Executive plans to challenge findings of FCA inquiry and will be replaced by CS VenkatakrishnanBarclays chief executive Jes Staley is stepping down after an investigation by the City watchdog over his links to the sex offender and disgraced financier J…
Barclays continues to wreck credit rating with mortgage claims
Despite a promise to rectify its mistake, the bank claimed six more times that a reader had paid lateThree weeks ago I featured the case of CS from Norwich whose credit score had been trashed after Barclays falsely claimed he and his wife had not paid …
Barclays won’t accept I have power of attorney for my father
I have an activation code but it’s not good enough for the bankI’ve been trying to register a power of attorney for my father after my mother died of Covid, but Barclays won’t accept the activation code sent from the Office of the Public Guardian. It i…
Barclays’ error has trashed our credit ratings
The bank falsely claims our mortgage repayments are late, and can’t seem to rectify the mistakeWe have a joint mortgage with Barclays but have just discovered that for the last 11 months the bank has been wrongly recording that we paid late. This is co…
Vyne raises $15.5M seed round to grow its merchant-focused open banking solutions
Open banking — a new approach to payments and other financial services that disrupts traditional card-based infrastructure by linking directly into banks — is having a moment. On the heels of open banking startup TrueLayer hitting a $1 billion valuation in its latest round after seeing strong traction for its services, today another open banking […]
UK’s MarketFinance scores $383M to fuel its online loans platform for SMBs
Small and medium businesses regularly face cashflow problems. But if that’s an already-inconvenient predicament, it has been exacerbated to the breaking point for too many during the Covid-19 pandemic. Now, a UK startup called MarketFinance — which has built a loans platform to help SMBs stay afloat through those leaner times — is announcing a […]
FreshBooks reaches $1B+ valuation with $130.75M for its SMB-focused accounting platform
FreshBooks, a Toronto-based cloud accounting software company focused on SMBs, announced today it has secured $80.75 million in a Series E round of funding, as well as $50 million in debt financing. Existing backer Accomplice led the equity financing, which the company described as “an inside round” that propelled FreshBooks to unicorn status with a […]
Barclays shareholders to receive £800m as Covid payout curbs scrapped
Bank’s pre-tax profits rise to £2.6m in second quarter after lifting of most UK lockdown restrictionsCoronavirus – latest updatesSee all our coronavirus coverageBarclays shareholders are in line for a payout of more than £800m from dividends and share …