the UK’s top challenger banks have left themselves vulnerable to terrorist financing, money laundering and fraud due to weak financial controls, the city watchdog warned today.
Chinese tech giant Tencent snaps up stake in business finance firm Previse April 22, 2022 Chinese tech giant Tencent has snapped up a stake in London business finance firm Previse as it accelerates its push into UK fintech.
UK venture capital surges ahead of Europe as investors shake off market jitters April 21, 2022 Venture capital investment in the UK and Ireland continued to boom in the first three months of the year as deal value surged ahead of European competitors.
PensionBee buzzes onto London’s top market as boss calls for rules reform April 21, 2022 The boss of fintech PensionBee has called for a swathe of reforms to London’s capital markets today in order to boost the growth of newly-listed tech firms, as the firm marks its shift onto London’s flagship market.
Banks lag on sustainability as regulators prepare to swoop on ESG performance April 21, 2022 Global lenders are lagging behind sustainability goals as watchdogs increasingly look to clampdown on environmental, social and governance (ESG) performance with regulation, a new report has found.
Barclays sells off half of Absa stake for £526m April 21, 2022 Barclays announced today it has sold off a major chunk of its remaining stake in South African banking group Absa for £526m as it continues to shed its holdings in the firm.
London VC firm unveils $20m fund to back student ‘deeptech’ innovation April 21, 2022 A London-based venture capital firm has unveiled a new $20m fund today to pump into so-called ‘deeptech’ projects emerging from universities across the UK and Europe.
