Financial

British lenders might face a staggering £30 billion compensation bill due to the mounting car finance mis-selling scandal, according to leading credit ratings agency Moody's. The estimate represents the highest projection to date,…

Swiss prosecutors have unveiled damning allegations against commodities trading behemoth Trafigura, accusing the firm of orchestrating a €5 million bribery scheme targeting an Angolan official. The unsealed indictment places the late Claude…

Inheritance stands as a cornerstone of Java programming, representing a sophisticated mechanism for code reuse and structural organisation within object-oriented development. The concept mirrors real-world hierarchical relationships,…

Supermarket giant Morrisons has successfully reduced its substantial debt burden by £200 million, marking a significant milestone in its financial restructuring programme. The debt reduction represents the latest step in the company's…

Goldman Sachs, the prestigious Wall Street investment bank, has forecast gold prices could reach an unprecedented $3,000 per ounce by December 2025, citing increased central bank demand and anticipated US interest rate cuts as primary…

In a significant shift within the professional services sector, two prominent US accounting firms have been acquired by private equity investors, marking a continuation of the industry's consolidation trend. Bahrain-headquartered…

Donald Trump's social media enterprise is nearing a significant acquisition as Trump Media and Technology Group (TMTG) engages in advanced discussions to purchase cryptocurrency trading platform Bakkt from Intercontinental Exchange (ICE).…

British politicians are demanding decisive action against money laundering through UK territories as a crucial summit approaches this week. Labour's Dame Margaret Hodge and Conservative MP Andrew Mitchell have voiced strong criticism over…

In a significant policy development, Sir Keir Starmer has endorsed proposals for Britain to provide financial assistance to countries including Vietnam and Iraq, aimed at reducing illegal migration to the UK. The Labour leader characterised…

A planned £3 billion emergency loan for Thames Water could incur more than £800 million in interest and additional costs, raising serious concerns about the impact on customers and infrastructure improvements. Britain's largest water…

More than 5,000 investors have joined a mounting legal battle against Hargreaves Lansdown over the catastrophic collapse of Neil Woodford's equity fund, with claims the UK's largest investment platform continued promoting the troubled…

A devastating High Court ruling has declared London Capital & Finance (LCF) operated as a Ponzi scheme, with the firm's former chief executive and four associates found liable for damages. The judgement reveals the company…

In a significant development at the annual Mansion House dinner, Chancellor Rachel Reeves and Bank of England Governor Andrew Bailey have jointly emphasised the urgent need to rebuild Britain's economic ties with the European Union. Their…

In a significant move to tighten communication controls, NatWest has implemented a comprehensive ban on WhatsApp usage for work-related communications. The British banking giant has also blocked several other messaging platforms, including…

Britain's Financial Conduct Authority (FCA) has imposed a £16.7 million fine on Metro Bank for significant failures in its anti-money laundering systems, which left £51 billion worth of transactions unmonitored over a four-year period.…

American gas and oil producer Diversified Energy has reported a concerning rise in debt levels, pushing its financial leverage beyond targeted ranges amidst growing investor scrutiny. The company's net debt has climbed to $1.6 billion by…

Elliott Management has revealed a massive £5bn stake in Honeywell International, marking its largest-ever investment whilst pushing for a significant break-up of the £164bn industrial conglomerate. The activist investor's bold move…

European stocks and currencies faced a significant downturn on Tuesday as market participants grew increasingly concerned about the potential impact of Donald Trump's aggressive trade policies towards China under a possible second…