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Bussiness

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...
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

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,...
Infra

HSBC hires former UK politician to head new infrastructure unit

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Former UK politician Danny Alexander to lead unit as CEOAlexander joins from Asian Infrastructure Investment BankUnit to see bank's return to project finance advisoryLONDON,...
Jobs

European companies cut jobs as economy sputters

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Item 1 of 4 The logo of Unilever is seen at the headquarters in Rotterdam, Netherlands August 21, 2018. REUTERS/Piroschka van de Wouw/File PhotoThe...
Bussiness

Lloyds to convert old data centres and offices into social housing

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

In Olympics push, France ramps up war on fake fashion 

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PARIS, July 9 (Reuters) - In the touristy Saint-Ouen flea market, not far from the Stade de France where athletes will compete in this...
Jobs

Dyson to axe around 1,000 jobs in Britain

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LONDON, July 9 (Reuters) - Vacuum cleaner manufacturer Dyson will cut about 1,000 jobs in Britain, more than a quarter of its workforce in...
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...
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