uk

UK’s FCA: Financial Firms Must Improve Treatment of Politicians
UK’s FCA: Financial Firms Must Improve Treatment of Politicians
July 18, 2024  |  Regulation

The United Kingdom’s Financial Conduct Authority (FCA) is looking to change its guidance to ensure that financial firms do not treat politicians and public servants...

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Bank of England: CHAPS Payment System Service Restored After Outage
Bank of England: CHAPS Payment System Service Restored After Outage
July 18, 2024  |  Payment Methods

The Bank of England said Thursday (July 18) that a global payments issue that was affecting CHAPS, the United Kingdom’s high-value payment system, is now resolved. “We...

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Cash App Exiting UK to Increase Focus on US
Cash App Exiting UK to Increase Focus on US
July 18, 2024  |  Payment Methods

Cash App says it will exit the British market as it focuses on the U.S. The mobile payments service announced Thursday (July 19) that it...

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UK Regulators Investigating Benefits, Risks of Digital Wallets
UK Regulators Investigating Benefits, Risks of Digital Wallets
July 15, 2024  |  Payment Methods

Two United Kingdom regulators have begun gathering information on the benefits and risks of digital wallets for people and businesses. The Payment Systems Regulator (PSR) and Financial...

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Citi Names Barclays Vet James Morris as UK Commercial Banking Head
Citi Names Barclays Vet James Morris as UK Commercial Banking Head
July 15, 2024  |  Personnel

Citi has a new head of commercial banking (CCB) for the United Kingdom. James Morris, a 25-year veteran of British banking giant Barclays, is expected...

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British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
British Consumers’ Complaints About Banking Sector Rise Amid Record-High Fraud
July 12, 2024  |  Banking

British consumers have more complaints about the banking sector across the board than they did a year ago. Complaints about the sector reached their highest...

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Walmart Taps Automation in Bid to Broaden Grocery Lead Over Amazon
Walmart Taps Automation in Bid to Broaden Grocery Lead Over Amazon
July 12, 2024  |  Retail

As Walmart looks to hold its own against Amazon’s growing lead in retail, the company is leaning into its food and beverage stronghold, leveraging automation...

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Report: Digital Job Growth in UK Hits Lowest Level in Decade
Report: Digital Job Growth in UK Hits Lowest Level in Decade
July 11, 2024  |  Economy

Great Britain’s digital sector is reportedly seeing its slowest job growth in a decade. As Bloomberg News reported Thursday (July 11), this has led the incoming Labour...

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Amazon Warned to Improve UK Grocery Supplier Relations
Amazon Warned to Improve UK Grocery Supplier Relations
July 11, 2024  |  Retail

A British regulator wants Amazon to improve its relations with grocery suppliers. The Groceries Code Adjudicator (GCA) said Thursday (July 11) that it could open an investigation if the...

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