ECB has warned British banks planning to relocate operations to another country in the EU before Brexit that it will not grant licences to ‘empty shells’. Sabine Lautenschlager, a senior regulator, also said banks were falling behind schedule in making preparations...
UK Finance has reported that landlord investment in London property has dropped by over 50% since April 2016, when the Government increased stamp duty for buyers of second homes. In Q1 2017, there were 1,126 mortgaged purchases by buy-to-let landlords in London, down...
City of London Police have shut down a fraudulent cryptocurrency business that cold-called investors and attempted to sell them fake online money UK Finance has reported that more than a tenth of people aged between 25 and 34 used coins and notes no more than once a...
R3, the blockchain consortium, is close to coming to market with its first commercial pilot product. A group of 11 banks, including HSBC and RBS, are poised to start testing an application that aims to cut costs and inefficiencies in trade financing that has been...
Provident Financial has reported that adjusted profit before tax fell by 22.6% year-on-year to £115.3m in H1 2017 compared to £148.9m in 2016 following disruption from the migration of its home credit business to a new operating model. Vanquis Bank, Moneybarn and...
