Britain Financial News

11.05 / 10:27

Blockchain regulation SEC UK government U.S. Binance looks to the UK for regulation amid US crypto crackdown

Crypto exchange Binance has acknowledged that a crackdown on cryptocurrencies has made it challenging to conduct business in the United States, and it is now looking to be regulated in the United Kingdom.

11.05 / 07:05

CEO Abrdn ditches co-CEOs in investments division overhaul

FTSE 100 asset manager Abrdn has ditched its co-chief executive structure in a raft of senior management changes across its investments business.

10.05 / 23:29

Exodus LSE Executive executive pay Investors defend executive pay curbs after LSE chief’s criticism

Asset managers have defended their votes to curb excessive executive pay, arguing they are not to blame for the exodus of UK talent to the US after recent criticism from London Stock Exchange boss Julia Hoggett.

10.05 / 22:45

Law regulation Europe European Union Bitcoin Regulation UK government 3 takeaways from the European Union's MiCA regulations

The European Union has become the first major jurisdiction to pass a comprehensive crypto law, the Markets in Crypto-Assets (MiCA) regulation, which aims to provide legal certainty for the crypto industry and investors by establishing standard regulations and harmonized rules at the EU level.

10.05 / 20:07

Law CFTC regulation SEC lawmakers hearing US lawmakers US lawmakers hold EU and UK as examples of crypto regulation in joint hearing

Some members of the United States House of Representatives’ Financial Services and Agriculture Committees pointed to crypto asset frameworks being employed outside the country when discussing regulatory gaps at home.

10.05 / 14:43

Twitter Target Digital Citizens TikTok Southern 2020 US Extradites UK Hacker Responsible for 2020 Twitter Breach and Crypto Theft

The United State Department of Justice has announced the extradition of a 23-year-old UK citizen behind the 2020 Twitter hack and other cybercrimes, including the theft of $794,000 in digital assets.

10.05 / 13:05

UPS Booking Extreme Apple Matrix Apple versus the world: The iPhone maker is bigger than almost any stock market in the world

Dimensional's Matrix Book is an annual review of global returns that highlight the power of compound investing. It's a fascinating document: you can look up the compounded growth rate of the S&P 500 for every year going back to 1926.

10.05 / 09:35

Lawyers Gen Z Gen Z lawyers would take pay cut for more flexible working

Gen Z lawyers would take a pay cut for a more flexible work schedule and more time off, according to a new survey.

09.05 / 23:49

FIVE Former IA boss urges government to resist pressure on MiFID II research rules

The former chief executive of the trade body representing the UK’s asset management sector has urged the government to “resist the pressures of any lobbying” to reverse EU rules introduced five years ago that led to an unbundling of investment research.

09.05 / 19:17

CBDC regulation Bank of England BoE fintech head says crypto doesn’t ‘fulfill any of the functions of money’

The Bank of England’s director of fintech, Tom Hutton, recently spoke out on the United Kingdom’s plans to institute a central bank digital currency (CBDC) at the Crypto and Digital Assets Summit in London.

09.05 / 14:15

business Blockchain Liquidity Tokens AIM Accessibility Private equity tokens aim to bring greater liquidity, transparency and accessibility

As the burgeoning blockchain technology paradigm has continued to evolve, a whole host of unique asset classes have started to make their way into the mainstream. Private equity tokens are one such offering, serving as digital representations of ownership in private equity investments powered by a decentralized ledger.

09.05 / 13:01

Citi stake acquires New York hedge fund acquires stake in Birmingham City FC after ‘complex’ talks

Thomas Wagner’s multi-billion dollar hedge fund Knighthead Capital Management has acquired a significant stake in the English football club Birmingham City FC.

09.05 / 04:25

business Banks banking Concern over banking crisis reaches levels unseen since 2008 — Poll

Public opinion of banks appears to be dwindling according to an April survey, as the industry struggles to contain the collapse of several high-profile financial institutions in recent months.

08.05 / 23:11

Deutsche shrugs off mixed history of bank deals with purchase of Numis

David Wighton is a columnist at Financial News

08.05 / 23:11

Citi Deal How Deutsche Bank wants to upend the City pecking order with its Numis deal

Deutsche Bank’s £410m acquisition of City broker Numis threatens to upend the pecking order in UK investment banking, as the German lender aggressively bolsters its dealmaking team following a three-year pullback.

08.05 / 17:21

regulation Bot ChatGPT China issues first arrest over fake news created with ChatGPT: Report

A suspect identified only as “Hong” was detained by local authorities and arrested in the Gansu district of China after allegedly using ChatGPT to generate fake news stories.

08.05 / 07:31

COST IPO NASDAQ SoftBank NVIDIA 'A very problematic market': As Arm shuns London, tech investors question UK as an IPO destination

The U.K. may be a great place to build a tech company — but when it comes to taking the crucial step of floating your business, the picture isn't so rosy.

08.05 / 05:39

UPS Citi Twitter Strategy Warning Hollywood's Reynolds and McElhenney found success at Welsh soccer club Wrexham. But there's a warning for would-be copycats

LONDON — When Ryan Reynolds and Rob McElhenney bought Wrexham AFC, a small Welsh soccer club languishing in the fifth tier of the English league pyramid, many were skeptical that the two Hollywood stars would be able to give its long-suffering fans anything to cheer about.

05.05 / 21:19

business lending Court Bankruptcy Celsius court approval Eligible Celsius users can withdraw all 'Distributable Custody Assets' following court approval

Crypto lending platform Celsius has reported that certain users will be able to take out 100% of their original funds more than 300 days after the platform froze withdrawals.

05.05 / 16:49

Law regulation crimes ATM Financial UK financial watchdog announces inspections against sites with suspected illegal crypto ATMs

The United Kingdom’s Financial Conduct Authority, or FCA, has announced the inspection of sites across the country “suspected of hosting illegally operated crypto ATMs.”

05.05 / 15:11

Ethereum Adoption Legal Square Bitcoin FCA Today in Crypto: Voyager Might Start Fund Distribution in ‘Few Weeks’, Jack Dorsey’s Cash App Posts $2.16B in BTC Revenue for Q1, UK Continues Crypto ATM Crackdown

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.__________

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