Natwest upgrades AI chatbot to provide ‘human interaction’ amid branch closures November 6, 2023 Whereas Natwest's original Cora was a basic question-and-answer bot, the updated version will use “generative” AI, similar to ChatGPT.
CAB Payments shareholders feel misled over risks after flop float November 6, 2023 RC Brown and Polar Capital, two investment funds, are understood to be among those alleging that the risks in CAB’s West African markets were not fully disclosed.
Monzo dives into insurance with London insurtech star at the helm November 6, 2023 Founder of digital insurance brand Brolly, Phoebe Chibuzo Hugh, has announced that she has joined digital challenger bank Monzo to lead its expansion into the insurance sector.
Mortgage growth set to reach decade low as high rates drive down demand November 6, 2023 The EY Item Club predicted that net mortgage loans would grow 1.5 per cent in 2023 and two per cent in 2024, representing the lowest two-year growth in a decade.
Natwest share price slump casts doubt on privatisation plans November 5, 2023 Shares currently sit at £1.87, down from around £5 when the government acquired an 84 per cent stake in the bank during the financial crisis.
Lenders jostle for a slice of the ‘innovation economy’ after SVB’s collapse November 5, 2023 A number of banks are stepping up their operations to take a chunk of the UK's fast-growing 'innovation economy', prompted by the implosion of Silicon Valley Bank (SVB) earlier this year.
Treasury Committee chief: I had my JP Morgan bonus cut for taking maternity leave November 5, 2023 Harriett Baldwin, who chairs the Treasury Committee, told the Observer that she experienced a “glass ceiling” while working at the investment bank.
Bank’s Huw Pill: inflation won’t necessarily fall fast as demand slows November 3, 2023 Meanwhile, Jeremy Hunt said on Friday that the government would carry on working with the Bank over the central bank's sales of its massive bond-buying purchases.
Apple shares slide after forecasting iPads are no longer a Christmas must have November 3, 2023 Apple’s latest earnings report revealed a sales forecast for the upcoming Christmas quarter that fell short of Wall Street’s expectations, primarily due to sluggish demand for iPads and wearables, causing its shares to drop over 3% in after-hours trading. While the tech giant managed to exceed analysts’ expectations for its fourth-quarter earnings in terms of [...]
FCA spends more than £250,000 on ‘debanking’ inquiry amid Natwest scandal November 2, 2023 The FCA has spent £250,000 on its “debanking” inquiry, as Natwest faces criticism over the closure of Nigel Farage’s Coutts account.