News Topic: U.K.

Barclays is preparing to merge its wearable mobile payments product BPay with its more popular Pingit app, after it struggled to attract users. ... Read full article

Metro Bank, the lender founded by U.S. entrepreneur Vernon Hill, plunged to a record low after it disclosed that British regulators are probing how it misclassified assets, an incident that prompted a share sale. ... Read full article

Metro Bank, the U.K. challenger bank seeking to fix a shortfall on its balance sheet, said it expects to raise about £350 ($464 million) through selling shares. ... Read full article

The country is lagging behind others when it comes to ensure that a consumer’s financial data is available to third parties, and regulators need to step up. ... Read full article

JPMorgan Chase, which employs about 10,000 people in London, has asked "several dozen" employees to relocate across the European Union before the U.K. formally leaves the bloc in March next year. ... Read full article

The authentication software and hardware provider is shifting its focus to identity verification and account onboarding, another sign that the newest generation of bank customers is not interested in coming into a branch to set up an account. ... Read full article

Call it mutual respect. Bankers from mutually owned British building societies and similarly structured U.S. thrifts recently gathered in New England to address common challenges and share ideas about staying relevant at a time of rapid change in financial ... Read full article

British banks that deal with the Russian oligarchs and companies on a new American sanctions list will face "consequences," according to a senior U.S. Treasury official. ... Read full article

Bank of America pays female staff in Britain 28.7% less on average than male employees, according to a report released Tuesday. ... Read full article

Morgan Stanley also reported a wide disparity in gender pay, reflecting the greater proportion of men in top executive posts. ... Read full article

Coinbase Inc., one of the largest cryptocurrency exchanges, said it obtained an e-money license in the U.K. as it expands services in Europe. A local subsidiary also opened an account at Barclays Plc, easing deposits and withdrawal for clients. ... Read full article

Momentum is continuing unabated for blockchain projects and initial coin offerings (ICOs) as the potential for blockchain continues to be realized. ... Read full article

The U.S. charged 36 people in a takedown of an international cybercrime ring that prosecutors say used the slogan “In Fraud We Trust” and stole $530 million with the help of pilfered identities and malware. ... Read full article

British regulators are touting the success of their so-called regulatory sandbox. Their American counterparts have been unable to agree on a comprehensive scheme to foster innovation. ... Read full article

Revenue growth in its merchant payments business is expected to be tepid in the foreseeable future. The Minneapolis company says it is looking to ramp up innovation to stay competitive in a business that has been upended by fintech firms and online ... Read full article

Citigroup plans to close three of its four London branches as the company seeks to cut costs and focus on digital services. ... Read full article

Financial services providers and fintech startups in the U.K. will soon have another bank to work with to gain access to the country's payment systems and core banking technology — and potentially save money in doing so. ... Read full article

The digital personal financial management company is eyeing Europe as it expands its geographic footprint. ... Read full article