UK - page 16

News

HSBC Foils Plan by Major Investor to Break Up Bank

HSBC managed to stop the attempt of the largest shareholder of this financial institution to divide the bank during the annual general meeting, which rarely takes place in an atmosphere of goodwill and absolute peacefulness.

News

British Banks Warn of Big Increase in Online Scams

British banks report that at the end of last year, there was a significant increase in fraud, most of which is observed in the online space.

News

Lloyds Banking Group Continues to Close Its Branches

The last bank in the town of South Essex will close in August this year.

News

HSBC Announces Increase in Profits from Purchase of Silicon Valley Bank’s UK Business

Banking giant HSBC reported that its profit increased by $ 1.5 billion after the acquisition of the British business of the Silicon Valley Bank.

Blockchain & Crypto

Sotheby’s Metaverse Launches P2P Secondary NFT Marketplace

The Web3 arm of the famous auction house Sotheby’s has introduced another platform for trading digital art in the form of NFT

Fintech & Ecommerce

HumanForest Raises $15 Million to Grow UK eBike Business

The British micro-mobility company HumanForest announced that it managed to attract investment funds in the amount of $ 15 million for the development of e-bike technology.

Science & Technology

Microsoft Xbox Chief Seeks to Reassure Game Staff on Activision

Microsoft Corp. Executives They tried to assure employees of the Xbox gaming division of the possibility of approving the planned purchase of Activision Blizzard Inc. for $ 69 billion, noting that success in games depends not only on the deal.

Society & Lifestyle

UK Takes Aim at Problem Gambling With Regulation Updates

At the time of the last revision of the regulations on gambling-related activities, by the British authorities, was not yet an iPhone, which in a certain sense became a symbol of a new technological era that introduced new attributes, opportunities, and realities into space of human life.

News

UK Wants New Regulator to Tackle Big Tech

In the UK, a new regulator will appear in the foreseeable future, whose activity will be to supervise technology giants, including Amazon and Google.

News

Barclays Unveils Govt-Funded Support Programme for UK Tech

Barclays Eagle Labs has announced the official launch of a program to support British technology companies.

Fintech & Ecommerce

UK and India Seek to Further Strengthen Fintech Collaboration

A new report by the Indian-British Financial Partnership (IUKFP), a leading forum for cooperation in the field of financial services between India and the UK, outlined ways to activate and strengthen cooperation between the two countries in the field of fintech.

News

Bank of England Finds New Use Cases for DLT in Synchronised Settlement

The Bank of England and the Bank for International Settlements announced the successful completion of a pilot project based on DLT.

Fintech & Ecommerce

Al Hilal Bank Partners With BLME to Bring Digital UK Banking to UAE

Al Hilal Bank customers in the UAE now have a quick and simple way to access digital banking services as if they were in the UK

News

Yonder Secures £62.5 Million in Series A Funding

Startup Yonder, which specializes in issuing Rewards credit cards, has secured equity of 12.5 million pounds and a credit line of 50 million pounds to expand operations.

News

UK Regulators Deliver Roadmap for Future of Open Banking

In the UK, local financial regulators have unveiled plans for the future development of open banking.

News

Bank of England Says Stablecoin Use Need Limits

The Deputy Governor of the Bank of England, John Cunliffe, admitted that, with a high degree of probability, regulators will be forced to introduce restrictive measures regarding the possibility of using stablecoins to perform payment financial operations.