UK Cloud Computing Giants Amazon and Microsoft Face CMA Investigation Over Lack of Competition
In a significant development, the UK's cloud computing sector is under scrutiny as media regulator Ofcom raises concerns over the overwhelming dominance of Amazon and Microsoft.
Sanjiv Somani, the CEO of Nutmeg and Chase UK, is leaving JP Morgan
JP Morgan executive Sanjiv Somani, who was the head of Nutmeg and the bank's fintech rival business Chase in the UK, has resigned. Somani, who has been with JP Morgan since 2016, headed Chase since its launch in the UK in 2021 and was Managing Director of International Consumer Banking UK.
Major investor’s plan to break up HSBC thwarted
HSBC, one of the largest banks in the world, has managed to fend off an attempt by its largest shareholder, Chinese insurer Ping An, to split up the bank. Ping An has been calling for HSBC to separate its Asian business, arguing that its profitable operations in Asia are subsidising other parts of t
