Ethereum Futures ETFs near launch, and JPMorgan’s UK subsidiary bars crypto payments October 2, 2023 Data from CryptoCompare shows that the price of the flagship cryptocurrency Bitcoin (BTC) went up steadily throughout the week.
Coinbase handed payments licence for digital assets in Singapore October 2, 2023 Coinbase's Singapore division has been granted a Major Payment Institution licence by the state's central bank.
Arnold Clark: UK car dealership pays founders’ family £67m dividend October 2, 2023 Arnold Clark, one of the UK’s largest car dealerships, has given the surviving family of its billionaire founder £67m worth of dividends, according to the latest Companies House filings. The sum brings the total money the family has taken out of the business to £118m over the last two years and comes after a record [...]
Archer Daniels Midland broker fined £6.5m for lax anti-money laundering controls October 2, 2023 The brokerage arm of US food processing giant Archer Daniels Midland (ADM) has been fined nearly £6.5m for “inadequate” anti-money laundering controls. The watchdog said that the nature of the ADM Investor Services International‘s business and client base presented potentially high levels of risk because of its business model, geographical location of customers, and high-risk [...]
Bitcoin and other cryptocurrencies rally as Solana notches double digit gains October 2, 2023 Bitcoin is up by more than 3% over 24 hours and is trading above $28.3k, while Ethereum (ETH) and most other cryptocurrencies tag along.
London races ahead of San Francisco on fintech as chiefs rally behind reform October 2, 2023 London tech chiefs have called on the government to push ahead with reforms today after a new survey showed that London has climbed above San Francisco as a global hub for fintech for the first time.
Peel Hunt eyes ‘encouraging’ shoots of recovery after deals drop off October 2, 2023 Investment bank Peel Hunt said it was seeing “encouraging signs” of recovery today after a sharp drop off in deals and listings over the past year. In a trading update this morning, the mid-market specialist said said it has seen a “prolonged period of adverse market conditions” since the end of 2021 but revenues had [...]
FTSE 100 close: London markets close deeply in the red after poor PMI data shakes sentiment October 2, 2023 London's FTSE 100 markets slumped into the red on Monday, having opened slightly higher, as disappointing PMI data sparked a sell-off.
Manufacturing slide continues in wake of market uncertainty October 2, 2023 Rob Dobson, director at S&P Global Market Intelligence, said: “September saw the manufacturing sector still mired in contraction territory, as weak conditions at home and abroad hit new order intakes and led to a further scaling back of production volumes."
Prime minister ‘should be able to fire’ Bank of England governor: Top Tory October 2, 2023 The Prime Minister of the day “should be able to fire the governor of the Bank of England”, Lord David Frost has said.
