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Banking

Big Tech enters finance, can banks and fintechs keep up?

The Financial Conduct Authority (FCA) has released a feedback statement regarding the entry of Big Tech companies into the retail finance sector.

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Taxpayer faces fresh losses as SIB-backed firm enters administration

Edinburgh-based Sustainable Marine Energy (SME) has entered administration in a blow for the SIB, which faces a loss of up to £1 million.
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What explains the S&P 500’s remarkable performance?

Despite high interest rates and a debt ceiling standoff, the S&P 500 has recorded double digit gains in 2023. How?
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Moody’s considers ratings upgrade as Turkey tries to lure back foreign investors

Moody’s has suggested Turkey could be on course for a ratings upgrade, as Ankara continues its pivot towards orthodox monetary policies.
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