Mastercard and Visa are facing a crackdown from the UK watchdog over merchant fees

Unlock the Editor’s Digest for free Roula Khalaf, editor of the FT, selects her favorite stories in this weekly newsletter. Visa and Mastercard will be required to share more information about the fees they charge merchants under new rules proposed by the UK’s payments regulator. The Payment Systems Regulator proposed on Tuesday that the two … Read more

Paying more is ‘not feasible’: new visa rules will impact the recruitment of foreign graduates

When Rohan came to Britain in 2022 to pursue a master’s degree, his ambition was to stay and continue his career in Britain. After completing his studies, he accepted a place on HSBC’s graduate program in Sheffield, in the north of England. But after attending several introductory events, the lender abruptly withdrew its offer last … Read more