Britain Financial News

Exploring the mysterious circumstances of the collapse of Canadian crypto exchange QuadrigaCX and the death of its founder, Gerald Cotten, Netflix’s latest documentary is storming through the platform, topping the top 10 lists across the world.

Institutional investors could save up to £16bn a year in fees by using better data to negotiate charges with fund managers, an academic who oversaw a transparency push on charges at the UK regulator said.

Ethnic Serbs in Kosovo have been left frustrated amid renewed tensions between Serbia and the government in Pristina.

Written by two members of the Barclays Chief Technology Office, managing director, Lee Braine, and enterprise architect in advanced technologies, Shreepad Shukla, the paper explores how ecosystems can provide a “common programmability layer” that interfaces with account systems at both commercial banks and the central bank.

Berenberg is shifting a team of investment bankers from Europe to the City, in a rare example of a financial services organisation moving talent away from the continent towards the UK after Brexit.

A senior official from the Bank of Japan (BOJ) has warned G7 nations that a common framework for regulating digital currencies needs to be put in place as quickly as possible. 

Institutional investors could save up to £16bn a year in fees by using better data to negotiate charges with fund managers, an academic who oversaw a transparency push on charges at the UK regulator said.

The watchdog says it has sent information requests about the levels and structure of these fees and will proceed based on the information gathered. While considering the long-term approach, it could roll out short-term measures, including "price caps on scheme fees or cross-border interchange fees".Meanwhile, the PSR is also looking to remove barriers to the uptake of A2A retail payments, which it says can provide a "credible" alternative to the card schemes.It will investigate whether the commercial incentives for banks, intermediaries and merchants are there to support greater use of A2A payments and what it can do to increase uptake and promote competition with cards.The PSR is also working with the CMA, FCA and Treasury on the future of open banking regulation, which will play a major role in A2A payments uptake.Elsewhere, the regulator says it will work with other agencies to ensure people have access to cash and to develop guidelines and regulation on the cryptoassets, stablecoins and CBDCs.

Morgan Stanley has enlisted 300 of its mid-ranking bankers for a new programme that aims to increase the number of ethnic minorities from lower socioeconomic backgrounds in the financial sector.

Bitcoin (BTC) saw an 11% gain in the past week after the $46,000 resistance finally broke after 82 days. Many crypto pundits argue that Terraform Labs CEO Do Kwon has played an important role in the price change, but is yet to be determined.

Vladimir Putin has said buyers of Russian gas from "unfriendly" countries will have to pay in roubles from accounts in Russia from Friday, or face the "consequences".

Swiss asset manager GAM has been fined £9.1m by the UK markets watchdog over its failure to manage conflicts of interest in its dealings with Greensill Capital.

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

Citigroup told its 9,000 employees in Canary Wharf to work from home on 30 March after a widespread power cut in the financial district on 29 March forced many of its bankers offline for hours.

Citigroup has hired a managing director from Bank of America to bolster its corporate broking business as it continues to build out its UK investment bank.

A «small number» of cryptocurrency companies in Britain have received an extension of temporary licences ahead of the April 1 deadline from the country's financial watchdog, according to a report from Reuters.

The crypto wallet operator and exchange service Blockchain.com has more than doubled its valuation to the USD 14 billion mark in the space of a year, the firm has claimed.

Demoralised Russian soldiers in Ukraine were refusing to carry out orders, sabotaging their own equipment, and had accidentally shot down their own aircraft, a UK intelligence chief said on Thursday.

More than £4bn has been wiped from the collective market value of UK-listed asset managers since the start of the year, with concerns over slower economic growth and a challenging outlook for retail fund flows contributing to double-digit share price falls across the sector.

Cryptocurrency exchange and financial services firm, Blockchain.com, has reportedly raised new funding at a valuation of $14 billion.

With Russia's war in Ukraine into its second month, Putin's forces have continued to pound towns and cities from afar as Moscow's military offensive stalls in the face of strong Ukrainian resistance.