Financial

He said that the online bank Monzo had refused to open a Monzo account for UK chancellor Jeremy Hunt last year. This is an example of what he believes as the excessive vetting banks must perform on those in public life. Hunt backed the…

Fidelity, the US-based financial technology company, has agreed to sell its majority stake in Worldpay (its merchant payments arm) to GTCR. The deal is valued at up to $18.5bn and represents one of the biggest corporate carve outs in…

As the recent rise in bond yields has impacted the government's finances, the UK paid the highest borrowing costs on two-year bonds this century. Gilt Prices have fallen in recent weeks, pushing yields higher as expectations of…

Ireland and Luxembourg have stepped up their calls for stricter global regulations on shadow banks to reduce the risk of financial turmoil from a sector encompassing hedge funds, crypto firms and more. Senior officials in the two EU…

The largest active bond manager in the world says that markets are overly optimistic about central bank's ability to avoid a recession while they fight inflation in Europe and the US. Daniel Ivascyn is the chief investment officer of…

China has called on poorer nations to oppose a tax on shipping emissions, and set stronger targets to decarbonise one of the most polluting industries in the world. It criticised wealthy countries for setting "unrealistic goals" with…

Financial advisers warn that banks and building societies who help UK mortgage borrowers reduce their monthly payments could be storing financial problems for later on in life, when they are faced with a larger total interest bill and a…

Barclays wants to end its corporate banking relationship, according to people familiar with the matter. This will put further pressure on Odey Asset Management as it struggles with its financial stability following allegations of sexual…

The UK's financial regulator's plans to encourage more companies list their shares in London has sparked a hostile response from British pension schemes. They warned that the proposals will damage the City's appeal as a global centre of…

Investors in German bonds are increasing their bets on the European Central Bank raising interest rates, which will cause the European economy to go into a further downturn. A closely monitored recession indicator has hit its highest level…

8 Canada Square in London, which houses HSBC’s global headquarters, and bears the HSBC logo, is a symbol for Canary Wharf’s status as a financial centre around the world. The decision of the bank to move away from the east-end Docklands…

Wise's annual profits before tax have increased by 234 percent to £146.5 Million, a 36-fold increase. The increase in global interest rates has boosted the revenue of the money transfer industry from £3.9 to £140.2 millions for the year…

After one of Britain's largest delivery companies, Tuffnells, was sold to an rival gig economy company the livelihoods of over 2,000 workers hang in the balance. Shift is a delivery service founded by Jacob Corlett. He's a 29-year old…

HSBC will move its global headquarters from Canary Wharf to a smaller central London office after its lease expires. This marks the end of two decades at Canary Wharf. This move will be a major blow to Canary Wharf, and highlights the trend…

Claudio Borio, chief economist at Bank for International Settlements5, told German newspaper FAZ that the risks of an extended period of high inflation had increased despite current price declines in many parts around the globe. The…

Boss of controversial secondary ticketing site says face value tickets are 'antiquated' Paying face value for tickets to music and sporting events is an "antiquated" concept that will ultimately be replaced by airline-style…

A leading think tank has said that Britain should overhaul its pension system in order to create "superfunds", which can control large companies and encourage business investment. According to economists, the UK's long-term decline of…

The investment industry is obsessed with forecasts. Even though no human being has ever been able to accurately predict the outcome of any event on a consistent basis, share prices are hugely influenced by guesstimates. For example,…