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Socially Most Trending News

....Functions allow the customer to swipe, pinch and zoom on the colourful 19-inch screen, just like on a tablet. And there is a video banking option to allow people to talk to bank staff. ... [Read full article on BBC ]
Thursday 27th of April 2017 11:05:04 PM
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.... . You take advantage of this every time you send a confidential work email, or buy something online, or use a banking app, or visit any website that starts with "https". ... [Read full article on BBC ]
Sunday 23rd of April 2017 11:03:23 PM
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....1%. As in Europe, banking stocks were among the stand-out gainers. ... [Read full article on BBC ]
Sunday 23rd of April 2017 09:16:09 PM
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. The NatWest banking app failed to work for nearly an hour on Friday morning. ... [Read full article on BBC ]
Friday 28th of April 2017 01:38:23 PM
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.... JP Morgan is considering buying office space in Dublin, and Citigroup has warned it may have to relocate “certain client-facing roles to the EU from the UK”. Goldman Sachs has warned that hundreds of roles could change, while HSBC could switch 1,000 investment banking jobs from London to Paris. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:03:42 PM
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....Analysis: Simon Jack, business editor. Getting rid of Barclays chief executive Jes Staley would be bad for Barclays and bad for UK banking. ... [Read full article on BBC ]
Friday 28th of April 2017 06:36:15 AM
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....". Regulators have warned about rising unsecured debt, but despite the risks, "Lloyds remains the star of the UK banking show," Mr Wilson said. ... [Read full article on BBC ]
Thursday 27th of April 2017 06:33:36 AM
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.... It now has almost 50,000 UK customers, and more than half a million across Europe. It offers current accounts in the Netherlands, Spain and Germany, and says it is now finally ready to launch a full banking service in Britain. ... [Read full article on Guardian ]
Saturday 29th of April 2017 06:00:22 AM
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....It is true. There is a glaring lack of women at top company level, and although some global corporate giants have women chief executives, there are none in banking. ... [Read full article on BBC ]
Friday 28th of April 2017 04:25:28 PM
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Monday 24th of April 2017 09:34:27 AM
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Monday 24th of April 2017 07:55:14 AM
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.... Ministers had said the cut to £4,000 “will limit the extent to which pension savings can be recycled to take advantage of tax relief, which is not within the spirit of the pension tax system”. Also being ditched for the time being is the “Making Tax Digital” initiative originally unveiled by then chancellor George Osborne in November 2015, which was designed to make the tax system more like online banking. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 04:42:20 PM
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....14bn) from shareholders in an effort to strengthen its capital base. The Swiss lender put on hold a plan to sell shares in its domestic banking business and posted a first quarter profit of 596m Swiss francs. ... [Read full article on BBC ]
Wednesday 26th of April 2017 06:27:10 AM
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....The bank said it would "continue to focus on customer service in what remains a highly competitive market". Speaking about the wider business, which includes lenders in Poland, the US, Mexico and Spain, Santander chairman Ana Botin said: "While the environment continues to be challenging for the banking sector, the outlook for Santander is positive. ... [Read full article on BBC ]
Wednesday 26th of April 2017 10:31:49 AM
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....Wells Fargo has been in turmoil since revelations that the firm created more than two million fake accounts to meet sales goals and ignored or punished whistleblowers. The scandal was the latest example of misconduct in the US banking sector. ... [Read full article on BBC ]
Tuesday 25th of April 2017 06:49:21 PM
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.... That was the probably the last moment for regulators to be radical. Under the current set-up, Lloyds’ leadership in UK retail banking is assured as far as the eye can see. ... [Read full article on Guardian ]
Thursday 27th of April 2017 07:15:03 PM
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....Lured by sunshine and sea, about 300,000 British people have made their home in Spain, with more than 600,000 owning second homes, the majority on the costas. In the wake of the 2008 global banking crisis and Spain’s property crash, sales of Spanish holiday homes to British buyers halved. ... [Read full article on Guardian ]
Friday 28th of April 2017 04:03:49 PM
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....96 points (0. 15%), supported by a further rise in banking shares as investors bet that a Macron victory would avoid Le Pen’s threat of a eurozone breakup and boost the European banking sector. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 05:35:25 PM
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....The fall was due to slower growth in personal loans, credit card borrowing, and overdrafts. “In March, annual growth in consumer borrowing from the main high street banks slowed, perhaps mirroring the dip seen in retail sales volumes as price rises appear to have started biting into consumers’ spending,” said Eric Leenders, the BBA’s managing director for retail banking. ... [Read full article on Guardian ]
Friday 28th of April 2017 07:15:39 AM
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....On Friday, when RBS was trying to focus on its first quarterly profit since the third quarter of 2015 and Lloyds on the news that the taxpayer’s shareholding had fallen to less than 1%, both banks instead faced questions about their digital operations. Customers of NatWest – part of RBS – complained on social media about their online banking, with some pointing out that it was payday. ... [Read full article on Guardian ]
Friday 28th of April 2017 03:24:55 PM
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.... The last time it turned quarterly profit was the third quarter of 2015. It warned that profits would be down in the next quarter, however, because of a slower start in its investment banking arm. ... [Read full article on Guardian ]
Friday 28th of April 2017 06:57:09 AM
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.... Tyrie called him “delusional” as well as “evasive, repetitive and unrealistic”. After the catastrophe of the 2008 banking crash, such language was exactly what was required. ... [Read full article on Guardian ]
Tuesday 25th of April 2017 06:18:25 PM
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. I recently noticed that my daughter’s Young Savers account, which was attached to my NatWest accounts, had disappeared from my online banking page. ... [Read full article on Guardian ]
Wednesday 26th of April 2017 06:00:29 AM
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Latest Finance News related to Banking

Is Triodos the ethical bank that could replace the Co-op? image
Source : Guardian [Read Article] Saturday 29th of April 2017 06:00:22 AM
.... It now has almost 50,000 UK customers, and more than half a million across Europe. It offers current accounts in the Netherlands, Spain and Germany, and says it is now finally ready to launch a full banking service in Britain. ...
No Bank balance image
Source : BBC [Read Article] Friday 28th of April 2017 04:25:28 PM
....It is true. There is a glaring lack of women at top company level, and although some global corporate giants have women chief executives, there are none in banking. ...
Weak pound melts the British dream of a place in the sun image
Source : Guardian [Read Article] Friday 28th of April 2017 04:03:49 PM
....Lured by sunshine and sea, about 300,000 British people have made their home in Spain, with more than 600,000 owning second homes, the majority on the costas. In the wake of the 2008 global banking crisis and Spain’s property crash, sales of Spanish holiday homes to British buyers halved. ...
RBS and Lloyds IT faults cause online banking frustrations image
Source : Guardian [Read Article] Friday 28th of April 2017 03:24:55 PM
....On Friday, when RBS was trying to focus on its first quarterly profit since the third quarter of 2015 and Lloyds on the news that the taxpayer’s shareholding had fallen to less than 1%, both banks instead faced questions about their digital operations. Customers of NatWest – part of RBS – complained on social media about their online banking, with some pointing out that it was payday. ...
NatWest and RBS banking app fails image
Source : BBC [Read Article] Friday 28th of April 2017 01:38:23 PM
. The NatWest banking app failed to work for nearly an hour on Friday morning. ...
UK house prices fall again in April as buyers feel the pinch image
Source : Guardian [Read Article] Friday 28th of April 2017 07:15:39 AM
....The fall was due to slower growth in personal loans, credit card borrowing, and overdrafts. “In March, annual growth in consumer borrowing from the main high street banks slowed, perhaps mirroring the dip seen in retail sales volumes as price rises appear to have started biting into consumers’ spending,” said Eric Leenders, the BBA’s managing director for retail banking. ...
RBS reports first quarterly profit since 2015 image
Source : Guardian [Read Article] Friday 28th of April 2017 06:57:09 AM
.... The last time it turned quarterly profit was the third quarter of 2015. It warned that profits would be down in the next quarter, however, because of a slower start in its investment banking arm. ...
Barclays profits more than double image
Source : BBC [Read Article] Friday 28th of April 2017 06:36:15 AM
....Analysis: Simon Jack, business editor. Getting rid of Barclays chief executive Jes Staley would be bad for Barclays and bad for UK banking. ...
No branch?  image
Source : BBC [Read Article] Thursday 27th of April 2017 11:05:04 PM
....Functions allow the customer to swipe, pinch and zoom on the colourful 19-inch screen, just like on a tablet. And there is a video banking option to allow people to talk to bank staff. ...
Deutsche Bank: 4,000 jobs at risk of being moved out of UK after Brexit image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:03:42 PM
.... JP Morgan is considering buying office space in Dublin, and Citigroup has warned it may have to relocate “certain client-facing roles to the EU from the UK”. Goldman Sachs has warned that hundreds of roles could change, while HSBC could switch 1,000 investment banking jobs from London to Paris. ...
Santander chief warns on 'changeable' UK economy image
Source : BBC [Read Article] Wednesday 26th of April 2017 10:31:49 AM
....The bank said it would "continue to focus on customer service in what remains a highly competitive market". Speaking about the wider business, which includes lenders in Poland, the US, Mexico and Spain, Santander chairman Ana Botin said: "While the environment continues to be challenging for the banking sector, the outlook for Santander is positive. ...
Credit Suisse plans £3bn fundraising to boost capital image
Source : BBC [Read Article] Wednesday 26th of April 2017 06:27:10 AM
....14bn) from shareholders in an effort to strengthen its capital base. The Swiss lender put on hold a plan to sell shares in its domestic banking business and posted a first quarter profit of 596m Swiss francs. ...
NatWest closed my child’s savings account without telling me image
Source : Guardian [Read Article] Wednesday 26th of April 2017 06:00:29 AM
. I recently noticed that my daughter’s Young Savers account, which was attached to my NatWest accounts, had disappeared from my online banking page. ...
Shareholders angry over fake accounts disrupt Wells Fargo meeting image
....Wells Fargo has been in turmoil since revelations that the firm created more than two million fake accounts to meet sales goals and ignored or punished whistleblowers. The scandal was the latest example of misconduct in the US banking sector. ...
Andrew Tyrie, scourge of bankers, deserves new City role | Nils Pratley image
Source : Guardian [Read Article] Tuesday 25th of April 2017 06:18:25 PM
.... Tyrie called him “delusional” as well as “evasive, repetitive and unrealistic”. After the catastrophe of the 2008 banking crash, such language was exactly what was required. ...
Stock markets surge to new highs ahead of Trump's tax reform plan image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:35:25 PM
....96 points (0. 15%), supported by a further rise in banking shares as investors bet that a Macron victory would avoid Le Pen’s threat of a eurozone breakup and boost the European banking sector. ...
Andrew Tyrie to stand down as Conservative MP after 20 years image
Source : Guardian [Read Article] Tuesday 25th of April 2017 05:33:38 PM
....“It has been an exhilarating 20 years,” Tyrie said in a statement announcing his decision. “I have done what I can to make a contribution, particularly in efforts to improve banking standards and to shape a more trusted and resilient financial sector after the crisis of 2008. ...
Tax raid postponed as ministers rush through finance bill image
Source : Guardian [Read Article] Tuesday 25th of April 2017 04:42:20 PM
.... Ministers had said the cut to £4,000 “will limit the extent to which pension savings can be recycled to take advantage of tax relief, which is not within the spirit of the pension tax system”. Also being ditched for the time being is the “Making Tax Digital” initiative originally unveiled by then chancellor George Osborne in November 2015, which was designed to make the tax system more like online banking. ...
Geeks v government  image
Source : BBC [Read Article] Sunday 23rd of April 2017 11:03:23 PM
.... . You take advantage of this every time you send a confidential work email, or buy something online, or use a banking app, or visit any website that starts with "https". ...
Barclays boss’s spy act is a funny old business image
Source : Guardian [Read Article] Sunday 23rd of April 2017 06:00:05 AM
.... Please remember that when he faces the City for the first time since being publicly disgraced, at Barclays’s quarterly results this week. Apart from those numbers from Barclays, we have a slew of other banking events this week – among them an annual general meeting at HSBC, where the bank’s board is about to undergo significant change, partly because it’s time, and partly due to a row with those pesky proxy groups. ...
How to find the best personal loan without damaging your credit rating image
Source : Guardian [Read Article] Saturday 22nd of April 2017 06:00:06 AM
....” He suspects the majority of people looking for a loan would use a price comparison website, and these typically offer soft search tools that let you check out deals without affecting your credit record. Kevin Mountford, banking expert at MoneySuperMarket. ...
UK bank accounts of Iranian customers still being closed, says law firm image
.... “I received a letter from the bank telling me that my accounts and credit card will be closed in two months. After nine years of banking and an excellent credit score they didn’t even see the need to justify this act. ...
Virgin Money chief: 'I have battled with mental health all my life' image
Source : Guardian [Read Article] Thursday 20th of April 2017 04:15:42 PM
....When Jayne-Anne Gadhia was once turned down for a promotion, her boss provided two reasons for his decision: she lacked a thick skin and the ability to bullshit. Twenty five years on – and after making it to the top of the banking sector to become chief executive of Virgin Money – Gadhia reckons she still doesn’t possess either of those characteristics. ...
With a whiff of sulphur, George Osborne was gone – but for how long? | Polly Toynbee image
....It was, I suppose, just politics as usual to profoundly misinform people about the economy he inherited. Gordon Brown’s great service as prime minister was to rescue the entire banking system when it was hours from collapse, and to leave an economy growing again after that shock. ...
Brexit’s unpredictable outcome poses risk to global stability, says IMF image
Source : Guardian [Read Article] Wednesday 19th of April 2017 12:30:21 PM
....”. The IMF also noted that there could be financial stability benefits if Europe had a less concentrated banking system. ...
Morgan Stanley profits jump on bond trading growth image
Source : BBC [Read Article] Wednesday 19th of April 2017 12:27:31 PM
....4bn) for the three months against the same quarter last year. The gain came as investment banking and bond trading revenues jumped, and the bank was able to set aside less money for credit losses. ...
RBS stake may be sold at a loss, chancellor admits image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:01:26 PM
....Mr Hammond has previously said the government did not expect to offload its stake in RBS until after 2020. He added: "We are making real progress in realising our holdings in the banking sector. ...
Brexit, PPI and high cost credit are top priorities for City watchdog image
Source : Guardian [Read Article] Tuesday 18th of April 2017 05:32:29 PM
....”. The wide-ranging work of the FCA, which oversees 56,000 firms, will also involve looking at the business models of retail banks and “free banking” for current account customers who do not use unauthorised overdrafts following on from the Competition and Markets Authority investigation last year. ...
Goldman Sachs and Bank of America see profits jump image
Source : BBC [Read Article] Tuesday 18th of April 2017 11:54:29 AM
....Shares in Goldman Sachs fell more than 3% after the market opened. Goldman chief executive Lloyd Blankfein said: "The operating environment was mixed, with client activity challenged in certain market-making businesses and a more attractive backdrop for underwriting in our investment banking franchise. ...
REVEALED: Most common financial scams to avoid image
Source : Daily Express [Read Article] Tuesday 18th of April 2017 12:01:00 AM
....Businesses who fall victim to these types of scams lose, on average, £30,000 to this type of fraud. NatWest chief executive of personal and business banking, Les Matheson, said: "We know scammers can be convincing and they work round the clock to persuade their victims to part with money. ...
Microsoft patched 'NSA hack' Windows flaws before leak image
Source : BBC [Read Article] Monday 17th of April 2017 10:27:49 AM
. Microsoft says it had already fixed software flaws linked to an alleged breach of the global banking system before they were exposed last week. ...
Lloyds eyes Berlin for post-Brexit push image
Source : BBC [Read Article] Sunday 16th of April 2017 04:22:04 PM
.... . The Sunday Telegraph newspaper reported that Lloyds would apply for a new German banking licence within a few months, but the company has refused to comment. ...
Libor rigging: chancellor urged inquiry into Bank of England allegations image
....“Continuing official silence from the chancellor is not acceptable when confronted with this scale of rigging,” he said. “It is essential that we clarify who took the decisions to rig the Libor index, and when, so that the schools, NHS hospitals and local councils that lost out can be paid the compensation that is rightfully due and public confidence in our banking system and official institutions can be restored. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
.... Low rates mean they need to generate huge volumes of business to make the equivalent profit, forcing them to embrace sub-prime borrowers, as they did in the early part of the century to such disastrous effect. A higher return on lending will strengthen the banking sector’s financial standing and give them the funds to spur investment and help in the all-important task of improving the nation’s output and productivity. ...
Ford wheels out range of online savings accounts image
Source : Guardian [Read Article] Saturday 15th of April 2017 06:00:17 AM
....71% (from OakNorth Bank) respectively. Ford has operated a banking arm in in the UK since 1997 and has thousands of car finance customers, but has only now decided to launch an online savings division. ...
Labour plans to halt 'epidemic' of high street bank closures image
Source : Guardian [Read Article] Thursday 13th of April 2017 11:01:17 PM
....Labour has pledged to tackle what it calls an epidemic of high street bank closures by only permitting branches to be shut after a local consultation and with the permission of the Financial Conduct Authority (FCA). Under a policy to be outlined by the shadow chancellor, John McDonnell, the party would replace the current guidance system over closures, called the access to banking protocol, which was agreed between high street banks, consumer groups and the government. ...
JPMorgan and Citi quarterly profit helped by higher rates image
Source : BBC [Read Article] Thursday 13th of April 2017 11:11:57 AM
....Profits at two of the biggest US banks jumped in the first quarter, buoyed by higher interest rates. Increased banking and trading activity helped lift profits at JPMorgan Chase 17% from the same period in 2016, the bank said. ...
FTSE 100 slides as bank shares lose ground image
Source : BBC [Read Article] Thursday 13th of April 2017 08:04:39 AM
US senator presses Deutsche Bank for details of Trump loans image
Source : Guardian [Read Article] Wednesday 12th of April 2017 04:29:14 PM
.... The bank has also extended another $950m to a venture in which Trump owns a 30% stake, the Wall Street Journal reported in January. Van Hollen, who sits on the Senate banking committee, said he had “great concern” about possible conflicts of interest between Deutsche and Trump and questions about whether the bank’s role as the president’s largest creditor could influence multiple ongoing investigations into the German bank. ...
Tesco shares tumble despite first UK growth in seven years image
Source : Guardian [Read Article] Wednesday 12th of April 2017 06:26:58 AM
....4bn loss two years ago – one of the biggest losses in British corporate history – after the group slashed the book value of its property and stock. Five years ago Tesco was banking annual profits of £4bn and in a bid to reclaim that high ground Lewis has set a target that by 2020 Tesco will earn between 3. ...
Barclays whistleblower case sparks calls for more protection image
Source : Guardian [Read Article] Tuesday 11th of April 2017 11:59:31 AM
....“It is hard to see how an organisation whose CEO instructs his internal security team to identify the author of a whistleblowing letter has created an open culture whereby employees feel confident to speak out. With all that has been said about reforming behaviour in the banking sector, it seems clear that this is still a work in progress. ...
NatWest banking chief executive Les Matheson – as it happened image
Source : Guardian [Read Article] Tuesday 11th of April 2017 09:11:32 AM
...
Related to :
The good stuff image
Source : BBC [Read Article] Monday 10th of April 2017 11:19:56 PM
.... . Erin Michelson's high-flying banking career took her to Hong Kong, Chicago, New York and San Francisco, where she rose to vice president and director of philanthropic management at Bank of America. ...
BBC to air recording that implicates Bank of England in Libor scandal image
Source : Guardian [Read Article] Monday 10th of April 2017 06:45:56 PM
....Del Missier told MPs on the Treasury select committee that he had issued the instruction after a conversation with his then boss, Diamond, in October 2008, when the financial system was on the brink. Diamond was then running Barclays Capital, the investment banking arm, before being promoted to chief executive. ...
Wells Fargo takes back $75m from ex-executives after fake accounts scandal image
....The 110-page report has been in the works since September, when Wells acknowledged that its employees opened up to 2m checking and credit card accounts without customers’ authorization. Trying to meet unrealistic sales goals, Wells employees even created phony email addresses to sign customers up for online banking services. ...
Ukraine's central bank chief resigns image
Source : BBC [Read Article] Monday 10th of April 2017 10:46:19 AM
....The governor of Ukraine's central bank, Valeriya Gontareva, has resigned the post after three years, following intense pressure from tycoons whose banks she shut down for conducting illegal transactions and loans. She was popular with the West for her efforts to bring Ukraine's banking system closer to international levels. ...
Barclays boss used bank's security team to hunt for whistleblower image
Source : Guardian [Read Article] Monday 10th of April 2017 09:06:17 AM
....Born in Boston, Massachusetts, James Edward Staley, nicknamed “Jes”, studied economics at Bowdoin, a liberal arts and science college in Maine. He spent 30 years at Wall Street institution JP Morgan, enjoying a record of success that saw him promoted to chief executive of its investment banking arm in 2009. ...
Sparkling success image
Source : BBC [Read Article] Sunday 9th of April 2017 11:11:43 PM
....". So in 2008, then aged 38, Karen resigned from her senior role at banking group Barclays. ...
Outlook for City after Brexit 'has improved' image
Source : BBC [Read Article] Sunday 9th of April 2017 09:30:14 AM
....The outlook for the UK financial sector has improved since Brexit was triggered, the policy chief for the City of London Corporation has said. Mark Boleat said London would remain a leading financial hub, with only a few banking jobs likely to move. ...
Small towns seethe at bank closures, but others are plotting a new future image
....Yet another bank, just a two-minute walk from Lloyds’ micro-branch in St Paul’s, believes abandoning branches is the wrong strategy. Metro Bank has opened a vast banking hall in a prime corner site on Cheapside, with triple-height ceilings. ...
Are the wheels about to fall off the credit gravy train? image
Source : Guardian [Read Article] Saturday 8th of April 2017 03:00:05 PM
Revealed: the huge profits earned by big banks on overseas money transfers image
....The precise breakdown of the figures shows that Santander made €290m from its FX margin, or nearly 80% more than the €163m it earns from the standard fee. It also reveals that, when sending money overseas, there is another stream of revenue that a bank earns, called “correspondent banking”, which in Santander’s case is worth €132m. ...
WARNING: Free bank accounts to END, warns IMF in yet ANOTHER blow to hard-working Britons image
. Under the current system, most providers offer free banking services, because it provides a platform to sell customers lucrative products such as mortgages, credit cards and loans. ...
Bank of England orders financial firms to draft Brexit contingency plans image
....As the UK and EU governments prepare for tough Brexit negotiations, Carney used his speech to challenge those who want to cut the UK’s access to the rest of Europe. He urged politicians not to give in to protectionism on banking rules but to keep an open financial system. ...
Two Barclays traders found not guilty in Libor retrial image
Source : BBC [Read Article] Thursday 6th of April 2017 10:12:09 AM
....Jonathan Pickworth, a lawyer at White & Case, which was not involved in the case, said the speedy acquittal "tells us all we need to know about what the jury thought of the prosecution case". During the trial, the SFO's only banking industry expert admitted he had broken court rules by sending texts and emails to contacts, while giving evidence in court, to check he was answering basic questions correctly. ...
Speedboat among £5.1m of assets seized in tax fraud investigation image
Source : Guardian [Read Article] Wednesday 5th of April 2017 06:53:57 PM
.... Credit Suisse offices in London, Paris and Amsterdam have been searched by local authorities. The action has prompted fresh calls for an end to Swiss banking secrecy. ...
Thousands of Tesco jobs at risk under plan to axe some night shifts image
Source : Guardian [Read Article] Wednesday 5th of April 2017 04:55:52 PM
....After the accounting scandal Lewis led a restructuring of the group, which is the UK’s biggest private sector employer. In his first year in charge he axed nearly 5,000 head office and UK store management jobs as well as more than 4,000 roles overseas and at the group’s banking division. ...
Lloyds reveals location of 100 branch closures as it cuts 325 jobs image
Source : Guardian [Read Article] Wednesday 5th of April 2017 12:27:47 PM
....”. He said online banking was not always an option because of poor broadband coverage in many rural areas. ...
Donald Trump tells banks he will give laws a 'haircut' image
Source : BBC [Read Article] Tuesday 4th of April 2017 09:50:19 PM
. President Donald Trump has promised sweeping reforms to "horrendous" US banking regulations that were introduced after the financial crisis. ...
Tesla closes in on General Motors as most valuable US carmaker image
Source : BBC [Read Article] Tuesday 4th of April 2017 05:33:05 PM
....However, those sales were dwarfed by the 550,000 that GM sold during the same quarter. Tesla has been at the forefront of battery-powered car technology and investors are banking on strong growth in the future. ...
RBS plan faces European Commission investigation image
Source : BBC [Read Article] Tuesday 4th of April 2017 03:42:35 PM
....This is to boost switching of small and medium-scale enterprise (SME) customers away from RBS, while the bigger bank would give branch facilities to those smaller rivals. RBS funding would also help develop financial technology for the wider banking sector. ...
Cost of junk image
Source : BBC [Read Article] Tuesday 4th of April 2017 12:52:58 PM
.... . The country's currency, the rand, has lost ground, bonds and banking shares have fallen and there is a general air of impending doom. ...
Lloyds to shrink hundreds of UK branches to two staff image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:29:14 PM
....The new micro branch format is based on a pilot at an existing branch near St Paul’s Cathedral in London. Banks are closing branches across the country due to the rise of online banking. ...
Co-operative Group to write off the value of its stake in Co-op bank image
Source : Guardian [Read Article] Monday 3rd of April 2017 06:30:15 AM
....The mutual has 2 million members who are Co-op bank customers. When the bank put itself up for sale in February, the mutual said: “Our goal is to ensure the continued provision of the type of co-operative banking products our members want. ...
EU financial centres vie to poach tens of thousands of City jobs image
Source : Guardian [Read Article] Monday 3rd of April 2017 05:30:14 AM
....“There is clear evidence that policymakers and private actors within Frankfurt, Paris and Dublin are seeking to ‘capitalise’ on Brexit, whether directly through picking the ‘low-hanging fruit’ or indirectly through securing regulatory or tax reform in line with the business interest,” the report said. The Brussels-based thinktank Bruegel, said earlier this year that the UK could lose 30,000 finance sector jobs as a result of Brexit, with 10,000 banking jobs and 20,000 roles in accountancy, law and consulting going abroad amounting to €1. ...
Sydney property prices rise almost 20% in past 12 months image
Source : Guardian [Read Article] Monday 3rd of April 2017 03:08:56 AM
....“Weaker economic conditions in states reliant on the mining industry, rising underemployment, weak wages growth and less favourable housing market conditions will drive delinquencies higher,” vice president and senior analyst Alena Chen said on Monday. On Friday the banking regulator, the Australian Prudential Regulation Authority (Apra), wrote to major lenders warning them to tighten their lending practices on investor and interest-only loans. ...
Lloyds Bank to shrink hundreds of branches in size image
Source : BBC [Read Article] Sunday 2nd of April 2017 11:00:44 PM
....There will be video links for customers to talk to mortgage advisers, but for complex transactions they will have to visit a bigger branch. As part of the changes Lloyds will also open up to 20 much larger banking centres, which will have a full range of facilities, including sections for entrepreneurs. ...
Robbing Paula to pay Peter in the boardroom image
Source : Guardian [Read Article] Sunday 2nd of April 2017 05:59:46 AM
....The 1969 book The Peter Principle is practically unique among management texts, in that it’s based on a good gag. The premise is that employees are promoted until they reach a job at which they prove incompetent – a line that’s funny because of its truth, be that for sales directors, banking bosses or foreign secretaries. ...
How Karen Millen lost the battle for her name – and her fortune image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
.... Her story is a stark reminder of the noughties’ high street boom, fuelled by the expansion of Icelandic banks, that would go spectacularly bust during the credit crunch. Although Kaupthing had made her rich, Millen and Stanford, whose business interests remained linked despite their divorce in 2001, suffered heavy losses after the bank failed during the 2008 banking crisis, taking many of their personal investments with it. ...
Central banks 'must communicate better to regain trust' image
Source : BBC [Read Article] Friday 31st of March 2017 09:14:41 PM
....In a speech at the Federal Reserve Bank of San Francisco, Mr Haldane said: "Trust is the lifeblood of all things monetary and financial, including central banks. "And incredulity is Kryptonite for central banking Supermen (and the odd Superwoman), rendering ineffective their policies and unaccountable their actions. ...
UK households’ savings fall to record low in warning sign for economy image
....”. This week, the Bank of England said rapid growth in consumer credit, underpinned by an acceleration in credit card borrowing, was one of the main threats to the UK banking system. ...

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