United Kingdom

Bank of England Probes Cloud Titans Over Banking Risks
Bank of England Probes Cloud Titans Over Banking Risks
January 10, 2022  |  Big Tech

Cloud computing titans like Google, Amazon, and Microsoft are on the radar of banking regulators in the U.K. over growing concerns about how much data...

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UK Neobanks Show Potential for 2022 with Major Fundraising and Expansion Plans
UK Neobanks Show Potential for 2022 with Major Fundraising and Expansion Plans
January 07, 2022  |  Digital-First Banking

Despite the legal and pandemic-related business challenges that have plagued neobanks in the United Kingdom in recent months, the challenger bank space in Europe is...

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UK Firms Target Eco-Friendly Consumers Through Sustainability-Focused eCommerce Platforms
UK Firms Target Eco-Friendly Consumers Through Sustainability-Focused eCommerce Platforms
December 27, 2021  |  Innovation

Traditional brick-and-mortar retail models typically dictate that inventory must be available in the warehouse before it can be sold. But with an array of supply...

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UK Retail Foot Traffic Down 45% from 2019 Boxing Day
UK Retail Foot Traffic Down 45% from 2019 Boxing Day
December 26, 2021  |  Retail

The high infection rates from the COVID Omicron variant have had a dampening effect on the U.K. shopping scene around Christmas weekend, a report from...

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EU Internal Markets Chief Claims US Commerce Chief Is Lobbying for Big Tech
EU Internal Markets Chief Claims US Commerce Chief Is Lobbying for Big Tech
December 19, 2021  |  Big Tech

Thierry Breton, the EU internal markets commissioner, said a senior U.S. official has been campaigning on Big Tech’s behalf — in spite of the EU’s...

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JPMorgan’s British Retail Bank Chase Expanding Staff, Product Suite
JPMorgan’s British Retail Bank Chase Expanding Staff, Product Suite
December 14, 2021  |  Digital Banking

J.P. Morgan‘s British retail bank Chase is continuing to expand its staff as it executes its strategy to move into investment and savings services by...

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Retail Brands Seek Compensation from Visa, Mastercard, Claiming High Fees
Retail Brands Seek Compensation from Visa, Mastercard, Claiming High Fees
December 12, 2021  |  Credit Cards

Several big retail brands, including Levi, Superdry and AllSaints, are looking for compensation from Visa and Mastercard over the payment companies’ controversial transaction fees, a...

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UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
December 05, 2021  |  Credit Cards

With credit card interest rates at new highs, campaigners want there to be more caps on the rates, The Guardian writes. The rates are reportedly...

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The Bank of London Opens Doors at $1B Valuation
The Bank of London Opens Doors at $1B Valuation
November 30, 2021  |  Banking

The Bank of London is opening its doors on Tuesday (Nov. 30) as a new financial institution that aims to serve as the first purpose-built...

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