Financial

Investment bankers across Wall Street are poised to receive substantial bonus increases of up to 35 percent this year, with market sentiment bolstered by the prospect of a second Trump presidency and improving deal flow conditions. The…

Market observers are keenly awaiting SSE's interim results this Wednesday, with particular focus on the FTSE 100 energy group's spending strategies. The company, a dominant force in UK offshore wind development, has recently achieved…

Insurance giant Direct Line has announced plans to cut approximately 550 jobs, representing 5% of its workforce, as part of an aggressive cost-cutting strategy aimed at reviving the troubled insurer's fortunes. The announcement coincides…

The British car loans division of BMW has been compelled to allocate more than £70 million to address potential customer compensation related to the mounting motor finance commission scandal. This provision from the German automotive giant…

Britain's local government pension schemes are poised for a significant transformation as Labour's Rachel Reeves pushes forward with ambitious plans to consolidate £354 billion worth of assets. The initiative aims to create a behemoth…

In a landmark development for Latin America's financial technology sector, Argentine fintech Ualá has successfully raised $300 million, marking one of the region's most substantial start-up funding rounds in recent years. The investment has…

Bitcoin rocketed to unprecedented heights on Monday, surpassing £81,000 amid growing optimism that Donald Trump's return to the presidency will herald a new era of cryptocurrency deregulation in the United States. The premier digital…

Senior political figures and business groups are intensifying their demands for Lloyds Banking Group to publish a crucial report investigating a £1 billion fraud scandal. The Dame Linda Dobbs review, which examines allegations of a cover-up…

In a dramatic turn of events within the cryptocurrency sphere, collapsed digital exchange FTX has initiated legal proceedings against Binance and its former chief executive Changpeng Zhao, seeking $1.8 billion over what they claim was a…

Financial markets responded decisively to Donald Trump's comfortable victory in the US presidential election, with swift movements across asset classes signalling investors' expectations of significant policy shifts ahead. The immediate…

Wall Street stocks soared to unprecedented heights whilst investors offloaded bonds as Donald Trump's momentous US election triumph prompted global markets to recalibrate, pricing in an anticipated regime of trade tariffs and tax…

Agricultural commodities giant Archer Daniels Midland (ADM) has cancelled its quarterly results webcast with investors following the discovery of financial-reporting errors, deepening the crisis that began when it placed its finance…

The UK Treasury has breached its legal obligations by failing to disclose a £9.5 billion overspend by government departments prior to the March Budget, according to the fiscal watchdog's leadership. Richard Hughes, chair of the Office…

French and Dutch authorities have conducted raids on Netflix offices as part of a widening investigation into alleged tax fraud and labour law violations. The surprise searches, carried out on Tuesday morning, marked a significant…

Financial markets worldwide are preparing for significant turbulence as the United States approaches one of its most contentious presidential elections. The mounting tension between frontrunners has already triggered notable market…

A groundbreaking court ruling involving a £1,651 commission on a Suzuki Swift could trigger a devastating £13 billion compensation crisis for the car finance industry. Marcus Johnson, a 34-year-old factory supervisor from Cwmbran,…

Europe's largest budget airline Ryanair has reported a significant decline in profits during its crucial summer season, as passengers increasingly rejected elevated fare prices. The carrier acknowledged being "over-scheduled, over-crewed…

A controversial scheme enabling company directors to shed millions in debt obligations continues to operate despite government intervention to shut it down. The Atherton scheme, marketed as a "legal alternative to using insolvency…