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Over $2.8 billion bet on bitcoin topping $90,000 as it hits all-time high

Jakub Porzycki | Nurphoto | Getty ImagesBitcoin reached a fresh all-time high near $81,000 and futures premiums soared, in a clear sign that investors...

Wise’s billionaire CEO fined £350,000 by UK regulators over failure to report tax issue

Kristo Kaarmann, CEO and co-founder of Wise.Eoin Noonan | Sportsfile | Getty ImagesLONDON — Kristo Käärmann, the billionaire CEO of money transfer firm Wise,...

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

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...

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

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

Klarna sells UK loan book to hedge fund Elliot Avdisors

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

FTX creditors will make money on bankruptcy: $1.19 for every dollar

Almost all of the creditors of failed crypto company FTX will end up profiting from the money they put into the exchange, a federal...

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

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...

Goldman-backed Starling Bank hit with $38.5 million fine for financial crime prevention failures

The Starling Bank banking app on a smartphone.Adrian Dennis | AFP via Getty ImagesU.K. financial regulators hit British digital lender Starling Bank with a...

British fintech Revolut valued at $45 billion in secondary share sale

Revolut cards are seen in this illustration photo taken in Krakow, Poland on March 29, 2024.Jakub Porzycki | Nurphoto | Getty ImagesBritish fintech startup...

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

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,...

Trump’s Bitcoin speech aims to lock down crypto support as Harris gains momentum

Republican presidential nominee and former U.S. President Donald Trump walks off stage after speaking at a campaign rally at the Van Andel Arena in...

Revolut is finally a bank – now it has to start acting like one

Revolut also needs to ditch the more speculative business areas that it...

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