A banking trade body said Thursday that U.K. banks have completed the first live customer transactions using tokenized sterling deposits, in a major milestone for payments innovation.
A banking trade body said Thursday that U.K. banks have completed the first live customer transactions using tokenized sterling deposits, in a major milestone for payments innovation.
The Financial Conduct Authority said Friday that its scrutiny of the market for risky derivatives has led to the closure of 21 companies since 2025, amid concerns that consumers are being misled about the trustworthiness of overseas companies.
The U.K. government has said it will refuse license applications from five Iran-based banks operating domestically, amid a wider campaign led by the U.S. to apply economic pressure on Iran as the war rumbles on.
An investor seeking to recover millions of pounds in loans from a property finance company lost his bid Wednesday to freeze assets held by its director's wife and his Spanish company, after an appeals court ruled the investor could not serve the application in Spain.
Digital innovation is a new supervisory priority for the European Union, with the bloc initially focusing on the use of artificial intelligence and tokenization in financial markets, the European Union's watchdog has said.
Quantitative trading firm Jane Street is expanding its London operations after agreeing to pre-let 465,000 square feet of office space, real estate company CBRE Group Inc. said Thursday.
