Breaking News, World Updates & Headlines
Breaking News, World Updates & Headlines
Regulators say removing ‘unnecessary burdens’ will save businesses about £2bn over 10 yearsThe UK is watering down rules introduced in the aftermath of the financial crisis that were designed to hold City bosses accountable for wrongdoing.The plans, pu…
Read MoreUnion furious as bank scraps remote-first policy from February 2027, forcing all UK employees to come in at least twice a weekNatWest has ordered 13,000 staff to increase their in-office days from two days a month to two days a week, angering its staff…
Read MoreConcerns financial contracts known as derivatives were incorrectly logged, potentially boosting Barclays’ profitsThe Bank of England is reportedly looking into Barclays’ handling of loans linked to the embattled private credit sector.The Bank’s regulat…
Read MoreMove comes as Senator Elizabeth Warren condemns Barclays response to questions over ex-boss’s ties to sex offenderUS lawmakers have unveiled a new bill to hold Wall Street’s “Epstein-connected” bosses to account for helping finance the late sex offende…
Read MoreAcquittals of five former bankers come year after supreme court overturned ruling against City trader Tom HayesFive more former traders who were jailed for rigging interest rates have had their convictions quashed by the court of appeal in London, afte…
Read MoreRevelation comes amid mounting concern over online prediction market’s effects on integrity of financial systemUK authorities are being urged to intervene after it emerged that the online prediction market Polymarket has been taking thousands of dollar…
Read MoreStudy says UK-based banks provided $8.3bn in coal financing in four years, with Barclays and HSBC leading riseUK banks are Europe’s biggest financial backers of the global coal industry, providing billions of pounds in funding for the climate-wrecking …
Read MoreBumper fees paid in the year’s mergers and acquisitions spark anger over high City pay during cost of living crisisLondon’s investment bankers and lawyers have made more than £1bn from a frenzy of takeover deals this year, sparking anger over high City…
Read MoreThe biggest flotation in five years was a bit of a shoo-in. Let’s see what happens when overseas competition is tougherIndian billionaire’s payments firm plots biggest London flotation in yearsA win is a win, but we should probably contain our exciteme…
Read MoreCentre for a Better Britain will urge abolishing inheritance tax and phasing out capital gains tax, report saysA thinktank linked to Nigel Farage’s Reform UK is preparing an influential policy plan that is reportedly going to call for substantial tax c…
Read MoreDozens of Bank of England directors and founding subscribers invested in trafficking of enslaved AfricansThe Bank of England and the British financial system were for centuries deeply involved in the enslavement and transatlantic trafficking of million…
Read MoreJudges uphold ruling that financier tried to ‘frustrate’ investigations into harassment claims against himThe former hedge fund boss Crispin Odey has lost a legal challenge to overturn his lifetime ban from the City for trying to “frustrate” investigat…
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