Barclays, NatWest, Citibank, JPMorgan: Major British banks take forex rigging case to Supreme Court Legal Central British banks, including Barclays and NatWest, will be at the Supreme Court today, aiming to overturn a decision in the forex rigging case.
Pound sterling slumps to $1.24 in the face of dominant dollar Markets Sterling's sell-off was accentuated by data out from the US, which showed a smaller increase in the number of jobless claimants than had been anticipated.
Wise: Fintech’s shares pop as swelling customer base boosts profit Fintech Wise has posted a surge in profit as the money transfer fintech benefited from a swelling customer base and made investments to reduce prices.
Wise shares boosted by Standard Chartered FX deal November 5, 2024 Wise has struck a deal with Standard Chartered for the lender to use its foreign exchange infrastructure for multi-currency money transfers in Asia and the Middle East. The partnership will see the emerging markets-focused bank integrate Wise’s tech to offer money transfers in 21 currencies. Wise’s share price rose 8.5 per cent in London on [...]
Currensea: Travel card fintech targets overseas growth after bumper summer October 22, 2024 Travel debit card start-up Currensea is targeting overseas markets for its next phase of growth after a rebound in holiday demand helped the fintech grow its user base by a third this summer.
CAB Payments posts slump in profit as currency shifts drag down earnings September 4, 2024 Fintech CAB Payments has reported a slump in profit for first half of 2024 as currency shifts continued to weigh on its earnings.
CAB Payments partners with Visa to boost emerging markets service August 29, 2024 Fintech CAB Payments has struck a deal with Visa designed to boost its services across emerging markets.
Former deputy mayor shared in £750,000 dividend from RationalFX as staff were laid off July 17, 2024 The former deputy mayor of London shared in a £750,000 dividend from his now-collapsed foreign-exchange firm while scores of the company’s staff were laid off through the pandemic, City A.M. can reveal.
Wise books another quarter of strong growth as firm rolls out new partnership in Brazil July 16, 2024 Overall, the group said underlying income for the three-month period grew 22 per cent year-on-year to £325.4m. Deposit balances expanded 23 per cent year-on-year, while "card and other revenue growth" came in at 55 per cent.
Fintech Argentex sees ‘encouraging’ trading environment as strategy shift continues July 9, 2024 In a trading update covering the first half of the year, Argentex said that it expects to report revenue of around £23.9m for the first half.