British Banks Demand Lower Taxes, Higher Competitiveness
Ahead of the Labour government's inaugural budget, Britain's finance industry is urging for a reduction in bank-specific taxes, claiming that ...
Meta To Implement Controversial Plan To Use Social Media Posts To Train Generative AI
Meta, the company behind Facebook, intends to use social media posts in the UK to train its generative AI models. ...
UK Financial Sector Gears Up For Potential Tax Surge Under Labour
British banks are reportedly ramping up their lobbying efforts to stave off potential tax hikes, as the newly elected Labour ...
Monzo Tops The List As Britain’s Favorite Bank, Leaving Big Names Behind
In a major industry-wide survey commissioned by the Competition and Markets Authority (CMA), the digital bank Monzo has emerged as ...
UK’s Coventry Building Society Buys Co-operative Bank For $990 Million
The combined entity will have a balance sheet of £89 billion as of December 31. Coventry Building Society operates as ...
London Stock Exchange to Roll out a Market for Bitcoin and Ether ETNs in May
Applications for trading will begin on April 8. The move comes when the UK focuses on becoming a crypto hub. ...
UK Empowers Authorities To Seize Crypto Assets In New Law
Economic Crime Act 2023 enables UK authorities to freeze and confiscate crypto used in crime. Stakeholders must adapt to stricter ...
Barclays To Acquire Majority Of Tesco’s Banking Operations In $757 Million Deal
Tesco will return proceeds to shareholders after selling banking operations to Barclays. Barclays plans to leverage Tesco's banking infrastructure to ...
UK Introduces The Digital Securities Sandbox In Crypto Hub Status Hunt
The Digital Securities Sandbox (DSS) rules will provide a legal environment for testing digital solutions. The UK has ramped up ...
Citi’s UK Workforce On Edge As Job Cuts Loom Large In Sweeping Restructuring
In a recent internal office memo obtained by Reuters, Citigroup (Citi) has issued a stark warning to its UK-based employees ...
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