HSBC and Standard Chartered have finalised the first live cross-border tokenised deposit transaction using Swift’s blockchain-based ledger. This achievement represents a significant milestone in the development of interbank digital asset
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Monzo has experienced a significant service disruption that has prevented thousands of customers from accessing core banking functions. The digital bank confirmed it had identified technical issues and activated a
Commodity traders are increasingly abandoning their optimism regarding a swift resolution to the conflict in the Middle East, as physical supply constraints begin to outweigh geopolitical rhetoric. For the past
Sir Dave Lewis, the chief executive of Diageo, stands to receive remuneration of up to £20m for the financial year ending in June 2027, according to the company’s annual report.
Goldman Sachs has agreed to acquire real estate investment manager LCN Capital Partners for a total value of up to $410 million. The bank announced the deal on Tuesday, noting
The United Kingdom’s unemployment rate failed to decline as anticipated, remaining fixed at 4.9 percent for the three months ending in June. This outcome represents a setback for the government’s
The government has abandoned plans to relax affordable housing requirements for developers in England following a strong negative reaction from housing experts. Ministers confirmed on Monday that they would not
HomeTrust Bank, headquartered in Asheville, North Carolina, has agreed to acquire Blue Ridge Bank in a transaction valued at $448.1 million. The merger is designed to expand HomeTrust’s asset base
Versatile RobotX, a University of Essex spinout, has secured more than one million pounds in blended equity investment and grant funding. The capital is intended to accelerate the commercial deployment
Regulators are considering proposals that would allow water suppliers to incorporate periods of scarcity into customer billing structures, a move described by industry observers as akin to surge pricing. Under
A new wave of artificial intelligence technology is reshaping the film industry, allowing independent creators to bypass traditional studio giants while sparking intense debate over employment and creative control. Near
Record expenditure on North Sea decommissioning in 2025 has prompted calls for a fundamental review of current regulatory frameworks. Data from the North Sea Transition Authority reveals that while £2.6bn
Revenue derived from North Sea oil and gas operations has continued to diminish, representing the most significant reduction in income for Scottish public finances. According to a report published by
Internal Treasury modelling has warned that the United Kingdom’s economic expansion could be reduced to a mere 0.3 per cent next year should disruption in the Strait of Hormuz persist
London-based mid-market mergers and acquisitions advisory firm LAVA Advisory Partners has secured £8m in growth debt financing from European small and medium-sized enterprise funder Beechbrook Capital. The transaction provides the
Bloomington-based HBT Financial Group announced on Monday its intention to acquire Tri-County Financial, the holding company for First State Bank. The proposed transaction carries a value of approximately $204.6 million