Britain Financial News

10.03 / 00:49

Government Stablecoin CBDC Adoption UK government Future Time CBDCs threaten our future, so it’s time to take a stand

If the development of blockchain technology was a financial revolution, central bank digital currencies (CBDCs) are the counter-revolution. Their development has intensified in 2023 across the globe, and it’s now more important than ever for the world to know what could lay behind the acronym.

09.03 / 17:45

Extradition Abraaj Group founder loses court appeal to halt US extradition

The founder of the collapsed private equity company Abraaj Group has lost an appeal to the UK’s High Court to challenge his extradition from the UK to the US where he is wanted to face fraud charges.

09.03 / 11:31

business Adoption NFT Web3 Auction Opensea Nifty News: Jimmy Fallon wants exemption from BAYC trademark case

Lawyers of Jimmy Fallon, star of NBC’s long-running comedy and variety series The Tonight Show, have filed a petition to "quash" a subpoena requiring him to testify in the Yuga Labs Inc. v. Ripps et al. case.

09.03 / 03:07

Woodford Link Fund Solutions bidder: Let’s ‘move past’ Neil Woodford scandal

The boss of the firm bidding for Link Group’s funds solutions arm says he hopes a deal will help the UK asset management industry “move past” the Neil Woodford scandal that has plagued it for almost four years.

09.03 / 02:13

UPS Citi Lawyer Top City lawyer hired to tackle London’s listing struggles

The government has appointed a top City lawyer to chair a review into how London can remain a top destination for stock market listings through changes to investment research rules.

09.03 / 01:25

regulation legislation Parliamentary Committee committee FCA officials tell UK parliamentary committee crypto regulation is unavoidable

Officials of the United Kingdom’s Financial Conduct Authority (FCA) appeared before the House of Commons’ Treasury Committee on March 8 to discuss the agency’s work. Among the issues raised was cryptocurrency regulation, which the officials approached with a clear lack of enthusiasm.

08.03 / 17:29

event Blockchain Event Recap Bitcoin Community Bitcoin Bitcoin thought leaders weigh the pros and cons of Ordinals

Ordinals are here to stay. Ordinals, or the ability to permanently ink the Bitcoin (BTC) blockchain with data, typically in the format of a picture or jpeg, are a controversial topic among some members of the Bitcoin and wider crypto community. Not so for the builders and the CEOs of Bitcoin-focused companies who were present at the Bitcoin conference, Advancing Bitcoin in London.

08.03 / 17:09

Ethereum Citi BTC Platform Real Estate Southern Spain Leading the Way in Crypto-powered Real Estate Sales Sector – Report

Spain has become the center of gravity for the fledgling crypto-powered real estate sector, a new study has found.

08.03 / 16:27

Provident UK hedge funds lag behind French firms for senior women in top jobs

UK hedge funds are struggling to compete with their French peers when it comes to the representation of female leaders among the most senior positions.

08.03 / 16:27

Provident The London Metal Exchange’s nickel crisis was a self-inflicted wound

David Wighton is a columnist for Financial News

08.03 / 14:37

Guy Hands: Brexit has put the UK’s status as a finance hub at risk

Guy Hands is founder, chair and CIO of the private equity firm Terra Firma and oversees the Hands Family Office

08.03 / 11:45

UPS Ball EY UK’s top-earning partner had a 15% pay jump with £4.7m

EY UK’s top-earning partner, who is a member of its global executive, took home £4.7m, up nearly 15% from 2021, the latest annual accounts for the Big Four accounting firm reveal.

08.03 / 03:47

UPS Citi Gap Closing gender pay gap could unlock £147bn from women in finance

Women working in financial services could unlock up to £147bn of value for the UK economy by 2035 if wages increase and the gender pay gap shrinks, according to a report by the London Stock Exchange.

07.03 / 11:09

WOO UK funds shed £962m after FTSE record fails to woo investors

Funds that plough money into UK companies shed more than £960m in February, with investors unconvinced that last month’s all-time-high recorded by the FTSE 100 marks a turning point for the British stock market.

07.03 / 11:09

peace Brexit has ruined European peace and democracy, Guy Hands warns

The veteran private equity boss Guy Hands has said that Brexit has not only damaged the UK’s financial services industries but shattered peace in Europe.

07.03 / 11:09

Citi Strategy Exodus London’s exodus to Wall Street to continue as UK stocks hit record 40% discount, Citi says

The UK stock market trades at a record 40% discount to the US, a cheap rating that is hastening flight from the City of London, according to Citi.

07.03 / 03:55

UPS Digital Magic Circle law firms beef up crypto teams: ‘Everyone wants a piece of it’

“I almost never wear a tie,” says Diego Ballon Ossio, an associate at Clifford Chance covering crypto. “I wear sneakers to the office whenever I can. And I get away with it.”

06.03 / 17:25

Deloitte Deloitte doubles size of sports team amid boom in deals

Deloitte has doubled the size of its sports team since the pandemic amid a deals boom for sports assets.

06.03 / 17:15

event Conference Developers Event Recap London Bitcoin Technical discussions take center stage at Advancing Bitcoin conference in London

The Bitcoin (BTC) bear market builders convened in London, United Kingdom, during the Bitcoin-only conference “Advancing Bitcoin.”

06.03 / 15:51

Citi City faces battle to restore London’s listing lustre as Arm drops capital for New York

London is losing out on a growing number of companies choosing to ditch the City to list in the US. CRH, Arm and WANdisco have all departed this month, joining gambling firm Flutter in February.

06.03 / 03:23

Junior bankers in the firing line: Job cuts, missed promotions and smaller bonuses

When Barclays cut dealmakers in December, the UK lender aimed its lay-offs at juniors. Analysts — who over the past two years had been offered hefty pay rises, more time off and promises of restrictions on working hours — were left shocked, according to conversations with those at the bank.

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