Crypto AM shines its Spotlight on AuBit — network-enhanced finance for everyone September 29, 2020 AuBit is in the final days of a $2.75m private token pre-sale which is expected to close out oversubscribed. Alongside the private token sale, AuBit has also raised more than $1m in private funding of AuBit One digital equity. Today’s spotlight takes a look at what AuBit is, who’s behind it, and how it plans [...]
Uber wins bid to regain London operating licence September 28, 2020 Uber has won its legal bid to regain its licence to operate in London after a long-running court battle. Deputy senior district judge Tan Ikram said that despite its previous failings, the firm was now “fit and proper” to hold a licence. Ikram decided to give the firm a licence to operate for 18 months, [...]
Royal London in talks with LV= over £500m tie-up September 26, 2020 Royal London is in negotiations with fellow financial services provider LV= regarding a tie-up and could reach an agreement within days. A deal would see the groups merge their pensions, life insurance and asset managements businesses, according to Sky News. The transaction would end LV=’s 177-year status as an independent business and create a “mutual [...]
Counting down to the US election September 24, 2020 US elections are always significant and a point of interest around the world, but many are seeing this November’s as particularly so. Here are the big questions on the minds of investors. Can we trust the polls? Polls, as we all know, are not always correct. This time around they are of particular interest because [...]
HSBC, Citi, Goldman and Deutsche Bank pause plans to return to office September 23, 2020 Banks have rushed to pause plans for staff to return to their UK offices following fresh government guidance on coronavirus. Deutsche Bank and Citigroup have also encouraged staff to return to work remotely amid concerns over rising Covid-19 cases. Read more: City firms begin to send workers home after new government rules The banks’ changes [...]
City firms begin to send workers home after new government rules September 22, 2020 City firms have begun to send workers home after the government today told people to begin working from home again where they can. About 1,000 Barclays staff will revert to home working due to the new coronavirus advice, the bank said today. Although around 22,000 employees had remained working from the lender’s offices during the [...]
FTSE 100 climbs despite new coronavirus rules but US stocks mixed September 22, 2020 After plunging yesterday, the FTSE 100 rose despite the UK government imposing new coronavirus restrictions, while US stocks were mixed. The UK blue-chip index was up 0.9 per cent to 5,858 points in afternoon trading. That was down significantly from its opening figure of above 6,000 yesterday, however. The FTSE 250 had risen 0.2 per [...]
Coronavirus: Boris Johnson imposes stringent new restrictions for up to six months September 22, 2020 Boris Johnson has imposed a swathe of stringent new restrictions that could last for up to six months if no new coronavirus treatments or vaccines are found. New restrictions in England from Thursday will include a 10pm curfew, enforced table service at hospitality venues and requirements that all retail and hospitality workers wear face masks [...]
Financial Conduct Authority to crack down on insurers’ loyalty penalty September 22, 2020 Loyal customers should not pay more for home or motor insurance than new clients, the Financial Conduct Authority has said, as it promises reforms in the sector. The FCA said the changes could save consumers up to £3.7bn over the next 10 years. The new rules would apply to any customer buying or renewing a [...]
FinTech-friendly Singapore: Laws have something to do with it! September 22, 2020 With much fanfare being made of Singapore’s move to position itself as a global crypto and FinTech Hub, we explore in this article what exactly is drawing more and more crypto and FinTech businesses to Singapore’s shores and how laws and the legal industry play such a significant part. According to the Monetary Authority of [...]