Gemini Payments UK Ltd and Gemini Intergalactic UK Ltd exit the UK market
From 6 April 2026, Gemini is closing all customer accounts in the UK. Gemini Payments UK, Ltd (GPUK) is authorised by the FCA to issue electronic money (e-money) and provide payment services.Gemini Intergalactic UK, Ltd (GIUK) offers cryptoasset products. These activities are not regulated by the FCA, although
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UK exposed to ‘serious harm’ by failure to tackle AI risks, MPs warn
Government, Bank of England and FCA criticised for taking ‘wait-and-see’ approach to AI use in financial sector Consumers and the UK financial system are being exposed to “serious harm” by the failure of government and the Bank of England to get a grip on the risks posed by
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Global central banks offer ‘full solidarity’ to US Fed’s Powell amid Trump threats
Ten governors including Bank of England’s Andrew Bailey and ECB’s Christine Lagarde say independence is critical JP Morgan boss says Trump attacks risk central bank independence Global central banks have issued an extraordinary joint statement offering “full solidarity” to the US Federal Reserve chair, Jerome Powell, in the
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Strong UK pay growth could limit interest rate cuts, Bank policymaker warns
Megan Greene says apparent end to the decline in wage growth could hinder fight against inflation The Bank of England may not be able to lower interest rates as much as expected this year, due to strong UK pay growth and expected rate cuts in the US, one
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Bank of England governor hits out at populism as Trump interferes in US Fed
Andrew Bailey says he and heads of other institutions have responsibility to ‘challenge back’ populist narratives Business live – latest updates The governor of the Bank of England has urged the world’s leading global institutions to fight back against the rise of populism, warning that it represents one
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‘We could hit a wall’: why trillions of dollars of risk is no guarantee of AI reward
Progress of artificial general intelligence could stall, which may lead to a financial crash, says Yoshua Bengio, one of the ‘godfathers’ of modern AI Will the race to artificial general intelligence (AGI) lead us to a land of financial plenty – or will it end in a 2008-style
Read MoreFCA stops Advantage Wealth Management Ltd from carrying out regulated activities and imposes assets restriction
The FCA has imposed restrictions on independent financial adviser Advantage Wealth Management Ltd (AWM), which means it must not dispose of any assets or conduct any regulated activities without the written consent of the FCA. The action follows concerns that AWM is not being managed in a way
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New solution for TenneT’s capital requirements
TenneT is making the electricity grid fit for the future. Major investments will be required in the coming years to strengthen and expand the grid. This is necessary to meet growing demand for electricity, including from households and companies that want a new or higher power connection. TenneT
Read More2025 Tax Plan: more balanced income distribution and healthy public finances
Today Folkert Idsinga, State Secretary for Tax Affairs and the Tax Administration, presented the 2025 Tax Plan to the House of Representatives. The package contains a range of measures to contribute to healthy public finances, improved purchasing power and a stronger business climate. It also includes a number
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