‘Sink or swim’: Delayed update leaves UK’s £4bn open banking sector in limbo at critical moment March 29, 2023 The UK’s £4bn open banking sector faces a “sink or swim moment” as the industry awaits a crucial update on the future of the industry in the coming weeks, a lobby group has warned. Open banking, which was first rolled out by regulators in 2017 to force dominant high street lenders to open up their [...]
Scottish Widows using pension power to fight climate change in £1.4bn green fund launch March 29, 2023 Pension giant Scottish Widows has launched £1.4bn worth of new green funds today which it said will inject into companies “helping to resolve nature and climate issues”.
Tech Nation in talks with Brent Hoberman’s Founders Forum as wind-down date looms March 28, 2023 Start-up quango Tech Nation said it is in talks to sell its brand to Brent Hoberman’s Founders Forum today as it prepares to wind down at the end of this month.
Start-up apocalypse? Cash crunch could wipe out venture-backed firms this year, Morgan Stanley warns March 28, 2023 Start-ups backed by venture capital (VC) could be wiped out in droves this year as cash dries up and investors turn off the taps, analysts have warned.
Binance: How has crypto exchange chief CZ hit back after regulators accused it of a trading violation March 28, 2023 The chief of the world’s biggest crypto exchange Binance has hit back at a move from US regulators to sue him night after, branding its civil complaint as an “incomplete recitation of facts”. The CFTC yesterday accused the controversial Binance chief Changpeng Zhao, known as ‘CZ’, and operations chief Samuel Lim, of multiple breaches of [...]
It ain’t easy being CZ: Binance chief sued by US regulator for alleged trading violations March 27, 2023 The chief of crypto exchange Binance has been sued by US regulators today for a slew of trading rule violations, including helping customers evade its own compliance controls.
How a £50bn pension super fund with an appetite for UK innovation could help make the City great again March 27, 2023 The UK’s pension funds should pool their assets in a £50bn ‘future growth fund’ or more firms will continue to shun London and list overseas, the Lord Mayor of London has warned today.
Exclusive: Home REIT investors draw up plans for ‘landlord of last resort’ as tenants collapse March 24, 2023 Investors in beleaguered social housing investor Home REIT are drawing up plans for a ‘landlord of last resort’ as the firm’s cash dries up and its tenant base collapses, City A.M. has learned.
‘When markets are weak, that’s the time to strike’: FinnCap poised for deal offensive after Cenkos tie-up March 24, 2023 The boss of London-listed investment bank and brokerage FinnCap said the firm was gearing up for a deal offensive this year after announcing a £42m tie-up with rival Cenkos Securities yesterday. FinnCap is among a host of the City’s broking and advisory firms hit by a slowdown over the past 12 months as markets were [...]
Meet the City’s new enforcers: FCA calls in regulatory veteran and NCA boss to lead clampdown March 23, 2023 The Financial Conduct Authority has appointed two new chief enforcers today as it prepares to clampdown on financial crime and usher in contentious new consumer rules this year.
