Britain prides itself on being a payments champion. The UK pioneered instant bank transfers with the launch of faster payments in 2008. A decade later, new data-sharing technology promised to usher in a new era. But while “open banking” has […]
Why Britain’s fintech dream is faltering Read More »
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Lenders that specialise in “buy now, pay later” services will have to abide by the same rules as mainstream
UK to regulate ‘buy now, pay later’ lenders in legal overhaul Read More »
Stay informed with free updates Simply sign up to the Travel & leisure industry myFT Digest — delivered directly to your inbox. Hotels near Heathrow airport have been accused of “price gouging” after hiking prices as much as fourfold in
Heathrow hotels quadruple prices as stranded passengers drive demand Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group has apologised after mistakenly sending a customer hundreds of pages of information about other clients’ investments. The
Lloyds apologises for sending customer other retail investors’ statements Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Klarna has filed for an initial public offering in the US as the Swedish buy now, pay later group presses
Klarna files for US IPO despite market tumult Read More »
Britain’s financial regulators are in retreat. Only hours after Prime Minister Sir Keir Starmer announced plans to abolish one of the country’s financial regulators, the City of London’s main watchdogs announced they were ditching or delaying several of their most controversial
UK financial regulators in retreat as prime minister piles on pressure Read More »
Stay informed with free updates Simply sign up to the UK financial regulation myFT Digest — delivered directly to your inbox. Revolut and Visa have filed legal challenges against the UK’s Payment Systems Regulator, with the companies arguing that the
Revolut and Visa file legal challenges against UK payments regulator Read More »
Stay informed with free updates Simply sign up to the UK banks myFT Digest — delivered directly to your inbox. Lloyds Banking Group is hiring hundreds of IT engineers in India while planning to cut hundreds of similar jobs in
Lloyds shifts skilled IT jobs from UK to India Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group wrongly classified £44.1bn of customer deposits in figures submitted to the Bank of England, an error that
Lloyds Bank overstated interest-bearing deposits to BoE by £44bn Read More »
Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Lloyds Banking Group has set aside an additional £700mn to cover the fallout of a probe and related court ruling
Lloyds sets aside another £700mn after car finance probe Read More »
