UK financial watchdog fees cause drop in claims management companies’ complaints
Financial Ombudsman Service had begun charging for new cases
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Cryptocurrency group Ripple buys stablecoin platform in $200mn deal
Investment follows passing of so-called Genius Act to regulate stablecoins in the US
Stablecoins can support financial safety
Fears that they make it easier for criminals to move money around are based on a misconception
EY beats BDO to win lucrative Revolut audit contract
Change ends challenging relationship and comes as fintech tries to secure full UK banking licence
Bank of England cuts interest rates by a quarter point to 4% as balancing act continues
The Bank of England cut interest rates from 4.25% to 4% on Thursday as the central bank resumes a “gradual and careful” approach to lowering interest rates.
Israeli company strikes $35bn gas deal with Egypt despite Gaza conflict
Flows from Israel’s Leviathan gasfield will nearly triple by 2029 in what NewMed chief calls a ‘win-win’