Barclays has faced a fresh setback after the collapse of US subprime lender Tricolor resulted in a £110 million impairment, casting a shadow over its latest quarterly results. The FTSE
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Tesla has reported record revenue in the third quarter, driven by a significant rush from buyers in the United States aiming to take advantage of expiring electric vehicle tax credits.
Britain’s national security is under fresh scrutiny following stark warnings from Nikhil Rathi, head of the Financial Conduct Authority, who highlighted critical vulnerabilities stemming from the country’s failure to prioritise
The UK government’s borrowing costs have hit an 11 month low, offering Chancellor Rachel Reeves a welcome windfall just weeks before the autumn budget. Yields on 10 year government bonds,
Andrew Bailey, governor of the Bank of England, has voiced deep concern over the striking similarities between recent developments in US private credit markets and the conditions that preceded the
Shares in Playtech plummeted by more than twenty per cent following revelations that the London-listed gaming technology firm commissioned Black Cube, a controversial intelligence agency once engaged by Harvey Weinstein,
Tens of millions of pounds have been lost by unsuspecting investors following the collapse of the 79th Group, now suspected to be one of the largest Ponzi schemes in British
The US car loan market has shifted dramatically from being one of the most secure avenues of consumer credit to one of the most precarious. Recent data reveal a staggering
BlackRock, the world’s largest asset manager, is set to launch its inaugural bitcoin exchange traded product in Britain this Monday. This move will enable sophisticated retail investors in the UK
Royal Mail has once again found itself in the regulatory spotlight after Ofcom handed the postal giant a hefty £21 million fine for persistently failing to meet delivery targets. The
The City of London is set for a major shake-up as UK regulators loosen bonus rules for bankers, aiming to fortify the Square Mile’s standing amongst the world’s top financial
The Financial Conduct Authority (FCA) is facing sharp scrutiny from the House of Lords over its proposed £11 billion compensation scheme for mis-sold motor finance. Senior FCA executives, including chief
The International Monetary Fund has issued a stark warning to investors and policymakers about mounting vulnerabilities in the global financial system. Its twice-yearly financial stability report highlights significant complacency in
Executives at BMW are seeking a meeting with Chancellor Rachel Reeves amid mounting controversy over the car loan mis selling scandal and the sweeping compensation programme proposed by the Financial
A leading City wealth management firm has come under the spotlight for requiring its Dubai trainees to make at least 100 calls a day, as regulators move to tighten restrictions
The collapse of First Brands and Tricolor in the United States has placed the private assets sector under the microscope, with Britain’s Financial Conduct Authority now closely monitoring the repercussions.
