Banks which use Travelex to operate their foreign exchange services remain unable to sell currency, two weeks after it was hit by a cyber attack. For chief risk officers across financial services, it serves as a warning
As debt purchasers now operate as pan-European corporates, with some considering flotation in two to three years, Marcel Le Gouais asks investment advisers how they calculate a debt buyer’s valuation
At the Credit Summit in 2014 Martin Wheatley, the FCA’s “shoot first, ask questions later” boss at the time, told delegates that unsecured debt in the UK had reached £158bn. Just four years later it now stands at £205bn
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