CashNews.co Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Britain’s financial regulator has said it will “fundamentally reshape” its plan to “name and shame” more of the companies it investigates after the proposals provoked a major backlash in the City of London. […]
FCA to give car finance sector more time to handle surging complaints #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. The UK’s financial watchdog on Wednesday announced plans to extend the time that car financing groups have to deal with an expected surge in consumer complaints about alleged mis-selling after a landmark court judgment. […]
Fintech Klarna files for IPO in US #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna has begun its long-anticipated stock market flotation after the Swedish buy now, pay later pioneer said it had filed initial public offering documents in the US. The fintech said on Wednesday that it […]
Ukraine’s plan to win over Trump #NewsMarket
CashNews.co Donald Trump’s ‘hush money’ case has been paused, Ukraine has been building on its ‘victory plan’ for his incoming administration and SoftBank reported that it is profitable again. Plus, Wall Street has loaned billions of dollars to a niche group of tech companies based on their possession of Nvidia’s artificial intelligence chips. Mentioned in […]
Cepsa rebrands as Moeve to mark shift away from fossil fuels #NewsMarket
CashNews.co Maarten Wetselaar gave the impression of a person in a hurry when he became chief executive of Spanish energy company Cepsa in January 2022. About two months after his appointment, the former Shell executive unveiled an ambitious strategy to transform Compañía Española de Petróleos SA — or Spanish Petroleum Company — into a leading […]
China CSI A500 index sparks fresh interest from global managers #NewsMarket
CashNews.co Latest news on ETFs Visit our ETF Hub to find out more and to explore our in-depth data and comparison tools A shift to passive funds in China offers a new opportunity for global firms to stand out among established local players in the rush to launch products tracking the recently created CSI A500 […]
How Russia’s energy minister plotted merger of country’s oil majors #NewsMarket
CashNews.co Russia’s energy minister has attempted to combine the country’s oil majors in a sign of the power struggle at play over the Kremlin’s key wartime revenue source, according to four senior Russian energy industry figures. The pitch by Sergei Tsivilev, a relative of president Vladimir Putin who was appointed to the role in May, […]
Live from Kilkenomics: financial mistakes #NewsMarket
CashNews.co Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Each year economists gather in Kilkenny, Ireland for the annual Kilkenomics festival. The guests share stories in pubs and make dark jokes about economics. This year, we joined them, taping two episodes of our […]
Reeves seeks reform of UK consumer redress in the financial services sector #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Chancellor Rachel Reeves will on Thursday call for an overhaul of the UK system for consumer redress in the financial services sector, as lenders brace for a potential multibillion pound bill for alleged […]
Wall Street bankers on course for up to 35% bonus bump #NewsMarket
CashNews.co Stay informed with free updates Simply sign up to the Investment Banking myFT Digest — delivered directly to your inbox. Wall Street bonuses are on course to rise by as much as 35 per cent this year, as bankers eye even greater potential payouts under a second Donald Trump presidency. Activity levels for corporate […]