HSBC slows down hiring and reins in bankers’ expenses in cost-cutting drive July 2, 2024 HSBC is reportedly slowing down hiring and encouraging staff to rein in some expenses as Europe's biggest bank looks to cut costs.
Revolut books record profit on higher interest rates and surge in users July 2, 2024 A major boost to Revolut's profitability would come from a UK banking licence, allowing it to offer products like mortgages and credit cards in its home market - where it recently hit nine million customers.
London-based investment firm Octopus Ventures poaches fintech bigwig Erin Platts July 2, 2024 The long-time boss of Silicon Valley Bank’s (SVB) UK arm, who stayed on after its collapse and rescue by HSBC last year, has been poached by London-based investment firm Octopus Ventures.
Panmure Liberum adds two new units and names top team after merger July 1, 2024 Panmure Liberum has launched two new divisions and confirmed its executive team after the completion of the landmark merger between two of the City's leading brokers.
Currensea: Travel card fintech smashes crowdfunding target in just four hours July 1, 2024 London fintech Currensea has smashed its online crowdfunding target after just four hours as the travel debit card company looks to pounce on a rebound in demand for overseas holidays.
Banks, homebuilders and retailers in focus as London markets brace for Labour election victory June 30, 2024 The UK general election is in focus this week as investors brace for a widely expected Labour landslide that could share price moves across the FTSE 100.
US-UK chief executive pay gap widens as FTSE bosses sweat over attracting top talent June 30, 2024 The pay gulf between blue-chip chief executives in the UK and US widened even further last year, new figures show, as debates rages in the City over London-listed firms' ability to attract and retain top talent.
Truelayer: Fintech unicorn boss says ‘scale is everything’ as he takes on Visa and Mastercard June 30, 2024 The chief executive of fintech unicorn Truelayer has suggested bottom-line profitability and a potential IPO are some ways off as he focuses on scaling up to challenge Visa and Mastercard’s payments duopoly.
Bank of America backs London fintech Simply’s lending to small businesses June 28, 2024 Bank of America has thrown its weight behind London-based fintech Simply Asset Finance to support its lending to small businesses.
Phoenix Group to explore potential sale of Sunlife June 26, 2024 Phoenix Group, the UK’s largest long-term savings and retirement business, has revealed that it will explore a possible sale of its Sunlife business.