Wise shares tumble after analysts predict ‘disruptor will get disrupted’ December 8, 2022 Shares in fintech firm Wise have plummeted today after a note from investment bank Liberum told investors to dump the stock over mounting competition fears.
Hargreaves Lansdown appoints Dan Olley as new chief December 8, 2022 Hargreaves Lansdown announced that Dan Olley would take over the reins of the trading platform from next year as Chris Hill prepares to step down after six years in charge.
Exclusive: Treasury tax raid to drag 200,000 Londoners into higher rate December 7, 2022 NEW analysis suggests that almost a quarter of a million Londoners will be dragged into the higher rate tax band as a result of Jeremy Hunt’s decision to freeze income tax thresholds in the Autumn Statement. Some 213,165 workers in London, and 122,543 more across the wider south-east, will paying the 40 per cent rate [...]
Crypto firms will need ‘sterile corridors’ on our watch, FCA warns December 7, 2022 The UK’s financial watchdog said today it will ensure crypto firms have “sterile corridors” between the different products and services they offer, as it assesses the wreckage of collapsed exchange FTX and prepares to bring the sector into its remit.
BlackRock comes under fire from London investor over ESG ‘hypocrisy’ December 7, 2022 London-based activist investor Bluebell Capital has set its sights on the world’s biggest asset manager BlackRock, calling for chief Larry Fink to be ousted over “hypocrisy” on environmental, social and governance issues.
‘Profiteering’ Home REIT to be sued over misleading investor information December 7, 2022 Beleaguered property investor Home REIT has been hit by a lawsuit from investors today amid claims it is “profiteering from the housing crisis” and used misleading information to raise cash. The social housing-focused firm has been hammered by a slew of claims from short sellers in the past two weeks over the quality of charity [...]
Odey Asset Management taking sexual assault claims “extremely seriously” – reports December 6, 2022 Bosses at Odey Asset Management have reportedly said they are treating claims of sexual assault against founder Crispin Odey “extremely seriously”, after new claims were reported in the media this week.
No regulatory ‘race to the bottom’ says Glen as City braces for rules reform December 6, 2022 A top Treasury minister said the government was not “deregulating for deregulation’s sake” today as the government tries to soothe concerns it will overzealously slash rules governing the financial sector.
Curve strikes $1bn deal with Credit Suisse to fund pay-later push December 6, 2022 Fintech payments firm Curve said it had struck a $1bn deal with Swiss lender Credit Suisse today to fund a growth push for its buy-now pay-later product, Flex.
FCA tightens financial promotion rules over risky investment fears December 6, 2022 The City watchdog revealed it is tightening its financial promotion rules today amid fears that firms are peddling products to consumers without proper oversight.
