Metro Bank, Starling, TSB and Monzo are the mainstream banks that received the highest rates of fraudulent payments last year, according to research that sheds light on which firms are being targeted by scammers. The Payment Systems Regulator yesterday released industry figures for so-called authorised push payment (APP) fraud, which is when a bank customer […]
New graduates face an increasingly tough jobs market, with advertised roles down by a third from last year. According to data from Adzuna, the jobs website, about 23,300 job vacancies were advertised for graduates in September, compared with 34,300 in the same month last year. Across advertised roles, wages fell in almost two thirds of […]
Monzo is in talks about a £300m-plus fundraising that would underpin its status as the most highly valued digital bank in Britain. It is understood that Monzo, which was founded in 2015 and now boasts 8.5m customers, is in detailed talks with a pack of blue-chip investment funds about a share sale expected to value […]
A “once in a lifetime” expansion of Wimbledon’s tennis facilities took a significant step towards fruition last night after a vital planning decision. The All England Lawn Tennis Club has been given the OK by Merton Council to add 38 new courts, including a new 8,000-capacity show court, with plans for the development submitted in […]
Profits almost tripled at Amazon in the latest quarter as consumers continued to spend heavily despite the sharp rise in interest rates. The world’s largest retailer forecast that sales would continue to rise at a robust pace for the rest of the year. Growth had been knocked by surging prices and customers returning to bricks-and-mortar […]
Wilko stores are to return to high streets across the UK before Christmas under fresh plans set out by the brand’s new owner. CDS Superstores International, which trades as The Range and owns the Wilko brand and intellectual property rights, said the “public reaction to the loss of Wilko stores was undeniable” following its collapse […]
Rishi Sunak has said the UK “shouldn’t be in a rush to regulate” the development of artificial intelligence (AI) despite a dossier of potential dangers laid out by the government. The Prime Minister made a speech on the risks and rewards of the new technology at the Royal Society this morning ahead of the UK’s […]
The former NatWest chief executive breached data protection laws when she spoke to a BBC journalist about the planned closure of Nigel Farage’s bank accounts, the UK’s information watchdog has ruled. An Information Commissioner’s Office (ICO) report has said that Alison Rose broke rules on two counts: first by revealing that Farage had a banking […]
Two British banks are embroiled in a dispute over a COVID loan which could leave taxpayers on the hook for a six-figure sum. It is understood that OakNorth, the banking group founded by entrepreneur Rishi Khosla, is in talks over a £20m loan it made to a real estate joint venture between Newmark Properties and […]
UK carmakers have recorded their best September since 2020 – but warned growth is “under threat” from new Brexit export rules due to come into force within months. More than 88,200 vehicles rolled off factory lines in September, an increase of over 25,100 – almost 40% – compared to the same time last year, figures […]