Britain Financial News

15.05 / 14:53

Provident Digital Progressive CEO Action Pool Future stars Turfcoach and Atom Stars to Shape the Future of Football with Southampton FC

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15.05 / 11:19

Citi City execs push for plan to bolster UK’s capital markets

Top asset managers, lawyers and exchange bosses have commissioned a report to set out the definitive view of how to make sure London’s capital markets stay competitive in the face of several recent high-profile departures.

15.05 / 07:43

UPS Baillie Gifford’s James Anderson lines up fund management comeback

Fund management veteran James Anderson is returning to investing at a new firm that will also include former UK chancellor George Osborne.

14.05 / 23:07

Citi How the City can stay a fintech powerhouse

David Wighton is a columnist for Financial News

14.05 / 00:29

UPS Provident UK Regulator Examines AI Impact

The UK Competition and Markets Authority (CMA) has announced an examination of the impact of AI on consumers and the economy, with a focus on foundation models. The regulator plans to examine the development and deployment of applications like OpenAI's ChatGPT against key principles, including safety, transparency, fairness, and accountability. The review will examine the competitive market for AI foundation models and their usage, as regulators aim to monitor how they can expand and present opportunities, along with risks to competition and consumers.

13.05 / 14:55

UPS Man UBS Trading Places: Robyn Grew steps up at Man, UBS’s new board, Dechert cuts

UBS tapped Credit Suisse chief executive Ulrich Körner for its board as it merges with its cross-town rival, but has largely stuck with its own leadership team for the combined entity. Körner will join UBS's board when the transaction closes in the coming weeks, the bank said in a statement.

12.05 / 16:49

Blockchain UPS Provident FIVE Progressive Platform yPredict Crypto Startup Enters Stage 5, Nears $1 Million Mark as Investors Scoop Up Tokens Ahead of 28.5% Price Increase

Investors are rushing to secure ground-breaking AI-powered trading and market intelligence platform yPredict’s $YPRED crypto token, which continues to fly off the shelves in one of this year’s hottest crypto start-up fundraising presale rounds.

12.05 / 16:33

CFTC regulation SEC US regulators Crypto Leaders Turn to the UAE As Frustration Grows With US Regulators

Some cryptocurrency leaders are turning to the United Arab Emirates as others are showing irritation with US regulators.

12.05 / 15:35

FTX Financial Times MICA Crypto firms call for global consensus instead of "fire hose" of rules

hose" of differing regulatory approaches to cryptoassets lack the global consensus needed to attract established investors that would create a maturer market, a conference was told on Wednesday. The European Union has finalised the world's first comprehensive rules for cryptoasset markets, known as MiCA, but others like Britain and the United States are further behind. Apart from compliance with rules to stop money laundering and terrorist financing, crypto firms are largely unregulated in many parts of the world. «It's really commendable that Europe was able to get that done so quickly,» Hester Peirce, a commissioner at the U.S. Securities and Exchange Commission, told a Financial Times conference.

12.05 / 14:13

Facebook Twitter European Union Democracy Elections Forget Cambridge Analytica — Here’s how AI could threaten elections

In 2018, the world was shocked to learn that British political consulting firm Cambridge Analytica had harvested the personal data of at least 50 million Facebook users without their consent and used it to influence elections in the United States and abroad.

12.05 / 11:39

UPS Man UBS Trading Places: Robyn Grew steps up at Man, UBS’s new board, Dechert cuts

12.05 / 11:39

UPS illness week Atom Bank boss: Four-day week pushed up profit and lowered staff absence over illness

In the wake of the Covid-19 pandemic, Atom Bank chief executive Mark Mullen decided his workforce needed re-energising.

12.05 / 11:39

business regulation SEC HSBC Banks SEC beyond crypto: HSBC and Scotia hit with fines over WhatsApp use

Amid the ongoing banking crisis in the United States, financial regulators continue scrutinizing major traditional finance companies like HSBC and Scotiabank.

12.05 / 08:57

BTC Digital NASDAQ Action Remark Bitcoin Bitcoin Price Prediction: BTC Slides 10%: Is $25,000 the Key Price Level to Watch?

Bitcoin, the leading cryptocurrency, has experienced a significant decline of 10% in its price.

11.05 / 23:41

Binance Digital SEC Action coinbase Strategy regulatory Binance exec hits out at 'very difficult' US regulatory environment

Speaking at a Financial Times summit, Binance chief strategy officer Patrick Hillmann cited SEC action against rival exchange Coinbase as an example of how "the US right now is in this weird place". In March, the Commodity Futures and Trading Commission charged Binance and two of its top executives with "wilful evasion of US law" and is seeking disgorgement, civil monetary penalties and permanent trading and registration bans against the digital asset firm.

11.05 / 23:33

regulation SEC banking Digital Asset us house committee Financial US House financial committee tells SEC they don’t like custody proposal

The chair of the United States House of Representatives Financial Services Committee and six subcommittee chairs have sent a letter to U.S. Securities and Exchange Commission (SEC) Secretary Vanessa Countryman voicing their concerns over the agency’s proposed advisory clients custody rule. They join a string of crypto industry figures in expressing their objections.

11.05 / 22:11

Binance regulation coinbase UK Binance Criticizes US Crypto Regulations, Eyes UK for Better Oversight

Major crypto exchange Binance has criticized crypto regulations in the US, calling on the country to follow in Europe’s footsteps and provide clearer rules.

11.05 / 14:43

Platform Mobile HSBC HSBC fined $15m for WhatsApp monitoring failures

HSBC has been fined $15m by US regulators for "widespread" failures over its employees' use electronic communication tools, the latest bank to be drawn into a crackdown on messaging platforms like WhatsApp.

11.05 / 13:55

licence Revolut finance chief quits for ‘personal reasons’ as banking licence wait drags on

Revolut's chief financial officer is to leave the firm as the fintech continues its three-year-long wait for a UK banking licence.

11.05 / 12:55

UPS Citi CBI UK’s Investment Association pulls CBI membership

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11.05 / 10:51

european equity Barclays hires ex-Deutsche dealmaker Madjlessi to co-head European equity capital markets

Barclays has hired a former Deutsche Bank dealmaker to co-head its equity capital markets business in Europe, the latest senior change at the UK lender.

breaking news about Britain

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