Klarna posts fifth straight annual loss as buy-now pay-later giant eyes up New York listing February 28, 2024 Buy-now pay-later giant Klarna has reported its fifth consecutive annual loss as the fintech gears up for a blockbuster IPO.
Profit slips at the Co-op Bank as Coventry Building Society continues to circle February 28, 2024 Despite seeing an increase in net interest income, thanks to higher interest rates, the bank saw costs increase significantly which dented its bottom line.
Tax cuts don’t ‘cost’ a thing – it’s not the Treasury’s money to begin with February 28, 2024 Tax cuts leave more money with the people that earned it and the Treasury has no God-given right to keep it
More than 140,000 small business accounts were ‘debanked’ last year February 27, 2024 Big banks closed just under 142,000 small business accounts last year, according to the Treasury watchdog, as MPs scrutinise lenders' approaches to "debanking".
FCA urges Brits to ‘make money work harder’ by shopping around for savings rates February 27, 2024 Banks came under intense pressure from politicians and regulators last year for failing to pass through the Bank of England's rate hikes into savings products.
Citi’s investment banking market share drops to lowest level since 2000 February 27, 2024 Citigroup's share in the global investment banking market fell to its lowest level on record last year, according to new data, as investors demand for the bank to catch up to its Wall Street rivals.
Amex dives into buy-now pay-later market in challenge to Klarna February 27, 2024 American Express has launched a new offering for UK customers to pay off credit card purchases in monthly instalments as it looks to capture further market share from the likes of Klarna.
Enfuce: Finnish fintech secures UK e-money licence and appoints ex-Tide boss as chair February 27, 2024 Finnish card issuer and payment processor Enfuce has announced that it has secured an electronic money institution licence (EMI) from the Financial Conduct Authority, becoming the latest European fintech to eye up the UK market.
PCI-PAL: Cloud payment specialist reports jump in new business as it shrugs off High Court patent case February 27, 2024 Secure payment solutions provider PCI-PAL has reported a jump in revenues for the six months ending 31 December 2023 as it saw an uplift in new business and touted victory in a High Court patent case.
No time to lose: The City must be the force behind reinvigorating ailing markets February 27, 2024 Another day, another complaint from a listed firm that things have not entirely gone to plan. Yesterday it was the Aquis-listed Quantum Exponential Group, which invests in computing businesses. Long story short, the small-cap operations wants to delist: not enough liquidity, and investors interested only in picking up private firms rather than dealing with troublesome markets. The [...]