Global

October 26, 2026 @ 11:10 am By JD Alois  |  

Chancellor John Healey will deliver the first Autumn Budget under the new Prime Minister Andy Burnham, and while the broader mission remains to provide solace to a population that is fatigued by the higher cost of living and businesses in need of more growth, Labour… Read More

October 26, 2026 @ 9:11 am By Omar Faridi  |  

Sygnum Bank and Debifi introduced MultiSYG on 23 October 2026, a regulated Bitcoin-backed lending product that keeps pledged collateral in a dedicated multi-signature wallet rather than under sole bank custody. Keys for each client’s Bitcoin are shared among the borrower, Sygnum Bank, and independent institutional… Read More

October 26, 2026 @ 8:32 am By Omar Faridi  |  

Digital bank Revolut has begun providing unsecured personal loans to customers in the United Kingdom, marking a key expansion into traditional consumer credit. UK chief executive Francesca Carlesi confirmed the development to Reuters, positioning the company—widely regarded as Europe’s highest-valued startup—to contest a profitable lending… Read More

October 26, 2026 @ 7:21 am By FCA  |  

This post was originally published on fca.org.uk  The UK’s most innovative businesses often start small. Before they can develop new technologies, win contracts or expand into new markets, they need access to banking services to help them operate, invest and grow. Access to financial services… Read More

October 26, 2026 @ 6:28 am By Omar Faridi  |  

S&P Global Ratings has delivered a notable milestone for the UK-based digital bank Revolut by assigning it an inaugural long-term issuer credit rating of BBB+ with a Positive outlook. Issued on 22 October 2026, the assessment marks the first time a major credit agency has… Read More

October 26, 2026 @ 6:20 am By FCA  |  

This post was originally published on fca.org.uk  The joint liquidators will carry out an assessment of any client money and custody assets held by the firm to confirm the current position.  Following the assessment, the joint liquidators will work to return as much client money… Read More

October 25, 2026 @ 8:14 pm By Omar Faridi  |  

Russia’s central bank digital currency has recorded rapid early adoption, with 270,000 digital ruble accounts opened by late October 2026—less than two months after its nationwide rollout. Bank of Russia Governor Elvira Nabiullina disclosed the figure during an October 23 press conference following a monetary… Read More

October 25, 2026 @ 8:08 pm By Omar Faridi  |  

Compensation for quantitative finance professionals has kept rising even as artificial intelligence becomes more deeply embedded in the industry, according to recent research from the CQF Institute, part of Fitch Learning. The recent research findings, drawn from the organization’s 2026 Careers Guide to Quantitative Finance,… Read More

October 25, 2026 @ 6:04 pm By Omar Faridi  |  

Etsy (NYSE: ETSY) is introducing tighter rules on artificial intelligence across its marketplace after determining that buyer uncertainty over AI-generated listings has become one of the top three obstacles preventing people from shopping more frequently on the platform. The company outlined the changes in a… Read More

October 25, 2026 @ 2:58 pm By Omar Faridi  |  

Brazil’s securities regulator calls for mandatory tokenization paired with AI-driven surveillance to modernize capital-market oversight. On Friday, October 23, Otto Lobo, president of Brazil’s Comissão de Valores Mobiliários (CVM), told the IV Congress of Investment Fund Law organized by the Associação dos Advogados that the… Read More

October 25, 2026 @ 12:43 pm By Michael Wong  |  

SoftBank-backed OPay Limited is seeking to raise up to $336 million in a U.S. initial public offering (IPO), as the digital financial services group capitalizes on rapid growth in its payments and lending businesses. The Singapore-headquartered company plans to offer 16 million American depositary shares… Read More

October 25, 2026 @ 2:02 am By Omar Faridi  |  

Tesla (NASDAQ: TSLA) delivered stronger-than-anticipated third-quarter results this week, with adjusted earnings per share reaching 48 cents against Wall Street forecasts of roughly 43 cents. Revenue also edged past projections, coming in near $28 billion. Most notably, free cash flow swung to a positive $1.5… Read More

October 25, 2026 @ 1:35 am By Omar Faridi  |  

A severe security flaw has emerged in PHP, the programming language that underpins roughly 70 percent of websites with a detectable server-side component. Two related vulnerabilities, each assigned a critical severity rating of 9.2 out of 10, allow unauthenticated attackers to achieve remote code execution… Read More

October 25, 2026 @ 12:16 am By Omar Faridi  |  

Chinese artificial intelligence company DeepSeek has completed a major capital raise totaling roughly 100 billion yuan, equivalent to about $15 billion, according to a Bloomberg report citing people familiar with the matter. The Hangzhou-based startup increased its fundraising goal more than once during investor discussions,… Read More

October 24, 2026 @ 11:23 am By Barry James  |  

As the UK House of Lords Financial Services Regulation Committee kickoff the first evidence session of their inquiry into Regulatory Sandboxes this week (with written submissions closing Friday) in this, the first of a short series, in which we will map, diagnose, and work out… Read More

October 24, 2026 @ 11:10 am By Michael Wong  |  

Only 13% of chief information officers (CIOs) said their organisations had achieved significant or transformational value from artificial intelligence, even as companies ramp up spending and expand its use, according to a Gartner survey. The survey of 2,002 CIOs and technology executives, conducted from May… Read More

October 24, 2026 @ 11:06 am By Omar Faridi  |  

Barclays (LON: BARC) has disclosed plans to eliminate roughly 5,000 positions across its global operations by the close of 2026, equivalent to about 5 percent of its total workforce. The lender reported a headcount of approximately 93,000 employees at the end of 2025. Of the… Read More

October 23, 2026 @ 5:33 pm By Omar Faridi  |  

European financial supervisors have reached out to Google following a significant cloud computing disruption earlier this week that temporarily disabled online services at multiple major banks. The outage, which occurred on Tuesday and persisted for several hours, stemmed from a power-related incident at a third-party… Read More

October 23, 2026 @ 1:01 pm By JD Alois  |  

The US Department of the Treasury is declaring a victory of sorts in its mission of putting the economic screws to the rogue regime led by Iran. Secretary of the Treasury Scott Bessent posted on X earlier today that the “United States is no longer… Read More

October 23, 2026 @ 10:28 am By Omar Faridi  |  

Wall Street closed sharply lower on Thursday as technology stocks absorbed the heaviest selling, with the latest batch of corporate results failing to rekindle enthusiasm for artificial intelligence investments. The Nasdaq Composite dropped 2.6 percent, its steepest single-session decline since June, while the S&P 500… Read More