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FCA fines Wise CEO Käärmann £350,000 for breach of senior manager conduct

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Wise CEO Kristo Käärmann has been slapped with a £350,000 fine by the FCA for a breach of senior manager conduct relating to his...
World

EU scrambles to prepare for a Trump return 

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The meetings, first reported by POLITICO’s Brussels Playbook, come as the fear of former U.S. President Trump returning to the White House permeates the...
Bussiness

APP fraud declines in H1; card not present cases up by 26%

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Financial losses from authorised push payment (APP) fraud, romance and purchase scams and impersonation deceptions show a marked decline in the first half of...
Bussiness

Klarna sells UK loan book to hedge fund Elliot Avdisors

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Klarna is to offload its UK loans book to hedge fund Elliot Advisors in an effort to free up £30 billion to fund its...
Bussiness

Starling Bank fined £29m for ‘shockingly lax’ AML screening

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The Financial Conduct Authority has fined Starling Bank £29 million for failings related to its financial sanctions screening.EditorialThis content has been selected, created and...
Bussiness

Ovo to pay £2.4m after failing to deal with complaints – how to claim compensation

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Energy firm Ovo is to pay £2.37m penalty for failing to handle customer complaints effectively, energy regulator Ofgem said.Ovo will pay £378,512 in compensation...
Bussiness

Mario Draghi’s plan to fix a broken Europe already looks impossible

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“The leading firms in research and investment-spending are the same ones we had 20 years ago ― cars,” he said. "The United States used...
Bussiness

Lloyds hires AWS exec to head up new AI and analytics unit

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Lloyds Banking Group has hired an executive from Amazon Web Services as its first director of artificial intelligence andd analytics.EditorialThis content has been selected,...
Bussiness

Lloyds to convert old data centres and offices into social housing

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Lloyds Bank Group is to convert decommissioned data...
Travel

Commbank adds car buying and travel bookings to mobile app

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Commonwealth Bank of Australia has added travel bookings...
Travel

CommBank adds travel booking and car buying services to app

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Commonwealth Bank of Australia has added travel booking...
Jobs

Will generative AI make banking jobs more efficient or replace them?

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Generative AI is now becoming a reality within banking. McKinsey found more than 50% of banks in US and Europe are adopting  “more centralised”...
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