Banking

June 2019 Articles

CYBG to rebrand as Virgin Money in bid to 'disrupt status quo'
CYBG to rebrand as Virgin Money in bid to 'disrupt status quo'
Clydesdale and Yorkshire bank owner CYBG will be renamed Virgin Money in a major rebranding to “disrupt the status quo” [...]
June 19, 2019
Children as young as 11 targeted by fraudsters to launder money
Children as young as 11 targeted by fraudsters to launder money
Identity fraud reached record highs last year and criminals targeted children as young as 11 to launder money. Criminals targeted [...]
June 18, 2019
Data breach could be 'fatal' for Open Banking
Data breach could be 'fatal' for Open Banking
A single data breach at an Open Banking startup could “fatally” damage the developing sector, Nicky Morgan, the chair of [...]
June 18, 2019
Sainsbury's Bank outage locks customers out of accounts
Sainsbury's Bank outage locks customers out of accounts
A Sainsbury’s Bank outage spurred customers to take to Twitter today to complain they could not access their accounts online. [...]
June 18, 2019
Facebook launches cryptocurrency with backing of Uber, Visa and Spotify
Facebook launches cryptocurrency with backing of Uber, Visa and Spotify
Facebook has today published the white paper for its widely anticipated cryptocurrency initiative, with the founding support of several major [...]
June 18, 2019
Trumping Trump: Can radical Democrats win in 2020?
Trumping Trump: Can radical Democrats win in 2020?
Who will take on Donald Trump in next year’s battle for the White House? At the time of writing, an absurdly [...]
June 17, 2019
Deutsche Bank to create €50bn bad bank in radical overhaul
Deutsche Bank to create €50bn bad bank in radical overhaul
Deutsche Bank has developed plans to create a ‘bad bank’ to hold up to €50bn (£44.6bn) of assets as part [...]
June 17, 2019
RBS shares jump after Saudi bank merger boosts capital
RBS shares jump after Saudi bank merger boosts capital
Royal Bank of Scotland shares have jumped this morning after the bank said a merger between two Saudi banks would [...]
June 17, 2019
Why the Square Mile must break silence on China
Why the Square Mile must break silence on China
If timing is everything, London’s stock exchange tie-up with China has been a disaster from the start. It is now [...]
June 17, 2019
Total paid out for mis-sold PPI more than £35bn as deadline for claims approaches
Total paid out for mis-sold PPI more than £35bn as deadline for claims approaches
The Financial Conduct Authority (FCA) has today warned consumers the deadline for complaints about mis-sold payment protection insurance (PPI) is [...]
June 17, 2019
Credit Suisse prepares to sue HMRC over tax on bonuses
Credit Suisse prepares to sue HMRC over tax on bonuses
Lawyers representing Credit Suisse are preparing for a battle to reclaim more than £200m from the taxman over bankers’ bonuses. [...]
June 16, 2019
Five fintech firms win £25m from RBS competition fund
Five fintech firms win £25m from RBS competition fund
Five fintech firms have been awarded a combined £25m from an RBS competition fund designed to boost business banking competition. [...]
June 14, 2019
Is gender equality top of your agenda?
Is gender equality top of your agenda?
Professional women often attend networking events as a way to meet like-minded female professionals. These forums are a great platform [...]
June 14, 2019
More than five million people have fallen victim to financial scams
More than five million people have fallen victim to financial scams
More than five million people in the UK have fallen victim to a financial scam as fraudsters use more sophisticated [...]
June 14, 2019