UK regulators tell banks to cut Libor by mid-June

Law360, London (May 14, 2021, 2:50 p.m. BST) – UK financial regulators have urged banks to include a risk-free alternative benchmark rate in exchange-traded derivatives contracts from mid-June, as markets are looking to drop the -hit Libor scandal by the end of the year. The Financial Conduct Authority and the …

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CGI images show London’s future skyline

May 12, 2021 The City of London Corporation has released CGI images showing what the Square Mile skyline will look like by the mid-2020s. The new footage captures all of the major developments that have been resolved for approval by the City Corporation’s Planning and Transport Committee over the past …

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Seventeen Group adds another brokerage to its list

Seventeen Group shows absolutely no signs of slowing down the rapid pace of its acquisition strategy and today announced the acquisition of Cornwall-based Christopher Rowe Limited (CRL) effective May 11, 2021 for an undisclosed amount. . Founded in 1984 by Christopher Rowe, CRL is a respected local broker specializing in …

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Ebay attacks banks and PayPal with business loans

Ebay will begin offering loans to businesses that sell through its UK marketplace, pitting the e-commerce group against mass-market banks and its former subsidiary PayPal. “We believe this is an area for innovation and that there is a lot of unmet demand for better service for online businesses,” eBay UK …

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