Truss budget fallout will drag on growth, LendInvest warns November 30, 2022 Property fintech LendInvest has warned that the fallout of Liz Truss’s disastrous mini-budget in September will drag on growth in the second half of the year, as borrowing slows amid sharp interest rate hikes.
Klarna targets 2023 profits despite swelling losses November 30, 2022 Buy-now pay-later giant Klarna said it was targeting profitability in the second half of 2023 despite losses nearly doubling in the third quarter of the year. In its third quarter results today, the Swedish-headquartered fintech firm said losses had swelled to SEK 2.13bn (£170m) in the three months to the end of September, up from SEK [...]
City watchdog looks to boost access to financial advice for consumers November 30, 2022 The Financial Conduct Authority has laid out measures to widen access to financial advice today to allow consumers to “invest with confidence” amidst a cost of living crunch.
Credit Suisse shares tumble to record lows as sell-off continues November 29, 2022 Shares in Credit Suisse tumbled to record lows today as investors continued to shun the firm after warnings of a $1.5bn loss last week.
Bumper numbers help paper over the woes of Wise November 29, 2022 Wise’s regulatory and reputation troubles have not hurt the bottom line, writes Charlie Conchie
FTSE-100 indexer rolls out crypto equivalent amid market turmoil November 29, 2022 The firm behind the FTSE-100 has rolled out a series of crypto indexes today as it doubles down on a push into digital assets despite extreme volatility in the market.
BlockFi sues Bankman-Fried in bid to scoop up Robinhood stake November 29, 2022 Crypto lender BlockFi, which yesterday filed for bankruptcy, is suing the founder of collapsed crypto exchange FTX in a bid to claim Robinhood shares which were allegedly pledged as collateral, according to reports.
Crypto lender BlockFi files for bankruptcy as FTX shockwaves spread November 28, 2022 Crypto lender BlockFi has filed for bankruptcy today as the fallout of FTX’s collapse spreads across the industry.
Home REIT shares tumble after last-minute account delays November 28, 2022 Shares in social housing investor Home REIT plunged today after the firm delayed the publication of its accounts following an attack by a short seller last week.
Credit Suisse shares dive as stability concerns spread November 28, 2022 Shares in embattled Swiss lender Credit Suisse plunged beyond eight per cent today as fears over the banks' stability spread in the wake of a profit warning last week.
