London

Not just banks likely to lose ‘passporting’ rights

A study from market insight firm Mlex indicates that being deprived of of so-called ‘financial passporting’ rights once the UK exits from the EU...

The City watchdog is concerned over the wrong usage of algos

FCA CEO Andrew Bailey said: "It's very important to focus on how algos are used. It's one thing having a badly programmed algo. I...

Bring in competitiveness, says City of London

The City of London is advocating for a UK regulatory regime that does not damage competitiveness, responding to bankers' anxiety that not being the...

St James’s Place experiences rush from savers

Brexit stroke hard but ordinary savers were not affected and following the vote invested even more money into wealth firm St James’s Place. A steep...

GDP numbers out win Brexit and exceed expectations

According to a recent preliminary GDP release from the Office for National Statistics, Britain's economy grew more quickly than expected in the third quarter...

Property investment fraudsters are banned by FCA

Kathryn Joy Clark and Richard Aston Clay were accused by the Serious Fraud Office of committing 'dishonesty offences', in the area of investments in...
Banca Monte dei Paschi di Siena

World’s oldest bank is cutting 2,600 jobs

  Banca Monte dei Paschi di Siena, the Italian lender, will slash 2,600 jobs as part of accelerated plan to rearrange the bank structure. This Tuesday, the Italy's...

Planet of Finance launches social network for investors

Headquartered in the Principality of Monaco, Planet of Finance is a social network that is making a name for itself. With over 22,000 members...
Luxembourg and the EIB pioneering in the field of innovative climate finance to support high impact climate action projects

Luxembourg and the European Investment Bank pioneer in climate finance

Climate change is one of the greatest global challenges of our time. Climate risks undermine efforts to fight poverty, to improve welfare and to...

Pound cripples under Brexit load

The FTSE 100 scored roughly 28 points or 0.4% to 7,054, assisted by a 3.4% rise in BAT. Rival Imperial Brands yielded with a 3%...

Billionaires’ wealth is declining – report

According to a new report by UBS and PwC, the total wealth owned by international billionaires suffered a range of unpleasant external factors in...

Blockchain for Finance: An incremental revolution

The atmosphere at the Blockchain for Finance Conference on Monday was a positive buzz of excitement and apprehension, as forward looking financiers turned to...

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