Tag: Bank
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£100M boost for UK healthtech as British Business Bank backs Apposite growth fund
The British Business Bank has agreed to make a £100 million commitment to Apposite Healthcare Growth I, a fund investing to support the growth of health technology companies, primarily in the UK. This will be the British Business Bank’s largest fund commitment to date and is the Bank’s first commitment to Apposite Capital, a specialist read more
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Starling Bank rolls out “UK’s first agentic AI financial assistant”
Starling Bank is rolling out what it says is the “UK’s first agentic AI financial assistant”, as it looks to leverage the new technology to help improve day-to-day banking. The UK challenger bank, which has nearly fivemillion customers, said that Starling Assistant can help its customers manage day-to-day finances, share personalised financial insights and give read more
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The US Art Market Is Stabilizing—but It’s a Different Market Now, Per New Bank of America Report
The US art market showed signs of life in 2025. Auction sales rose 23 percent from the previous year to about $3.17 billion, according toa new reportfrom Bank of America and the analytics firm ArtTactic. But the rebound did not come from a surge in demand. Instead, it was driven largely by major estate consignments, read more
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Maximum’s Billex turns bank notes into furniture
Money manufacturers the world over are forever contending with counterfeiters. Before the U.K. introduced a new pound coin in 2017, for example, the earlier version was easy enough to fake that there were tens of millions of fraudulent copies in circulation. The same goes for paper bank notes, which over the years have been printed read more
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Allica Bank to become UK’s latest fintech unicorn, following $155M funding round, according to report
UK challenger business bank Allica Bank is to become the latest UK fintech unicorn, following a$155m (£111m) Series D funding round, according to a report. Allica is expected to announce tomorrow that its new valuation will hit$1.2bn (£890m), following the Series D round, Sky News says. It will mean that Allica will join the likes read more
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Brazilian Authorities Search for Art Holdings of Bank CEO
Brazilian authorities are searching for assets, including art, linked to financier Daniel Vorcaro, CEO of the failed bank Banco Master SA, reports Bloomberg. Brazil’s central bank liquidated Banco Master last November due to a severe solvency crisis and regulatory violations and after a police investigation into its practices. Officials allege that Banco Master, a mid-sized read more
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British Business Bank invests up to £45M in VC fund targeting consumer brand startups
The British Business Bankis investing up to £45m in a VC fund which makes seed-stage investments in consumer brand startups and B2B tech that supports them. The UK state-backed bank is investing the funds in Redrice Ventures, saying it will help promising startups scale, commercialise research and attract follow-on investment. It is investing in Redrice’s£75m read more
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With New Bill, Israel Moves to Expand Control Over Ancient West Bank Sites
Israel has unveiled a bill to oversee West Bank antiquities, drawing condemnation as a violation of international law and a further escalation of its annexation of Palestinian territory. The bill was approved for a first reading by the Israeli Knesset’s Ministerial Committee on Legislation on February 8. It would give Heritage Minister Amihai Eliyahu “sweeping read more
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Palestinians Decry Israel’s Plan to Seize West Bank Archaeological Site: ‘A Violation of Our History’
Israeli authorities have announced plans to seize a sprawling archaeological site overlooking the Palestinian town of Sebastia in the West Bank, sparking outrage among the roughly 3,500 Palestinians who depend on tourism to the site and nearby olive groves for their livelihoods. Residents of Sebastia have denounced the planned seizure as a pretext for expanding read more
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Nordic challenger bank Lunar raises €46M, as looks to grow business users
Lunar, the Nordic digital challenger bank, has raised €46 million in fresh funding, with the funds geared towards growing its business customers and supporting the launch of a suite of new lending products. Lunar, which has over one million users across the Nordics, has raised the funding from existing investors Heartland and Orbit Alliance and read more
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British Business Bank invests £25M in Kraken Technologies
The UK government-backed British Business Bank (BBB) is taking a £25m stake in Kraken Technologies, the software entity being spun out of Octopus Energy, marking the bank’s biggest ever direct investment into a private firm. Octopus Energy sold a $1bn stake inKraken last month to a syndicate of investors, paving the way for its demerger read more
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