Is a crypto bull market coming? Bitcoin roars past $30k as investors bet on end to rate hikes April 11, 2023 Bitcoin has roared past the $30,000 dollar mark for the first time since June last year as investors pour into crypto in a bet on the end of rising interest rates.
New investment trust plots £100m IPO in boost for London April 11, 2023 A new investment trust has revealed plans for a £100m float on the London Stock Exchange today in a boost to the capital’s markets after a barren start to the year. Ashoka WhiteOak Emerging Markets Trust announced this morning that it would list a new investment vehicle that to back quoted firms that provide exposure [...]
Sluggish progress on open banking regulation has left consumers ‘at risk’ April 7, 2023 Sluggish progress on open banking regulation has left consumers “unduly at risk” and regulators need to urgently ramp up protection measures, a group of experts has warned. Open banking, which was rolled out by regulators in 2017 to force high street lenders to open customers’ data to trusted third-party firms, has been consistently touted by [...]
As Russia’s war in Ukraine rages on, venture investors are looking to cash in on ‘defence tech’ April 7, 2023 Russia's invasion of Ukraine brought a sharp close to a decade-long venture capital funding frenzy last year, as soaring inflation, rapid rate hikes and tumbling valuations caused investors to hurriedly tuck away their cheque books.
FCA shuts down Wealthtek over ‘serious regulatory issues’ April 6, 2023 The City watchdog has moved to shut down financial advisor Wealthtek and police have arrested one individual after “serious regulatory and operational issues” were uncovered at the firm.
London needs a new financial services story – and it should be crypto, says former chancellor Hammond April 6, 2023 Back in 2017, a word association for then-Chancellor Philip Hammond may have conjured up the likes of staid and steady over innovative and adventurous. Theresa May’s right hand man oversaw a turbulent period for the country but he was the last man in Number 11 to stick to the Office for Budget Responsibility’s forecasts. While [...]
‘Come to London’: FCA eyes up capital markets reform with 12 month plan to woo world listings back to the City April 5, 2023 The Financial Conduct Authority has laid out plans to “make the UK a more attractive place for business” today after a flurry of firms have ditched the UK in favour of foreign markets in recent months.
Home REIT: Embattled social housing investor looks to offload properties and ‘stabilise’ portfolio April 5, 2023 Scandal stricken social housing investor Home REIT said it is looking to offload some properties today as it scrambles to raise cash and “stabilise” its portfolio ahead of the appointment of a new investment adviser. In a statement this morning, bosses said the former FTSE 250 firm “continues to explore all available options” as it [...]
London fintech Clearbank triples revenues to £58m as firms flee to BOE-backed safety April 4, 2023 London fintech Clearbank has revealed its revenues tripled to £58m last year as financial firms rushed to the firm amid market turmoil and sharp rate hikes.
Railsr picks former blockchain boss as new CEO after emergency sale April 4, 2023 City fintech firm Railsr has appointed a former blockchain boss as its new chief executive as it looks to steady the ship with three senior appointments after it was saved from the brink of bankruptcy last month.
