Zopa Bank Reports £4 Billion in Customer Deposits
Zopa Bank has announced that it has managed to amass customer deposits of 4 billion pounds.
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Bank of England Urges UK Payment Companies to Upgrade Operational Resilience
Sasha Mills, executive director of Financial Market Infrastructure (FMI) at the Bank of England, said that much more needs to be done in the context of increasing cyberattack preparedness for companies that provide payment transaction services in the United Kingdom.
NatWest Issues First IP-Backed Loan to Sci-Net
The new High Growth IP Loan that Sci-Net secured from NatWest has been developed in cooperation with specialist IP evaluation company Inngot to help unlock the funding gap for high-growth firms.
Barclays Reports Earnings
On Thursday, April 25, Barclays shares rose in price by 4% after this financial institution, based in London, published information on net income attributable to shareholders for the first quarter of the current year.
ComfortDelGro Gets Green Loan From DBS to Accelerate Decarbonization of its UK Bus Fleet
SGD 100 million loan facility provided by DBS will be used to make the global operator ComfortDelGro’s bus fleet greener in the UK.
UK Economy Demonstrates Growth
In the United Kingdom, gross domestic product (GDP) showed an increase of 0.1% in February compared with the result for January.
UK Retail Sales Demonstrate Positive Dynamic
In the United Kingdom, retail sales in the first two months of the current year turned out to be higher than preliminary expectations.
Revolut Launches Point of Sale iPad App
British neobank Revolut has rolled out an iPad POS application for the hospitality industry which combines payment processing with analytics.
NatWest to End BNPL Product
NatWest has announced its intention to stop the Buy Now, Pay Later (BNPL) product.
Nationwide Building Society to Acquire Virgin Money
The bank Nationwide Building Society, which is based in the United Kingdom, plans to acquire retail lender Virgin Money.
Revolut CEO Warns About Risk for London Status as FinTech Hub
Revolut’s new CEO in the United Kingdom is committed to being sure that London does not lose its status as a fintech technology hub in the future.
Neobank Monzo Raises $430 Million
Digital bank Monzo, which is based in the United Kingdom, on Tuesday, March 5, announced that it had managed to raise new capital for $430 million from investors.
SumUp Reportedly Aims to Raise $1.1 Billion to Refinance Debt
The media reports that the SumUp payment company, which is based in London, intends to raise €1 billion ($1.1 billion) from private creditors.
Barclays to Return £10 Billion to Investors in Overhaul
Barclays Plc announced its activity plans for the near future, which include taking measures to reduce costs, structural reorganization, and returning at least £10 billion to shareholders.
UK Falls Into Recession
The recession has become an economic reality in the United Kingdom, as evidenced by official data published by the Office for National Statistics (ONS) on Thursday, February 15.
UK Inflation Holds at 4%
In the United Kingdom, inflation remained at 4% in January, demonstrating what corresponds to such a concept as stability.
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