Markets

The UK financial market regulator, the Financial Conduct Authority, is set to effect the new Consume Duty next week. The FCA found that 7.4 million people have unsuccessfully tried to reach out to one or more of their financial service...

Robinhood, a retail stock trading platform, has announced the appointment of Jordan Sinclair as the leader of the company’s UK operations. Sinclair previously served as an executive at UK stock trading platform, Freetrade. Robinhood appoints Jordan Sinclair as CEO amid...

Foreign visitors that are going to China will not have access to a cashless and seamless payment experience. Two of the largest payment apps in China, Alipay and WeChat Pay, have now said that foreign visitors can make payments at...

Interactive Brokers, a leading electronics trading platform, has grown the overnight trading offering to 10,000 stocks and exchange-traded funds that are listed in the US. The move will enable Interactive Brokers to have a vast range of US equities that...

Bunq, which is the second-largest neobank in Europe, has raised an additional €44.5 million worth of growth capital. The raised amount has brought the total capital injection at the neobank in 2023 alone to nearly €100 million. Bunq raises €44.5...

Lloyds Banking Group has announced the closure of 44 new branches at the institution. The announcement comes as several other banks, such as Virgin Money, also announced branch closures. Banks have been witnessing a drop in the number of customers...

Three of the largest lenders in Spain, Banco Santander, BBVA, and CaixaBank, have partnered to offer a solution to the menace of financial fraud. The three lenders are working on launching tools that will address the issue of fraud by...

The Adani Group has sold a 90% stake in Adani Capital and Adani Housing to the Bain Capital private equity company. The stake has been sold for Rs. 1,440 crore. This transaction has seen the Adani Group exiting the financial...

Adidas has received orders worth over 508 million euros, equivalent to around $565 million for unsold Yeezy shoes. The orders made for the four million pairs of shoes have surpassed the company’s estimates. Adidas gets over $500M in orders for...

Elon Musk is stepping in with a wide range of changes on Twitter. Musk purchased Twitter last year, and the change to X has now gone live on the website. Musk has also said confirmed the x.com domain that will...

PayPoint, a payments service provider based in the UK, is facing a major lawsuit filed by Global 365. The Global 365 social enterprise firm has accused PayPoint of engaging in anti-competitive practices in the prepayment industry. PayPoint faces a multi-million...

Online trading platforms based in the United States have been expanding their operations to the UK. Some of the most popular US-based platforms that have expanded to the UK include Webull Securities and Public. The two companies have a solid...

The former CEO of the FTX cryptocurrency exchange, Sam Bankman-Fried, is being sued by the now-bankrupt crypto trading platform. The FTX exchange has filed the lawsuit in an attempt to recover over $1 billion worth of funds that were allegedly...

The UK Treasury has rejected the proposals made by an all-party parliamentary committee regarding ranking crypto trading activities the same as gambling. The parliamentary committee had proposed that consumer trading for unbacked cryptocurrencies like Bitcoin and Ether be regulated the...

The UK financial market regulator, the Financial Conduct Authority (FCA), has announced the release of a permanent version of its Digital Sandbox. The Sandbox will leverage the success that was achieved during the trial phase by giving firms access to...