Category: U.K.

Klarna has initiated a process of legal entity reorganization to establish a new holding company in the United Kingdom, setting the stage for a forthcoming IPO.(Photo: Thiago Prudencio | Getty)
Estimated read time 4 min read
Business Sweden U.K.

Klarna moves to establish a holding company in the UK, setting stage for a potential IPO listing

  • Post Date 11/06/2023

Klarna, the renowned buy now, pay later firm, has recently undertaken a significant strategic step by establishing a holding company in the United Kingdom. This [more…]

Shares of U.K.'s Metro Bank were briefly suspended from trading twice on Thursday after it confirmed it was looking to raise new capital. (Photo: Pymnts)
Estimated read time 3 min read
Business U.K.

UK’s Metro Bank struggles to raise capital amidst turmoil

  • Post Date 10/06/2023

According to analysts, Metro Bank in the UK is facing difficulties in raising fresh capital to bolster its balance sheet. The beleaguered bank’s stock has [more…]

As the sun sets in London's Canary Wharf financial district, the office buildings housing Citi, Barclays, and HSBC banks come into view. (Photo: Toby Melville)
Estimated read time 2 min read
Business U.K.

Citigroup issues caution to UK employees regarding potential workforce reductions impacting hundreds of positions

  • Post Date 09/22/2023

In a memo on Friday, Citigroup has alerted its UK-based workforce to the imminent possibility of job cuts as the bank advances its extensive restructuring [more…]