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Investors Shift from cash ISAs to Stocks and Shares ISAs Amid planned reforms

Investors Shift from cash ISAs to Stocks and Shares ISAs Amid planned reforms

Investors shift from Cash ISAs to Stocks and Shares ISAs, with new Cash ISA accounts down 7% over five years and Stocks and Shares ISA value up 37%. Chancellor Rachel Reeves plans ISA reforms, but Stocks and Shares ISAs remain popular despite delays.

23andMe files for chapter 11 Bankruptcy to maximize business value

23andMe files for chapter 11 Bankruptcy to maximize business value

23andMe seeks Chapter 11 bankruptcy, secures $35M DIP financing. CEO steps down, CFO appointed Interim CEO. Anticipates rejecting real property leases and resolving legal claims stemming from a 2023 cyber breach. 45-day bidding process for qualified buyers underway.

Revolut and Visa bring legal challenges against UK payments regulator

Revolut and Visa bring legal challenges against UK payments regulator

Revolut and Visa challenge the UK’s PSR over a proposed cap on international transaction fees, arguing the regulator overstepped its powers. European banks and fintechs claim the cap will make them lose money post-Brexit. Both seek a judicial review for a fair process.