All news on the topic: Finance

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Halifax to disappear from UK high streets as Lloyds rebrands all customer accounts
Halifax is being ditched after over 170 years on the UK’s high street.
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Nationwide to cut more than 600 jobs after completing £2.9bn Virgin Money takeover
A Major British bank has announced hundreds of jobs are set to be cut following a multi-billion pound takeover.
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Binance to halt EU services from July 1 after failing to secure MiCA licence
Binance has informed its EU users that it will halt services from next week after failing to secure the necessary licence to operate in the region, marking a major blow for the world’s largest crypto exchange.
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Savers hit with 22% tax on cash held in stocks and shares ISAs under new rules
Savers who invest in stocks and shares ISAs will face a 22% tax on the interest from their funds.
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Leaked files expose cash flows around Belarusian oligarch Aliaksei Aleksin’s empire
As businessman Aliaksei Aleksin’s influence grew in Belarus, leaked documents reveal how cash flowed between his energy firms, two Cypriot companies, and his personal bank account in a series of complex transactions involving loans with no clear commercial rationale and a series of canceled oil contracts.
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Europeans lose $57bn to scams as AI-powered fraud spreads across online platforms
Three in four European adults encountered a scam over the past 12 months, according to a sweeping new report that warns of a rapidly evolving digital underworld where criminal networks are increasingly harnessing artificial intelligence to target victims.
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Goldman set for huge payday from Musk’s record-breaking SpaceX listing
The SpaceX listing will make millions for Goldman Sachs, but the image-conscious firm kept its celebrations quiet.
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Raids in Lithuania and a banking battle in Vanuatu deepen troubles for Bankera trio
The founders of the Lithuanian finance firm Bankera face growing legal problems while a Vanuatu bank they acquired in 2018 seeks to fight back against the revocation of its license.
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Six heirs to Asian paint tycoon join growing class of inherited billionaires
Swiss bank reports that inheritances have made 91 individuals billionaires, while the overall number surged from 2,682 in 2024 to 9,919 this year.
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Russian-linked capital and Donald Trump’s circle: How the US real estate empire of Steve Witkoff was financed by associates of Russian Kirill Dmitriev
The Faena Miami Beach hotel gets thousands of five-star reviews online. It is arguably the most luxurious hotel in the city – certainly up there with the Miami Beach Edition.
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Swedish tycoon Torbjörn Törnqvist exits Gunvor as Kremlin-linked allegations intensify
Swedish oil billionaire Torbjörn Törnqvist is stepping down as CEO of his oil trading company Gunvor and selling his majority stake in the company.
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Russian oligarch Mikhail Fridman uses arbitration system to challenge EU and UK sanctions
Mikhail Fridman, one of Russia’s wealthiest oligarchs, is using obscure investor-state arbitration mechanisms to challenge sanctions imposed after Moscow’s full-scale invasion of Ukraine.
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Rachel Reeves is accused of talking up the ’fiscal challenge’ before announcing £26 billion worth of tax rises
Treasury minister James Murray insists Rachel Reeves has been honest with the public after the Chancellor was accused of misleading the public.
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Ukrainian investigators link Timur Mindich and financier Oleksandr Tsukerman to $100m laundering network
Kyiv is facing one of its biggest domestic political challenges since the start of Russia’s full-scale invasion.
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Starmer scrambles to cut welfare after backlash over ‘Benefits Street Budget
Keir Starmer has been forced into a panicked pledge to try to cut welfare after his "Benefits Street Budget" triggered a fierce backlash and left Rachel Reeves fighting to keep her job.
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Brazil uncovers offshore network moving millions through U.S. investment funds
The group under investigation is the country’s largest tax debtor, owing more than 26 billion reais ($4.8 billion), authorities said.
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US hits 27 cartel-linked entities with sanctions as Mexico shuts down 13 laundering casinos
US simultaneously sanctions businesses, individuals Feds link to Sinaloa cartel
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G7 nations move forward with $300 billion plan to fund Ukraine using Russian assets
Plans to use a portion of Russia’s frozen central bank assets — worth nearly $300 billion — to support Ukraine have entered the preparatory phase, with the United Kingdom and Canada joining the European Union-led initiative, Bloomberg reported.
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UK ‘not safe’ and woefully unprepared for war, ex-NATO chief warns Parliament
Britain and its people are not safe, a former Nato general secretary has warned, as he told Parliament describing the country as underprepared for war is an "understatement."
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Thames Water spent £2.5 million from emergency loan on executive bonuses — and refuses to pay it back
Funds were disbursed from a loan intended to stabilize the company’s finances weeks before it halted the retention payments plan.
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The Corruption octopus of the "Monegasques": Arakhamiya, Abramovych, Khomutynnik, and Vyazmikin protecting the interests of oligarchs
“Place sanctions on the top 10 Ukrainian oligarchs, especially the ones with mansions in Monaco, and this will stop immediately.
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By midday in 2025, FTSE 100 executives earn more than the average worker does in an entire year
Bosses to hit milestone on third working day of 2025 with median hourly pay of £1,298, says High Pay Centre.
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Pension savers given ’28-day’ warning amid expert concerns over ’disappointing’ delays
The new figures from My Pension Expert highlight how savers still face ’significant delays’ when trying to move their money, with an improvement of just one day compared to the previous year
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Barclays’ coal credits reveal ’big hole’ in its climate policy
Barclays helped raise nearly $2bn for companies running highly polluting coal-fired power plants in the US, exposing an “enormous loophole” in its climate policy.
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