Silicon Valley Bank’s demise began with downgrade threat March 11, 2023 In the middle of last week, Moody’s Investors Service delivered alarming news to SVB Financial Group, the parent of Silicon Valley Bank: the ratings firm was preparing to downgrade the bank’s credit. That phone call, described by two people familiar with the situation, began the process toward Friday’s spectacular collapse of the startup-focused lender, the biggest bank [...]
Could A 4 Day Work Week Be Coming To Your Workplace? March 6, 2023 Four day work weeks have long been hailed as the future of work. But are we ready for such a monumental change in our working patterns and schedules? Earlier this month, 4 Day Week Global released its 2023 report, the contents of which have created quite a bit of debate across the fintech industries. The [...]
Tesco ‘considering sale’ of Tesco Bank, according to reports February 20, 2023 Tesco is considering selling Tesco Bank, according to Sky News which has reported that the supermarket giant has started a review process for its banking arm. The review is at a very early stage, according to insiders, and may not lead to a formal sale process. A partial sale or joint venture may also be [...]
Savers warned of approaching state pension National Insurance ‘top-up’ deadline February 17, 2023 Those with missing years in their state pension contribution record between 2006 and 2017 have until April 5 to make voluntary contributions, an investment platform has warned From 6 April the number of extra years available to purchase drops to the last six tax years Alice Haine, personal finance Analyst at Bestinvest, a DIY investment platform [...]
CRYPTO AM SPOTLIGHT: Bison Bank and its crypto assets subsidiary – Bison Digital Assets February 14, 2023 Crypto AM shines its spotlight on Lisbon-based Bison Bank and its specialised range of services to high net worth individuals.
Take the hassle out of debt collection February 14, 2023 Recovering outstanding debt can be a hugely stressful process for all those involved. Access Credit Management can help take the sting out of it, offering more than 23 years of experience in dealing with slow-paying debtors, and having secured a reputation for securing and recovering outstanding commercial debt from around the world. Access Credit Management [...]
Iceland shrugs off loss of credit insurance cover saying it is ‘incredibly well positioned’ and expects to reinstate the policy soon February 7, 2023 According to reports first published in The Sunday Times, the French insurer slashed cover for the discount grocer in December - following a similar move by Allianz and Atradidus.
Chris Woolard on BNPL, regulatory run-ins and getting financial rulemaking right February 2, 2023 The regulatory veteran wants a rulebook for the 21st century, but getting it right might trump speed, Charlie Conchie writes. Urgent. That was the word used by the former-interim chief of the City watchdog Chris Woolard when he gave his verdict on regulation of buy-now pay-later services in a landmark review two years ago today. [...]
Sir Nigel Wilson: City grandee to step away after decade of success at Legal and General January 30, 2023 Respected City grandee Sir Nigel Wilson will step away from the top job at Legal & General after more than a decade at the helm. The insurer and pensions provider announced Wilson’s planned retirement to markets this morning. Wilson will stay with L&G until a successor is found, with the firm expecting that process to [...]
FCA to take swift action against firms flouting consumer duty rules, lawyers warn January 29, 2023 The Financial Conduct Authority is expected to take swift action against firms that fail to comply with new rules to protect savers and retail investors, City lawyers have warned. The City watchdog announced a major overhaul to consumer regulation last summer in the new Consumer Duty, which is set to shift greater onus onto companies [...]