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238 Results from /markets, 2024

/markets

Finextra and the Euro Banking Association invite startups to join the EBAday Fintech Zone

EBAday 2025, the annual summit for the leading payments and transaction banking executives hosted by the Euro Banking Association (EBA) and Finextra, has opened applications for its Fintech Zone.

/markets

Co-operative Bank taken over by Coventry Building Society

Coventry Building Society’s £780 million takeover of the Co-operative Bank has been given regulatory approval.

/markets

Capitolis scoops $20 million investment from Wall Street elite

Capital markets tech provider Capitolis has received strategic investements from Citi, Morgan Stanley, State Street and UBS.

/markets

Citi invests in mortgage infrastructure platform Pylon

Citi has invested in programmatic mortgage infrastructure provider Pylon. Financial terms were not disclosed.

/markets

FCA fines Macquarie Bank for fictitious trades

The FCA has fined the London branch of Macquarie Bank £13 million for "serious failings" that allowed one of its employees to record over 400 fictitious trades.

/markets

MPs launch excoriating attack on the FCA

An All Party Parliamentary Group (APGG) of UK MPs have branded the FCA as 'incompetent at best, dishonest at worst', in a hard-hitting report that calls for wholesale reforms at the financial watchdog.

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AI adoption in UK FS sector grows but understanding lags

Three quarters of financial services firms in the UK are already using artificial intelligence, yet nearly half of these users have only a "partial understanding" of the AI they are deploying, according to a Bank of England and FCA survey.

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Esma calls for 2027 EU T+1 migration

The European Securities and Markets Authority (Esma) has called for the EU to migrate to a T+1 settlement cycle by October 2027, ensuring coordination with the UK.

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Goldman Sachs to spin out blockchain platform

Goldman Sachs is in talks with potential partners as it looks to spin out its blockchain-based technology platform, GS DOS.

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Revolut scores UK trading licence

Revolut has been granted a trading licence by the Financial Conduct Authority, paving the way for the fintech to start offering UK-listed stocks.

/markets

UK Chancellor proposes pension and sustainable finance reforms

UK Chancellor Rachel Reeves detailed the financial services strategy launching in March 2025, which will focus on bolstering growth, developing fintech and sustainable finance sectors.

/markets

UK must 'rebuild relations' with EU says Bank of England head

Bank of England’s governor, Andrew Bailey stated that the UK must “rebuild relations” with the EU while respecting the decision of the British people to leave in his Mansion House speech to investors.