Britain Financial News

23.01 / 14:11

Backed TDR-backed Asda bosses mull £12bn merger with petrol forecourt business

The owners of Asda are considering merging the UK supermarket chain with EG Group, their UK petrol forecourts business, in a mega deal that would create a retail giant worth between £11bn-£13bn.

23.01 / 11:25

UPS JPMorgan Sony veteran clean energy JPMorgan veteran Soni joins Numis to start clean energy deals team

Numis has hired a JPMorgan veteran to lead a new clean technology advisory unit, as large investment banks increasingly look to cash in on the transition to net-zero carbon emissions.

23.01 / 09:15

UPS Career Discover State Street UK boss Cuan Coulter: How the demands of the job took a toll on my personal life

Cuan Coulter has risen up the ranks over his three decade career in finance to become UK head at mega-manager State Street. But it hasn't all be plain sailing. He tells Financial News how a tough travel schedule took its toll on his personal life, and how he finally built family time around his work.

20.01 / 19:11

COST Digital Progressive digital euro EU finance ministers take stock of digital euro; UK scepticism grows

Taking stock of progress, the group maintains that a digital euro should complement, and not replace cash, should be safe and resilient, ensure a high level of privacy, be easy and convenient to use and widely accessible to the public, including in terms of costs for end-users. Ministers also called for considering the environmental implications of the digital euro design.Privacy is emphasised as a key dimension in the design, while at the same time complying with other policy objectives such as preventing money laundering, illicit financing, tax evasion, and ensuring sanctions compliance.

20.01 / 17:17

SEC lending Nexo settlement Crypto Firm Nexo Pays Out $45 Million in Settlement with SEC, Shutters Lending Product

Crypto lending company Nexo has agreed to pay a total of $45 million to US regulators to settle claims that it failed to register the sale of its Earn Interest Product (EIP).

19.01 / 18:25

Brexit pushes record number of €1m bankers from UK to Europe

The number of EU bankers earning more than €1m has reached new highs after Brexit as lenders shift more key staff to the continent.

19.01 / 12:07

UK regulator’s ESG boss says greenwashing fines ‘will come’

The Financial Conduct Authority's environment, social and governance director has said that the regulator will eventually start fining greenwashers, but only after it has finished putting in “guardrails” for the sector.

19.01 / 03:35

HSBC UBS exits Rowan Dartington COO exits for capital markets firm

Rowan Dartington's chief operating officer Fiona Richards has left the investment manager to join PrimaryBid, a capital markets fintech.

18.01 / 22:25

FIVE Digital consultation UK associations form crypto industry alliance; government preps consultation on digital pound

By combining the expertise and extended network of the five associations, the group will seek to enable a safe and secure environment for innovators to grow and attract international investment into the UK, while also helping to create a constructive bridge between the associations representing both incumbents and the emerging players in the sector.The formation of the group comes after the economic secretary to the Treasury Andrew Griffith told MPs that the UK was committed to becoming a world crypto hub. Griffith told the Treasury Select Committee that the government was "a long way down the road...

18.01 / 14:23

regulation Europe European Union Time EU postpones final vote on MiCA for the second time in two months

The final vote on European Union’s much-awaited crypto regulations called Markets in Crypto Assets regulation (MiCA) was deferred to April 2023. This marks the second delay in the final vote, earlier deferred from November 2022 to February.

18.01 / 13:39

CEO Natixis M&G taps Natixis IM for asset management CEO

M&G, the £349bn UK savings and investment group, has named Joseph Pinto chief executive of its asset management business.

18.01 / 10:21

UPS Citi City women speak up on struggles with menopause: ‘I thought I had early onset dementia’

Lauren Chiren was at the top of her game. She was in her early 40s and a successful executive at one of the UK’s largest banks.

18.01 / 03:07

Digital Platform Bitcoin UK crims sentenced for multi-million pound crypto fraud

All four were associates of James Parker, who masterminded the conspiracy from his home in Blackpool over a three-month period between October 2017 and January 2018. Parker, who died in 2021, identified and then exploited a loophole on the cryptocurrency trading platform which allowed him and his associates to obtain credits worth £21 million at that time.Over three months, Parker extracted crypto assets worth £15 million from his trading account.

17.01 / 16:17

COST Digital Progressive digital euro EU finance ministers take stock of digital euro; UK scepticism grows

17.01 / 14:39

International Davos 2023: Fidelity International, EY bosses say deglobalisation fears are overblown

Fidelity International chief executive Anne Richards is not particularly concerned about deglobalisation, telling delegates at the World Economic Forum that investments could even become “more global” over time.

17.01 / 12:21

CEO Natixis M&G taps Natixis IM for asset management CEO

M&G, the £349bn UK savings and investment group, has named Joseph Pinto chief executive of its asset management business.

16.01 / 22:21

regulation lending Nexo Caribbean VASP Financial Nexo sues Cayman Islands financial regulator over VASP license

The same week that Bulgarian authorities were raiding Nexo’s offices and indicting four individuals for charges related to money laundering, the crypto lender filed suit in the Cayman Islands.

16.01 / 19:07

Stablecoin Binance Gaming Prison Backed Today in Crypto: Digital Assets Subcommittee in the US, Iran's and Russia's Gold-Backed Stablecoin, UK Sentences Four to 15 Years in Prison

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

16.01 / 17:13

FIVE Digital consultation UK associations form crypto industry alliance; government preps consultation on digital pound

16.01 / 00:09

Odey Asset Management profits plunged 52% before gilt chaos bet

Profits at Odey Asset Management tanked 52% before the high-profile hedge fund cashed in on bets against UK government bonds and the pound late last year.

14.01 / 00:47

Law regulation crimes raid Bulgarian authorities charge four individuals following raid on Nexo office: Report

Less than 48 hours after a raid on cryptocurrency lender Nexo’s offices in the Bulgarian capital of Sofia, prosecutors have reportedly charged four people.

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