Search Results for: Pound
MasterCard sued for £14bn in largest ever British legal claim
September 9th, 2016
MasterCard ‘firmly disagree’ with allegations in landmark case of overcharging 46m UK customers for card fees Credit card group MasterCard is being sued for £14bn, the largest legal claim in British history, in a landmark lawsuit over allegations that ...
Asia Closes In On UK In Forex Market Dominance
September 8th, 2016
For weeks now, analysts have warned that the U.K.’s dominance in FX trading is waning. Now, for the first time in more than a decade, the U.K.’s share of the global currencies trading market dropped to 37.1 percent, reports ...
Gold sputters after hitting three-week high
September 7th, 2016
Gold futures were trading little changed Wednesday after logging their highest settlement in nearly three weeks a day earlier as investors pared expectations for how aggressively the Federal Reserve would move to increase interest rates. The interest-rate debate continues ...
Northzone raises €300m fund and is eyeing London fintech startups
September 5th, 2016
A European venture capital firm which has previously backed Spotify, iZettle and London fintech startup MarketInvoice, has launched a new multi-million pound fund to plough into tech startups across Europe, including the UK in another vote of confidence in the ...
Use of contactless payments in UK overtakes cheques in 2016
September 2nd, 2016
For the first time, Brits are more likely to make a payment using a contactless card than a cheque book.New research from Mintel reveals that cheques have been used by less than one third (31%) of Brits in the past three ...
Cryptocurrency exchanges under attack, risking repeat of Mt. Gox debacle
August 31st, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cybertheft — the second largest by an exchange since hackers took roughly ...
Fintech Startup Transferwise Moves Away From Banks
August 30th, 2016
Transferwise Inc., the global money transfer startup, is getting ready to free itself from relying on banks. The five-year-old London-based company is known for splashy ad campaigns. These feature nearly-nude employees as a way to show how much more ...
Cyber threat grows for bitcoin exchanges
August 29th, 2016
When hackers penetrated a secure authentication system at a bitcoin exchange called Bitfinex earlier this month, they stole about $70 million worth of the virtual currency. The cyber theft — the second largest by an exchange since hackers took ...
Dollar rockets to two-week high versus yen as Fed officials signal rate hikes
August 29th, 2016
The dollar rose Monday to its strongest level against the yen in three weeks after several top Federal Reserve officials hinted that the central bank would raise interest rates at least once by the end of 2016. The greenback ...
Asian stocks slip on profit-taking; oil falls
August 24th, 2016
Asian stocks edged lower on Wednesday as strong U.S housing data overnight increased the chances of an interest rate increase in coming months, prompting some investors to take profits, while oil prices slipped after a surprise jump in U.S. ...
