The Confederation of British Industry (CBI) has issued a stark warning: the UK’s financial services sector stands at a defining moment, with its global competitiveness hanging in the balance. In a comprehensive new report, the CBI calls for immediate, decisive action to safeguard the industry’s future and ensure Britain remains[Read More…]

Monzo, a prominent UK digital bank, is working diligently to restore confidence following the regulator issued a fine of 21.1 million pounds for “inadequate anti-financial crime systems and controls” between October 2018 and August 2020. The penalty underscored significant vulnerabilities in the bank’s operations, prompting a robust response to address[Read More…]

The Financial Conduct Authority (FCA), the UK’s financial regulator, is scrutinising its future role in Scotland as economic and political dynamics shift. With the financial services sector a cornerstone of Scotland’s economy, the FCA’s reassessment aims to ensure robust oversight while navigating the region’s unique challenges. Scotland remains a powerhouse[Read More…]

In a bold move to bolster its respiratory health offerings, American pharmaceutical titan Merck & Co. has agreed to purchase UK-based Verona Pharma for approximately £7.8 billion. This acquisition, one of the largest in the sector this year, underscores Merck’s ambition to diversify its portfolio and cement its position in[Read More…]

The Bank of England has raised serious concerns about the growing threats to the United Kingdom’s financial stability, driven by global geopolitical unrest and fragile economic conditions. Its latest Financial Stability Report underscores the mounting risks posed by international tensions, persistent inflation, and vulnerabilities in global markets, casting a shadow[Read More…]