Crypto: What to expect as world leaders gather in Davos January 16, 2023 The future of global crypto regulation is set to fall into the spotlight at Davos this week as regulators and policy makers scramble to shore up the industry in the wake of FTX’s collapse last year.
Ashmore predicts rebound in taste for emerging market risk as assets tick £1bn upwards January 16, 2023 Emerging markets specialist Ashmore expects investors’ risk appetite to roar back amid slackening Chinese covid restrictions and a rebound in developing economies. In a trading update, London-listed Ashmore said total assets under management jumped two per cent to $57bn (£47bn) in the final three months of 2022, up from $56bn at the end of the [...]
Odey profits halve to £18.8m as performance fees dry up January 16, 2023 Hedge fund boss Crispin Odey saw profits at his eponymous hedge fund more than halve last year after performance fees for the firm plunged, new filings reveal.
No Amigos: Controversial credit shop Amigo struggling to raise cash, firm says January 16, 2023 Beleaguered credit firm Amigo said it was struggling to raise cash from investors today as it scrambles to boost its balance sheet ahead of a planned full return to lending this year.
Cashed-up banks ready to buy UK fintech firms on the cheap in 2023, says VC chief January 15, 2023 The UK’s fintech sector will see a wave of acquisitions this year as cashed-up banks and investment firms will swoop in to buy struggling firms on the cheap, a top venture capital chief has predicted. Tim Levene, chief of London-listed venture vehicle Augmentum Fintech, said that banks had failed to properly digitally transform over the [...]
FTX: Crypto exchange’s bankruptcy team recovers over £4bn in boost for burnt customers January 12, 2023 Collapsed crypto exchange FTX has recovered more than £4.1bn ($5bn) in assets, its bankruptcy team said yesterday, as the firm scrambles for cash to cover the billions of dollars lost by customers and investors. FTX, founded by disgraced former billionaire Sam Bankman-Fried, was valued at $32bn just over a year ago but imploded in early [...]
London beats Euro rivals to retain tech investment crown (yes, despite Brexit) January 12, 2023 London sailed past European rivals to retain its crown as the top destination for tech investment last year as nearly $20bn was pumped into the capital’s start-ups, new data has revealed.
Home REIT faces legal threat from biggest tenant over £5.5m rent relief deal January 11, 2023 Troubled social housing investor Home REIT is facing a legal challenge from its biggest tenant after trying to renege on a £5.5m rent relief deal it struck due to the dilapidated state of its properties, City A.M. can reveal.
BNPL: Usage of buy-now pay-later with firms like Klarna rockets – but does it ease shoppers’ cost-of-living burden? January 11, 2023 Buy-now pay-later usage rocketed last year as over four million new shoppers took to the products in a bid to shield their wallets from the soaring cost of living, new data shows.
UK Treasury under fire for delays to buy-now pay-later regulations January 11, 2023 The Treasury has come under fire from a Tory peer today after more delays to the rollout of buy-now pay-later regulation, amid concerns fintechs have been left in limbo and shoppers are landing themselves in unmanageable piles of debt. Buy-now pay-later (BNPL) firms like Klarna, Clearpay and Laybuy, which allow shoppers to defer and split [...]
