Britain Financial News

23.03 / 12:31

SVB Time Bank of England defends allocating less than one full-time staffer to monitor SVB in the UK

The Bank of England has defended having less than one full-time staff member supervising Silicon Valley Bank's UK arm before it collapsed.

23.03 / 03:09

Blockchain UPS Digital Progressive CEO Platform Nomura invests in digital asset clearing house ClearToken

The CCP will remove bilateral counterparty risk for settlement, financing and derivative transactions by centralising clearing, settlement, collateral and risk management arrangements, akin to traditional exchange traded assets. This will enable all participants in the ecosystem - investors, exchanges, brokers, market makers and custodians - to face the CCP rather than each other, thereby streamlining transactions, increasing capital efficiency and reducing risk for all participants.

23.03 / 02:47

Citi exit Dechert hires Travers Smith funds partner in latest exit for UK law firm

US law firm Dechert has hired funds partner Sam Kay from City lawyers Travers Smith.

22.03 / 20:45

Provident Williams CEO HSBC Boeing SVB HSBC approves multi-million-pound bonuses for Silicon Valley Bank UK staff

On March 10, the activities of Silicon Valley Bank UK were terminated by order of the Bank of England (BoE), which said that the bank did not provide any «critical services» in support of the financial system. Once this event occurred, HSBC purchased the bank for the very cheap price of one pound. But, just a few days following the purchase, HSBC gave its approval for bonuses of several millions of pounds to be given to workers and top executives of Silicon Valley Bank UK.

22.03 / 17:55

Citi Provident Twitter Digital Progressive Fighting Cyberpunk Arcade fighting game Battle of Olympus to launch presale for GODLY token on Arbitrum on March 27

Disclaimer: The Industry Talk section features insights by crypto industry players and is not a part of the editorial content of Cryptonews.com.

22.03 / 16:11

UPS Citi Credit Suisse, Silicon Valley Bank crises may upend deregulation plans amid fears of 2008 replay

The collapse of two banks within days of each other is likely to pile pressure on the UK government's plans to tear up the City's rulebook, regulatory experts say.

22.03 / 16:01

COST UPS U.K. Inflation Resumes Its Rise, Defying Expectations

LONDON—Britain’s inflation is proving stubbornly high.

22.03 / 10:47

COST UPS Action Boeing UK inflation rate breaks 3-month stretch of declines with surprise rise to 10.4%

U.K. inflation unexpectedly jumped in February, as food and energy bills continued to rise, placing further pressure on households.

22.03 / 03:11

CEO Platform Action HSBC restrictions CryptoUK calls on government to intervene over bank restrictions

In recent months, NatWest, HSBC, Nationwide Building Society and Santander have all placed restrictions on customers buying cryptocurrency, citing regulatory concerns and the risk of scams. In a letter to Economic Secretary to the Treasury Andrew Griffith, CryptoUK says that blanket bans and restrictions "will have the effect of fundamentally undermining the Government’s ambition to become a crypto asset hub and its mission to maximise the potential of Web3 to spur UK growth and innovation".

21.03 / 23:43

Citi exit Dechert hires Travers Smith funds partner in latest exit for UK law firm

US law firm Dechert has hired funds partner Sam Kay from City lawyers Travers Smith.

21.03 / 20:57

Government regulation CryptoUK calls on regulators to address de-banking of digital asset firms

The self-regulatory trade association CryptoUK has proposed providing a ‘white list’ of registered firms in the United Kingdom to address banks limiting or banning transactions to crypto companies.

21.03 / 19:19

regulation Advertising Warning Belgium Cracks Down on Crypto Ads: New Rule Requires Stark Warning on Risk

Belgium's financial regulator has outlined new crypto advertising laws that require virtual currency firms to include a stark warning about potential risks in their advertisements.

21.03 / 12:07

Blockchain Progressive Pool Future Ten Teams Join Southampton FC’s Future of Football Challenge

Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.

21.03 / 03:19

UPS JPMorgan Future JPMorgan’s Nutmeg boss on the future of wealth management

JPMorgan's takeover of Nutmeg marked a major moment in UK investment.

21.03 / 02:35

business Stablecoin Adoption MasterCard Usd Coin Mastercard to settle transactions for stablecoin wallet in APAC

Global payment provider Mastercard is launching a stablecoin digital wallet integration with the Australian stablecoin platform Stables.

20.03 / 23:33

Binance European Union Banks Congress Court Silicon Valley In the aftermath of banks’ horrorshow: Law Decoded, March 13–20.

A week after the twinning collapse of Silicon Valley Bank (SVB) and Signature Bank, and the trouble at Credit Suisse, the dust is slowly settling down. SVB Financial Group has filed a voluntary petition for a court-supervised reorganization under Chapter 11 in the United States Bankruptcy Court. The company is no longer affiliated with Silicon Valley Bank, which operates under the jurisdiction of the Federal Deposit Insurance Corporation (FDIC) and is not included in the Chapter 11 filing. Meanwhile, the United Kingdom arm of the bank was acquired by HSBC for 1 British pound.

20.03 / 13:41

Adoption More Than 80 Firms Express Interest in Establishing Presence in Hong Kong – Next Crypto Hub?

Hong Kong has seen massive interest from virtual asset-related firms as the city pushes toward reclaiming its position as a global crypto hub with a more friendly regulatory stance.

20.03 / 04:33

CBOE Cboe head: European markets must overhaul data to catch US

European markets will continue to play second fiddle to the US without a radical data overhaul, according to Cboe's European head.

19.03 / 09:23

regulation Report HSBC Bank of England SVB Bankruptcy SVB's UK arm issues 15M pounds in bonuses after symbolic bailout: Report

Silicon Valley Bank UK (SVB UK) has granted millions of pounds in employee bonuses, just days after it was rescued by global banking giant HSBC for just 1 pound, a recent report revealed.

17.03 / 20:17

UPS JPMorgan Platform coinbase Assurant Bitcoin Coinbase reportedly plans on opening new crypto trading platform overseas

Coinbase – the leading American-based crypto exchange – is reportedly planning on setting up a new Bitcoin (BTC) and crypto trading firm overseas. According to a report by Bloomberg, the exchange is moving in this direction in order to attract global clients. Notably, the exchange is planning on opening a new platform despite already having a presence in multiple countries including the UK, India, Singapore, UAE, and others.

17.03 / 17:45

Deutsche Bank boosts paternity leave for UK staff to 16 weeks

Deutsche Bank has increased the amount of paternity leave for UK staff to 16 weeks, joining a number of Wall Street investment banks in encouraging more time off after having a child.

what's happening in Britain

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