The Financial Conduct Authority (FCA) has opened a consultation on a proposed ban of cryptocurrency products.
The long-awaited London-Shanghai Stock Connect finally launched in June, allowing UK and Chinese listed companies to trade on each other’s stock market.
In May 2019 shares in Thomas Cook fell by 30% and the airline has continued to face troubles since.
Swedbank has become the second Scandinavian bank to oust its CEO over an ongoing money laundering scandal.
Calls for an investigation into the actions of the Financial Conduct Authority (FCA) emerge after the collapse of the financial company, London Capital & Finance (LC&F).
The Competition and Markets Authority (UK’s competition regulator) has halted attempts by Amazon and Deliveroo to integrate on the grounds that the pair had “ceased to be distinct” following Amazon’s $575 million funding round, which was used to invest in Deliveroo.
The HKMA (Hong Kong Monetary Authority) recently granted a virtual banking license to Ping An OneConnect, a fintech (financial technology) branch of one of China’s largest insurance companies Ping An Insurance.
Monzo (the UK-based trending ‘challenger’ bank) has set up business in the United States. The digital bank has received fresh funds to double its valuation to exceed £2bn, in just 8 months.
Ocado has purchased a 58% stake in Jones Food Company, Europe’s largest operating vertical farm. It has also entered into a three-way joint venture called ‘Infinite Acres’ which aims to develop and sell vertical farming systems to other businesses.
Following a recent review, 26 law firms have been referred by the Solicitors Regulation Authority (SRA) to the Solicitors Disciplinary Tribunal and now face potential disciplinary action for instituting inadequate ‘money laundering’ safeguards.