Britain Financial News

15.03 / 12:47

U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return

The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup.

15.03 / 12:01

UPS HSBC HSBC cuts some senior dealmaker salaries by 25%

HSBC plans to cut salaries for some newly-promoted managing directors by up to 25% in the latest sign that the planned scrapping of the UK bonus cap could prompt banks to upheave pay.

15.03 / 10:31

Law Ethereum defi hacks lending us government UK government Euler Finance’s offer to hacker: Keep $20M or face the law

Ethereum-based noncustodial lending protocol Euler Finance is trying to cut a deal with the exploiter that stole millions from its protocol, demanding the hacker returns 90% of the funds they stole within 24 hours or face legal consequences.

15.03 / 09:51

Ethereum ETH Provident BTC Digital ICO Bitcoin US CPI Bitcoin Price and Ethereum Prediction: Will US CPI and Retail Sales Data Influence Price Movement Today?

The cryptocurrency market has been volatile in recent weeks, with Bitcoin and Ethereum experiencing significant price swings. Traders and investors are closely monitoring the impact of macroeconomic data on digital asset prices. Today, all eyes are on the US Consumer Price Index (CPI) and Retail Sales figures, which are expected to provide insights into the strength of the US economy and inflationary pressures.

15.03 / 01:13

Stablecoin Adoption National Cross-border National Australia Bank made first-ever cross-border stablecoin transaction

National Australia Bank (NAB) announced March 14 that it had executed the first-ever cross-border stablecoin transfer on a layer 1 public blockchain. The intrabank transfer used the bank’s fully backed AUDN stablecoin tied to the Australian dollar (AUD).

15.03 / 00:35

Binance GBP Withdrawals Binance to Cease Sterling Withdrawals and Deposits For UK Clients

Binance, the world's largest non-custodian crypto exchange, will no longer be able to process withdrawals and deposits for its UK clients after its local banking partner terminated its operating agreement amid chaos in the crypto industry.

14.03 / 22:45

business Investments Scams Bitcoin NatWest bank puts $6K monthly limit to crypto exchange payments

NatWest, a retail and commercial bank in the United Kingdom, is taking measures to protect customers from potential crypto losses amid Bitcoin (BTC) hitting multi-month highs.

14.03 / 22:43

COST Provident HSBC NatWest sets daily crypto purchase limits

NatWest says that cryptocurrency scams cost Brits £329 million a year, noting that crypto is not protected by the UK’s Financial Services Compensation Scheme and most providers aren’t regulated by the FCA.Stuart Skinner, head, fraud protection, NatWest, says: “We have seen an increase in the number of scams using cryptocurrency exchanges and we are acting to protect our customers.” Earlier this month, HSBC and Nationwide Building Society put similar restrictions on customers buying cryptocurrency, citing regulator concerns about the practice.

14.03 / 19:09

regulation Central Bank banking Market Update Bitcoin Banks collapsing; stablecoins depegging — What is happening? Watch The Market Report live

This week on The Market Report, the resident experts at Cointelegraph discuss all the details regarding the latest bank collapse and the USD Coin (USDC) depeg.

14.03 / 18:53

HSBC SVB Rescue Bank of England faces MP grilling on HSBC’s rescue of SVB’s UK arm

The government is set to grill the Bank of England over why HSBC was chosen to rescue the UK arm of collapsed lender Silicon Valley Bank.

14.03 / 15:59

Binance SEC GBP Suspends Withdrawals Binance suspends sterling deposits and withdrawals after losing UK partner

The exchange says the move has been forced by Paysafe subsidiary Skrill's decision to stop offering fiat services.Less than one per cent of Binance customers are affected and those that are can still access their GBP balances.The sterling news comes shortly after Binance had to suspend all dollar bank transfers and amidst growing regulatory scrutiny of the exchange in the wake of the FTX collapse. Th US Justice Department is investigating the firm over suspected money laundering and sanctions violations while the SEC is eying its BUSD stablecoin.Binance says it is working to find an alternative to Paysafe but a partner could be hard to come by.

14.03 / 15:43

UPS HSBC The Fintech Files: Founders cut reliance on Silicon Valley Bank, Philip Hammond’s crypto firm cuts jobs

It’s been another eventful week in fintech – not least for the thousands of startup founders whose cash was tied up in Silicon Valley Bank.

14.03 / 15:19

U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return

The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup.

14.03 / 15:19

UPS Sunak U.K. Prime Minister Rishi Sunak Tries Free-Market Recipe to Fix Britain’s Woes

Rishi Sunak, Britain’s prime minister, is trying to do what none of his recent predecessors have pulled off: Move the U.K. beyond Brexit, shore up the country’s rickety public services and sell the country as a profitable destination for business.

14.03 / 14:17

BlackRock exits Russell Investments’ Emea head Joe Linhares exits

Joe Linhares, the head of Russell Investments' business across Europe, the Middle East and Africa, has left the firm after almost six years.

14.03 / 06:55

business Blockchain Binance wallet banking partnership Debit Cards Binance to lose its GBP on-and-off ramp provider in 9 weeks

Binance is scrambling to find a new service partner to process British Pound (GBP) transfers on its trading platform after its current partner, Skrill Limited announced it will soon cease providing services to the crypto exchange.

14.03 / 03:11

U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return

The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup.

13.03 / 20:41

HSBC SVB ‘It was horrifying’: Startup founders vow to learn lessons of ‘traumatic’ Silicon Valley Bank near miss

British startup founders are preparing to significantly lower their exposure to Silicon Valley Bank after the failed technology lender’s UK arm was narrowly rescued from insolvency via a buyout by HSBC on 13 March.

13.03 / 19:09

Ethereum Adoption Binance UK USDC Bitcoin Today in Crypto: Cryptocurrency is 'Inevitable', Two Hacks, OKCoin Pauses USD Deposits, Beatport & Polkadot's Music Platform, Alchemy Notify's Custom Webhooks

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

13.03 / 16:03

UPS Provident CEO HSBC SVB Rescue Deal 'A huge relief': Startups react to Silicon Valley Bank UK's HSBC rescue deal

LONDON — U.K. startups are breathing a sigh of relief Monday, after HSBC announced it would buy a subsidiary of collapsed U.S. tech startup lender Silicon Valley Bank.

13.03 / 14:41

U.K. Economy Swings Back to Growth, Boosted by Premier League’s Return

The U.K. economy returned to growth in January, boosted by a busy schedule of English Premier League soccer games after a pause for the World Cup.

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