United Kingdom

Retail Brands Seek Compensation from Visa, Mastercard, Claiming High Fees
Retail Brands Seek Compensation from Visa, Mastercard, Claiming High Fees
December 12, 2021  |  Credit Cards

Several big retail brands, including Levi, Superdry and AllSaints, are looking for compensation from Visa and Mastercard over the payment companies’ controversial transaction fees, a...

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UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
UK Credit Card Interest Rates Surpass 21%, Highest Since 1998
December 05, 2021  |  Credit Cards

With credit card interest rates at new highs, campaigners want there to be more caps on the rates, The Guardian writes. Get the Full Story...

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The Bank of London Opens Doors at $1B Valuation
The Bank of London Opens Doors at $1B Valuation
November 30, 2021  |  Banking

The Bank of London is opening its doors on Tuesday (Nov. 30) as a new financial institution that aims to serve as the first purpose-built...

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UK FinTech Thought Machine Raises $200M at $1B Valuation
UK FinTech Thought Machine Raises $200M at $1B Valuation
November 29, 2021  |  Investments

U.K. FinTech startup Thought Machine raised $200 million in a Series C funding round at a valuation estimated in excess of $1 billion to bring...

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Zip Debuts In-Store BNPL Payment Option in UK
Zip Debuts In-Store BNPL Payment Option in UK
November 29, 2021  |  BNPL

Shoppers are able to use Buy Now, Pay Later with Zip in the U.K. with new developments, a report says. Get the Full Story Complete...

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British Used Car Website Carzam Nets Almost $150M in Funding
British Used Car Website Carzam Nets Almost $150M in Funding
November 28, 2021  |  Investments

Carzam, the used car site, has raked in £112 million toward its business to keep selling used cars, a report from The Telegraph says. Get...

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UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
UK Crypto Exchanges Face 2% Tax, Not Exempt Since Country Doesn’t Recognize Digital Assets
November 28, 2021  |  Taxes

U.K.-based crypto exchanges will now have to pay a new digital service tax after an update to the regulations for Her Majesty’s Revenue and Customs...

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Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose Millions in Taxes on Crypto Due to El Salvador Loophole
Bitcoin Daily: FCA to Crack Down on Crypto Sent to Terrorist Groups; UK May Lose...
November 28, 2021  |  Bitcoin

El Salvador’s move to make bitcoin a legal tender could end up causing problems at tax time elsewhere in the world, a report from The...

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UK Expands Financial Regulators’ Duties
UK Expands Financial Regulators’ Duties
November 28, 2021  |  International

The U.K. will be looking at making its regulators help boost growth and competition in finance, in addition to their other tasks, a Wall Street...

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