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Socially Most Trending News

....At more than double the cost of Amazon's Echo, the HomePod is a typical Apple move. The company is once again banking on its reputation as a creator of intuitive, luxury products that justify a hefty price tag. ... [Read full article on BBC ]
Monday 5th of June 2017 07:55:55 PM
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.... The regulator has been looking for a solution to Banco Popular's problems for a while and time has essentially run out. "But this is a test case for the Single Resolution Board, which was created in response to the euro area crisis to try to make the banking system safer. ... [Read full article on BBC ]
Wednesday 7th of June 2017 06:32:55 AM
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.... Days after taking up his EU post in November 2014, he was hit by revelations that Luxembourg – the country he ran for nearly 20 years – had been allowing tax avoidance schemes on a massive scale. Juncker served as Luxembourg’s prime minister and finance minister from 1995 until 2013, a period when the country helped water down EU efforts to tackle banking secrecy, according to documents from the time. ... [Read full article on Guardian ]
Tuesday 30th of May 2017 06:24:16 PM
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. Why should I use a banking app instead of logging into my bank accounts with the relevant passwords via Windows 10 and Edge? Which one would be more secure? Irene. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 09:55:03 AM
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....James Proudman, a senior regulator in Threadneedle Street, said the estimate from high street banks included retail and corporate customers. The change has been caused by the Vickers rules, which force banks to ringfence their high street operations from other banking activities. ... [Read full article on Guardian ]
Friday 16th of June 2017 06:15:07 PM
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....Staff who manage to convince a friend to make the move to Birmingham will be rewarded with a cash bonus of between £750 and £2,500 depending on the seniority of the new Midlands recruit. Britain’s biggest bank has only convinced just over half of its target of 1,040 people to make the move more than two years after announcing it would switch its UK banking operations from Canary Wharf to Birmingham. ... [Read full article on Guardian ]
Sunday 4th of June 2017 03:56:29 PM
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....Lloyds has insisted it will make payments to victims by the end of June. The fraud took place in the run-up to Lloyds’ rescue of HBOS during the 2008 banking crisis. ... [Read full article on Guardian ]
Monday 5th of June 2017 05:01:44 AM
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.... It still holds 6% of Barclays. The country has also been making inroads into other areas of UK banking. ... [Read full article on BBC ]
Friday 9th of June 2017 04:51:11 AM
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....On top of the longevity factor, our working lives will also be shaped by rapid technological changes. Such developments as hi-tech robots and online banking are already forcing people to adapt how they work and in some cases to retrain altogether. ... [Read full article on Guardian ]
Sunday 4th of June 2017 01:06:00 PM
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.... The customer was never really king in this economic model, but a perennial loser for increasingly evident reasons. BA epitomises shareholder capitalism, which corporate Britain has embraced so ardently in the water, energy, transport, banking and many other sectors. ... [Read full article on Guardian ]
Tuesday 30th of May 2017 01:01:22 PM
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.... . Many of the worst-off do not have internet access, blocking them off from some of the cheapest deals on energy, banking and insurance. ... [Read full article on BBC ]
Thursday 1st of June 2017 02:31:40 AM
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....Bank of England economists writing in a blogpost entitled “Car finance – is the industry speeding?” argue that “the industry’s growing reliance on PCP has made it more vulnerable to macroeconomic downturns”. There is also the concern that the banking industry, which provides much of the underlying finance, is offering the same platitudes as it did before the 2008 crash. ... [Read full article on Guardian ]
Saturday 10th of June 2017 03:00:29 PM
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. A Republican push to overhaul US banking rules put in place after the 2008 financial crisis may be gaining momentum. ... [Read full article on BBC ]
Thursday 8th of June 2017 02:18:10 PM
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....Many economists feel Italy is the weak link in the eurozone and highlight risks that an election expected in early 2018 could usher in anti-establishment politicians like Beppe Grillo’s Five Star movement. Adding to worries about Italy’s potential to destabilise the eurozone, its debt levels remain high; it suffers from a marked north-south divide and its banking system is weighed down by bad debts. ... [Read full article on Guardian ]
Saturday 27th of May 2017 03:00:30 PM
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....A NatWest advertising campaign gives a clue to where ATMs are heading. A man withdraws money via his mobile banking app, which sends him a secure code usable for up to three hours at any RBS ATM. ... [Read full article on Guardian ]
Saturday 10th of June 2017 05:59:18 AM
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. The number of properties bought by landlords has almost halved in a year after a tax and regulatory clampdown, prompting a leading banking body to downgrade its forecasts for buy-to-let lending in 2017 and 2018. ... [Read full article on Guardian ]
Thursday 22nd of June 2017 05:45:48 PM
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. The shadow of the 2008 financial crisis loomed over the banking sector again on Wednesday when a Spanish lender was rescued from collapse by Santander and Royal Bank of Scotland racked up a £1bn bill to end a legal battle sparked by the bailouts by UK taxpayers nearly a decade ago. ... [Read full article on Guardian ]
Wednesday 7th of June 2017 06:00:26 PM
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.... The Treasury committee is the most important of them all, and Tyrie – as well as getting under the skin of errant bankers, financial regulators and Bank of England officials – was on top of the detail. He did as much as anyone to drive through the post-crisis reforms to the banking sector. ... [Read full article on Guardian ]
Wednesday 14th of June 2017 06:37:02 PM
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....They had failed to understand that inflation would soon rocket, demanding a rise in rates to calm the situation. Also, the use of regulation to keep the banking sector in check denied the central bank a significant reason for raising rates. ... [Read full article on Guardian ]
Sunday 25th of June 2017 06:00:22 AM
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.... Any questioning of an economic system in which the poor pay for the rich and the rest of the country subsidises London was futile. The fundamental problem here is not the cocksure forecasting, it’s about the failure of understanding – in particular, to understand how much Britain has changed since the banking crash. ... [Read full article on Guardian ]
Tuesday 13th of June 2017 06:00:49 AM
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....35%. Analysts said that struggling Spanish bank Banco Popular's rescue by Santander had given the overall banking sector a boost. ... [Read full article on BBC ]
Wednesday 7th of June 2017 08:34:08 AM
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Wednesday 14th of June 2017 08:35:03 AM
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.... While shops have absorbed some of the extra cost, many have passed on some in the form of higher prices. Keith Richardson, managing director retail sector at Lloyds bank’s commercial banking arm, said hopes for a post-election bounce appear to have been dashed, with further political uncertainty potentially damaging consumer confidence. ... [Read full article on Guardian ]
Thursday 15th of June 2017 10:13:53 AM
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.... But they believe the consequences – slower income growth and higher unemployment – would have been unacceptable. This argument has now been extended beyond the banking system, to the capital markets themselves. ... [Read full article on Guardian ]
Wednesday 21st of June 2017 08:32:56 AM
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....The website tracks the amount of time left for compensation offers to be made to himself and other victims of the fraud based on the bank’s timeline. Lloyds has insisted it will make payments by the end of June from a £100m pot it has set aside to compensate 64 victims and has appointed Professor Russel Griggs, a banking expert, to review their cases. ... [Read full article on Guardian ]
Wednesday 31st of May 2017 01:30:24 PM
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.... . Senator Sherrod Brown, the Democrat who heads the banking committee in the Senate, has said he is open to loosening rules for smaller community banks. ... [Read full article on BBC ]
Friday 9th of June 2017 08:42:41 PM
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....With the election of a reform-minded centrist president in France and the re-election of the German chancellor, Angela Merkel, seeming ever more probable, is there hope for the stalled single-currency project in Europe? Perhaps, but another decade of slow growth, punctuated by periodic debt-related convulsions, still looks more likely. With a determined move toward fiscal and banking union, things could be much better. ... [Read full article on Guardian ]
Friday 16th of June 2017 05:00:00 AM
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....When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. The public anger sparked by the financial crisis forced greater disclosure from banks about the way they paid their top staff, particularly banks like Barclays that have large investment banking operations. ... [Read full article on Guardian ]
Tuesday 20th of June 2017 06:01:43 PM
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....Jerome Powell, the Federal Reserve governor in charge of financial regulation, said he supported adjusting regulations “in common sense ways that will simplify rules and reduce unnecessary regulatory burden”. Acting comptroller of the currency Keith Noreika, meanwhile, told senators that smaller banks could be solely overseen by his agency; that new banks should not require approval from the Federal Deposit Insurance Corporation (FDIC); and that supervision of lenders should be removed from the Consumer Financial Protection Bureau and placed under banking regulatory bodies. ... [Read full article on Guardian ]
Sunday 25th of June 2017 11:00:28 AM
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....”. But the “biggest threat” in Soros’s view is “the danger of a banking and migration crisis in Italy”. ... [Read full article on Guardian ]
Thursday 1st of June 2017 11:24:59 AM
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Latest Finance News related to Banking

Italy to wind up two failing banks at potential cost of €17bn image
Source : Guardian [Read Article] Sunday 25th of June 2017 05:14:25 PM
.... Shares in the two companies have slumped in value, hurting small shareholders across the region. Italy’s government has been sparring with the ECB for months, over how to clean up its banking system. ...
RBS to cut hundreds of UK jobs in move to India image
Source : Guardian [Read Article] Sunday 25th of June 2017 03:48:43 PM
....”. The latest wave of job cuts by RBS in the UK comes after at least 400 roles were moved to India last year, including 300 or so investment banking jobs. ...
Trump could use alternate routes to roll back bank reforms image
Source : Guardian [Read Article] Sunday 25th of June 2017 11:00:28 AM
....Jerome Powell, the Federal Reserve governor in charge of financial regulation, said he supported adjusting regulations “in common sense ways that will simplify rules and reduce unnecessary regulatory burden”. Acting comptroller of the currency Keith Noreika, meanwhile, told senators that smaller banks could be solely overseen by his agency; that new banks should not require approval from the Federal Deposit Insurance Corporation (FDIC); and that supervision of lenders should be removed from the Consumer Financial Protection Bureau and placed under banking regulatory bodies. ...
Booming stock markets distract from threat of excessive lending image
Source : Guardian [Read Article] Sunday 25th of June 2017 10:30:27 AM
....Mark Carney, the Bank of England governor and boss of the FSB, wrote to Berlin in March demanding greater efforts to tackle the riskier parts of the financial system. Carney, who will attend the Hamburg summit, said politicians needed to adopt tougher rules to bring shadow banking into the mainstream financial system and make derivatives markets safer. ...
Uber and the ‘brogrammers’ feel the consequences of changing the world image
....They had failed to understand that inflation would soon rocket, demanding a rise in rates to calm the situation. Also, the use of regulation to keep the banking sector in check denied the central bank a significant reason for raising rates. ...
Buy-to-let UK property sales fall by almost 50% in a year image
Source : Guardian [Read Article] Thursday 22nd of June 2017 05:45:48 PM
. The number of properties bought by landlords has almost halved in a year after a tax and regulatory clampdown, prompting a leading banking body to downgrade its forecasts for buy-to-let lending in 2017 and 2018. ...
Is it safer to use an app or a browser for banking? image
Source : Guardian [Read Article] Thursday 22nd of June 2017 09:55:03 AM
. Why should I use a banking app instead of logging into my bank accounts with the relevant passwords via Windows 10 and Edge? Which one would be more secure? Irene. ...
Tesco staff 'shocked' as call centre closure puts 1,100 jobs at risk image
Source : Guardian [Read Article] Wednesday 21st of June 2017 02:05:28 PM
....The cuts at Tesco are the latest in a string of cutbacks implemented as part of a turnaround plan led by Dave Lewis, the group chief executive, who joined in autumn 2014. In his first year in charge, Lewis 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. ...
Why is productivity so low since the crisis – particularly in the UK? | Howard Davies image
.... But they believe the consequences – slower income growth and higher unemployment – would have been unacceptable. This argument has now been extended beyond the banking system, to the capital markets themselves. ...
SFO has clear public interest in pursuing Barclays case | Nils Pratley image
.... It is the notion that the Serious Fraud Office should have let whatever sleeping dogs there might be lie in the Barclays case. This argument holds that, whatever went on with the bank and Qatar in 2008, the UK Treasury avoided having to fund another expensive banking bailout, to sit alongside those at Royal Bank of Scotland and Lloyds TSB. ...
Paul Myners: Barclays realised taxpayer bailout would hit bonuses image
Source : Guardian [Read Article] Tuesday 20th of June 2017 06:01:43 PM
....When a bonus cap was introduced by the European Union in 2013, limiting bonuses to one times salary or double if shareholders approved, the government refused to give the approval that would have allowed RBS to pay out more. The public anger sparked by the financial crisis forced greater disclosure from banks about the way they paid their top staff, particularly banks like Barclays that have large investment banking operations. ...
Barclays: who are the four charged bankers? image
Source : Guardian [Read Article] Tuesday 20th of June 2017 02:17:46 PM
.... He was the first bank boss to apologise during the financial crisis, and was proud of steering Barclays through the crisis without need for a government bailout. Having graduated from Oxford with a first class degree in history, Varley started out as a solicitor before joining Barclays in 1982 to help set up its investment banking operation. ...
Co-op Bank has lost £2.6bn since the crisis – but can still bounce back | Nils Pratley image
....The oddity here is worth noting. Ethical banking, Co-op Bank-style, would be at risk of death, or uncertain resolution at the hands of the Bank of England, if the hedge funds that own the bonds were not willing to find the extra £750m of funding. ...
Co-op Bank in advanced talks to secure hundreds of millions for rescue image
....But under a proposal being discussed by the bank’s controlling hedge fund shareholders, this stake could drop towards zero unless the group decides to pump millions of pounds into the loss-making bank. In April, the group wrote down the value of its stake to zero, taking a further £140m hit on its shareholding that had stood at 100% before the problems at the banking arm were uncovered in 2013. ...
Almost 1m UK bank customers will be forced to use new sort codes image
Source : Guardian [Read Article] Friday 16th of June 2017 06:15:07 PM
....James Proudman, a senior regulator in Threadneedle Street, said the estimate from high street banks included retail and corporate customers. The change has been caused by the Vickers rules, which force banks to ringfence their high street operations from other banking activities. ...
The eurozone must reform or die | Kenneth Rogoff image
Source : Guardian [Read Article] Friday 16th of June 2017 05:00:00 AM
....With the election of a reform-minded centrist president in France and the re-election of the German chancellor, Angela Merkel, seeming ever more probable, is there hope for the stalled single-currency project in Europe? Perhaps, but another decade of slow growth, punctuated by periodic debt-related convulsions, still looks more likely. With a determined move toward fiscal and banking union, things could be much better. ...
UK retail sales dive sparks biggest FTSE 250 fall since last summer image
Source : Guardian [Read Article] Thursday 15th of June 2017 10:13:53 AM
.... While shops have absorbed some of the extra cost, many have passed on some in the form of higher prices. Keith Richardson, managing director retail sector at Lloyds bank’s commercial banking arm, said hopes for a post-election bounce appear to have been dashed, with further political uncertainty potentially damaging consumer confidence. ...
Thames Water needs to clean up its act after yet more fines | Nils Pratley image
.... The Treasury committee is the most important of them all, and Tyrie – as well as getting under the skin of errant bankers, financial regulators and Bank of England officials – was on top of the detail. He did as much as anyone to drive through the post-crisis reforms to the banking sector. ...
Ex-Barclays director who backed Vote Leave appointed City minister image
Source : Guardian [Read Article] Wednesday 14th of June 2017 04:45:30 PM
....Barclay, according to his website, qualified as a solicitor before working in financial regulation and then financial crime prevention. He was director of regulatory affairs and then head of anti-money laundering and sanctions in the high street banking operations of Barclays. ...
Our leaders have lost touch with reality – just like the banks did | Aditya Chakrabortty image
.... Any questioning of an economic system in which the poor pay for the rich and the rest of the country subsidises London was futile. The fundamental problem here is not the cocksure forecasting, it’s about the failure of understanding – in particular, to understand how much Britain has changed since the banking crash. ...
Are cheap car loans the vehicle taking us to the next financial crash? image
Source : Guardian [Read Article] Saturday 10th of June 2017 03:00:29 PM
....Bank of England economists writing in a blogpost entitled “Car finance – is the industry speeding?” argue that “the industry’s growing reliance on PCP has made it more vulnerable to macroeconomic downturns”. There is also the concern that the banking industry, which provides much of the underlying finance, is offering the same platitudes as it did before the 2008 crash. ...
As we wave goodbye to cash, ATMs have had to get a whole lot smarter image
Source : Guardian [Read Article] Saturday 10th of June 2017 05:59:18 AM
....A NatWest advertising campaign gives a clue to where ATMs are heading. A man withdraws money via his mobile banking app, which sends him a secure code usable for up to three hours at any RBS ATM. ...
Democrats say Dodd-Frank repeal is 'wrong choice' image
Source : BBC [Read Article] Friday 9th of June 2017 08:42:41 PM
.... . Senator Sherrod Brown, the Democrat who heads the banking committee in the Senate, has said he is open to loosening rules for smaller community banks. ...
Republicans take aim at Dodd-Frank financial rules image
Source : BBC [Read Article] Thursday 8th of June 2017 02:18:10 PM
. A Republican push to overhaul US banking rules put in place after the 2008 financial crisis may be gaining momentum. ...
Santander and RBS haunted by ghost of financial crisis image
Source : Guardian [Read Article] Wednesday 7th of June 2017 06:00:26 PM
. The shadow of the 2008 financial crisis loomed over the banking sector again on Wednesday when a Spanish lender was rescued from collapse by Santander and Royal Bank of Scotland racked up a £1bn bill to end a legal battle sparked by the bailouts by UK taxpayers nearly a decade ago. ...
Relieved RBS bosses should spare a thought for the claimaints image
Source : Guardian [Read Article] Wednesday 7th of June 2017 02:27:31 PM
....“We have been very clear that putting our legacy issues behind us is a priority,” said RBS as it described the settlement as a positive outcome. It may feel like a legacy issue for McEwan – but it’s a hideous phrase to use when folk less wealthy than him are still living with the financial consequences of the UK’s biggest banking catastrophe. ...
Jeremy Corbyn's Land Value Tax: Labour's garden tax will see house prices CRASH image
....The levy would replace council tax and business rates and will result in the "collateral benefit" of knocking house prices, the group gleefully told Labour members. Falling values may even lead to another banking crisis, the group incredibly hinted. ...
FTSE 100 dips ahead of election image
Source : BBC [Read Article] Wednesday 7th of June 2017 08:34:08 AM
....35%. Analysts said that struggling Spanish bank Banco Popular's rescue by Santander had given the overall banking sector a boost. ...
Santander rescues rival Banco Popular from collapse image
Source : BBC [Read Article] Wednesday 7th of June 2017 06:32:55 AM
.... The regulator has been looking for a solution to Banco Popular's problems for a while and time has essentially run out. "But this is a test case for the Single Resolution Board, which was created in response to the euro area crisis to try to make the banking system safer. ...
The Guardian view on the economy: invest for growth | Editorial image
Source : Guardian [Read Article] Tuesday 6th of June 2017 07:08:11 PM
....On the day that former Royal Bank of Scotland boss Fred Goodwin escaped explaining in court how he crashed the business and lost billions of pounds during the 2008 financial crash, it is timely to consider Britain’s post-election economic fortunes. It is a future still defined by the banking crash that Fred “the Shred” Goodwin was so much a part of, and by the aftershocks that still weigh the government down with debt. ...
Apple HomePod challenges Amazon image
Source : BBC [Read Article] Monday 5th of June 2017 07:55:55 PM
....At more than double the cost of Amazon's Echo, the HomePod is a typical Apple move. The company is once again banking on its reputation as a creator of intuitive, luxury products that justify a hefty price tag. ...
Noel Edmonds' lawyers label Lloyds bank fraud payout scheme a 'sham' image
....Lloyds has insisted it will make payments to victims by the end of June. The fraud took place in the run-up to Lloyds’ rescue of HBOS during the 2008 banking crisis. ...
HSBC cash sweetener aims to entice staff to new Birmingham HQ image
Source : Guardian [Read Article] Sunday 4th of June 2017 03:56:29 PM
....Staff who manage to convince a friend to make the move to Birmingham will be rewarded with a cash bonus of between £750 and £2,500 depending on the seniority of the new Midlands recruit. Britain’s biggest bank has only convinced just over half of its target of 1,040 people to make the move more than two years after announcing it would switch its UK banking operations from Canary Wharf to Birmingham. ...
Job opportunities should not wither as we age | Katie Allen image
Source : Guardian [Read Article] Sunday 4th of June 2017 01:06:00 PM
....On top of the longevity factor, our working lives will also be shaped by rapid technological changes. Such developments as hi-tech robots and online banking are already forcing people to adapt how they work and in some cases to retrain altogether. ...
George Soros attacks Hungarian prime minister for building a 'mafia state' image
....”. But the “biggest threat” in Soros’s view is “the danger of a banking and migration crisis in Italy”. ...
Noel Edmonds starts countdown clock for Lloyds compensation image
Source : Guardian [Read Article] Wednesday 31st of May 2017 01:30:24 PM
....The website tracks the amount of time left for compensation offers to be made to himself and other victims of the fraud based on the bank’s timeline. Lloyds has insisted it will make payments by the end of June from a £100m pot it has set aside to compensate 64 victims and has appointed Professor Russel Griggs, a banking expert, to review their cases. ...
Car insurance costs to rocket as tax hike comes into force tomorrow image
Source : Daily Express [Read Article] Wednesday 31st of May 2017 08:46:00 AM
....". Your insurer is banking on you being too lazy to shop around and seek alternative quotes in time. ...
Labour plans inheritance tax raid: Jeremy Corbyn sets his sights on YOUR inheritance image
.... At the same time, those age 65 and over are sitting on record levels of property wealth. However, anyone banking on an inheritance to get on in life could see their hopes dashed if Jeremy Corbyn's Labour Party wins next week's election, as it is planning an inheritance tax (IHT) raid. ...
EU targets lawyers and accountants in tax-avoidance clampdown image
Source : Guardian [Read Article] Tuesday 30th of May 2017 06:24:16 PM
.... Days after taking up his EU post in November 2014, he was hit by revelations that Luxembourg – the country he ran for nearly 20 years – had been allowing tax avoidance schemes on a massive scale. Juncker served as Luxembourg’s prime minister and finance minister from 1995 until 2013, a period when the country helped water down EU efforts to tackle banking secrecy, according to documents from the time. ...
BA’s failures fly in the face of ‘customer as king’. This is the new normal | Peter Fleming image
.... The customer was never really king in this economic model, but a perennial loser for increasingly evident reasons. BA epitomises shareholder capitalism, which corporate Britain has embraced so ardently in the water, energy, transport, banking and many other sectors. ...
NatWest CLEARSPEND APP gives growing firms instant spending and budget insights image
.... . Alison Rose, chief executive of NatWest's commercial and private banking division, drove the innovation in partnership with Silicon Valley start-up SpendLabs. ...
Brighter skies over eurozone as growth and employment pick up image
Source : Guardian [Read Article] Saturday 27th of May 2017 03:00:30 PM
....Many economists feel Italy is the weak link in the eurozone and highlight risks that an election expected in early 2018 could usher in anti-establishment politicians like Beppe Grillo’s Five Star movement. Adding to worries about Italy’s potential to destabilise the eurozone, its debt levels remain high; it suffers from a marked north-south divide and its banking system is weighed down by bad debts. ...
China risks another downgrade if debt bubble not fixed, says Moody's image
....China may no longer get an A1 rating if there were signs that debt was growing at a pace that exceeded Moody’s expectations, Li Xiujun, vice president of credit strategy and standards at the ratings agency, said in a webcast with his colleague Marie Diron. “If in the future China’s structural reforms can prevent its leverage from rising more effectively without increasing risks in the banking and shadow banking sector, then it will have a positive impact on China’s rating,” Li said. ...
No bailout funds for Greece as eurozone finance chiefs fail to agree deal image
....A meeting of the eurozone’s 19 finance ministers broke up late on Monday night, amid a row with the International Monetary Fund about Greece’s debt burden. The standoff came just hours after France and Germany pledged to deepen co-operation in the single currency and seize Brexit opportunities for their banking industries. ...
RBS could rob us of the chance to see Fred Goodwin grilled in court | Nils Pratley image
.... In all likelihood, the case would be dominated by dense technical points related directly to the content of the rights issue document. But the exercise might still provide valuable insight into the biggest failure in British banking history. ...
Fair shares? image
Source : BBC [Read Article] Sunday 21st of May 2017 12:04:00 AM
.... . She holds a degree in Business Economics, started her career in banking and has already served on three different boards. ...
Five minute guide to investing in the UK's big banks image
Source : Daily Express [Read Article] Sunday 21st of May 2017 12:01:00 AM
....The Government bought a 43 per cent position in the bank in 2008 for £20. 5billion to prevent a banking meltdown, and is now set to offload its remaining stake. ...
Where does an A-lister land when they waft in from paradise? Yes, Luton image
....Back at Luton, the commoners’ entrance is being dug up, buses negotiating traffic cones on an approach that is newly dominated by a hulking car park and bridge to the expanding terminal building. A new dual carriageway and a light rail line from the station to the airport is testament to Luton’s banking on its more traditional business, with low-cost carriers continuing to pull in passengers. ...
Police probe UK links to Magnitsky money image
Source : BBC [Read Article] Friday 19th of May 2017 11:34:21 PM
....Police are investigating how £6. 6m from a Russian organised crime group has been allegedly traced to a banking firm in the UK, the BBC has learned. ...
Mine craft: why BHP's strategic overhaul could help repel a hedge fund predator image
....While people in the UK are used to seeing companies and utilities bought and sold to the highest bidder – Cadbury, ICI, British Steel and Jaguar Land Rover have all disappeared or gone into foreign hands – Australians appear more attached to their big names, especially ones worth billions and which have paid handsome dividends to shareholders and pension funds down the years. Richard Knights of the London-based investment banking and share brokerage firm Liberum Capital says Elliott had misjudged the likely political fallout from its proposal that BHP drop its stock market listing in Australia. ...
Brexit clouds gather over Chelsea flower show as sponsorship wilts image
Source : Guardian [Read Article] Friday 19th of May 2017 05:57:59 PM
.... Perennial attendees include the former Marks & Spencer chief executive Sir Stuart Rose, as well as Lord Myners, WPP boss Sir Martin Sorrell, the governor of the Bank of England, Mark Carney, former Newsnight host Jeremy Paxman, Stephen Fry, Ringo Starr and Dame Judi Dench. One banking insider said: “It is like something from Victorian times with people parading up and down and trying to speak to important people. ...
HSBC voice recognition system breached by customer's twin image
Source : Guardian [Read Article] Friday 19th of May 2017 02:31:12 PM
....HSBC’s voice recognition ID system used by half a million customers for secure access to their bank accounts has been breached by a customer’s twin mimicking his voice. When it was launched last year HSBC’s head of retail banking claimed the new system was secure, insisting that “just like your fingerprint, your voice print is unique”. ...
Noel Edmonds accuses Lloyds of 'foot dragging' over HBOS payouts image
Source : Guardian [Read Article] Monday 15th of May 2017 03:06:15 PM
....Lloyds has insisted it will make payments by the end of June from a £100m pot it has set aside to compensate 64 victims and has appointed Professor Russel Griggs to review their cases. The fraud took place in the run-up to Lloyds’ rescue of HBOS during the 2008 banking crisis but Lloyds has hired a retired high court judge to scrutinise whether it investigated the problems in Reading and reported them to the authorities. ...
South Africa's Vodacom buys into Kenya's Safaricom image
Source : BBC [Read Article] Monday 15th of May 2017 12:08:46 PM
.... It was scrapped in South Africa last year, because of poor uptake figures. But that was because M-Pesa does better in markets that are less developed in terms of formal banking. ...
Number of second charge mortgages leaps to nine-year high image
Source : Guardian [Read Article] Friday 12th of May 2017 03:10:13 PM
....”. However, the spectacular growth in the sale of second mortgages ahead of the 2008 banking crash was widely seen as a sign of consumers taking on risky levels of debt that left them vulnerable to a downturn in the economy. ...
US and China sign trade agreement image
Source : BBC [Read Article] Friday 12th of May 2017 07:40:22 AM
....Mr Ross told CNBC that the US had agreed to treat Chinese financial institutions in the same way as other foreign banks that wanted to open up activities in the US. "Clearly China, whose banks are among the largest in the whole world, wants access to the US banking market," he said. ...
My walk, my signature image
Source : BBC [Read Article] Thursday 11th of May 2017 11:16:00 PM
....Eyal Goldwerger, chief executive of BioCatch, another behavioural biometrics company, says: "Authentication is all well and good but if fraudsters are already inside your system it's no use. Most instances of banking fraud occur after user authentication has taken place. ...
Barclays chief apologises to shareholders over whistleblowing incident image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:26:33 PM
.... The rules changed three months later to cover external whistleblowing, too. At an annual meeting that also heard concerns about climate change and the automation of banking sevices, McFarlane admitted that executive pay was too high. ...
Barclays CEO sees no reason for Brexit jobs shift to Europe image
Source : Guardian [Read Article] Wednesday 10th of May 2017 12:12:29 PM
....Jes Staley said Brexit would be “a wholly manageable challenge” and “significantly less costly” than other problems the bank had encountered. Preparing for Brexit, Staley said, was not as complex as setting up a US holding company, as required by the US authorities last year, or preparing to ring-fence Barclays’ high street bank from its risky investment banking arm by 2019. ...
Whitbread's Alison Brittain named Veuve Clicquot businesswoman of year image
Source : Guardian [Read Article] Wednesday 10th of May 2017 06:33:35 AM
....Brought up in Derbyshire, Brittain has a degree in business studies from Stirling University and an MBA from Cambridge University’s Judge institute. She started her career as a graduate trainee at Barclays and over the next two decades worked her way up to become head of retail banking at Lloyds, where she was labelled the most powerful woman in British banking. ...
Alison Brittain named Veuve Clicquot Business Woman of 2017 image
Source : BBC [Read Article] Tuesday 9th of May 2017 08:22:18 PM
....". Ms Brittain joined Barclays Bank as a graduate trainee and later became head of retail banking at Lloyds Banking Group. ...
Australia budget 2017: Treasurer unveils big banks tax image
Source : BBC [Read Article] Tuesday 9th of May 2017 12:13:11 PM
...."It is a tax that will hit Australians by hurting investment and could have unintended consequences. it will affect the entire banking system," said Anna Bligh, the former Queensland premier. ...
How can I run up a debt for a Barclays account I closed 15 years ago? image
....“It is important for customers to ensure the bank has the correct correspondence address, and to ensure any overdraft balance is brought to zero,” says Barclays. “With mobile banking apps and online banking, it’s very easy to monitor accounts. ...
Banks accused of putting lives at risk as charity accounts are shut without notice image
....”. Upendo UK is one of several charities who have contacted The Observer to report that their banking facilities had suddenly been withdrawn. ...
Barclays Bank launches new £10m advertising campaign to fight fraud image
Source : Daily Express [Read Article] Monday 8th of May 2017 07:51:00 AM
.... . The bank said customers using its mobile banking app would now be able to instantly turn off and on the functions that allow their card to be used to make remote purchases - which includes the ability to use the card to make online, in-app, mail order and telephone purchases. ...
Debit card control lets you 'turn off' card to beat scams image
Source : BBC [Read Article] Sunday 7th of May 2017 11:19:09 PM
....Such a move would reduce any losses from thefts at cash machines. Fraud losses across all payment cards, remote banking and cheques in the UK totalled £769m in 2016, according to Financial Fraud Action, the industry's anti-fraud body - an increase of 2% on the previous year. ...
Euro slips after Macron wins French presidency image
Source : BBC [Read Article] Sunday 7th of May 2017 09:50:10 PM
....For the eurozone he's keen on more integration - a finance minister, a budget and government borrowing at the eurozone level. He is also keen on the eurozone's "banking union", a project to integrate the financial system that is underway but is not complete. ...
'Brexit boom' creates record number of UK billionaires image
Source : Guardian [Read Article] Sunday 7th of May 2017 12:20:36 PM
.... Sri, 81, and Gopi, 77, first topped the rich list in 2014 and have made their fortune from a business empire started by their father in Mumbai in 1914. Today, the Hinduja Group employs more than 70,000 people and has global investments in a range of sectors including oil and gas, property, media and banking. ...

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