‘A real tower of strength’: City grandee Paul Myners dies aged 73 January 16, 2022 City grandee Paul Myners, known as a steady ship in the capital’s financial affairs, has died at the age of 73. The former Labour minister was brought into Gordon Brown’s government to help tackle the financial crisis of 2008, after making a name for himself in the fund managing space. Former prime minister Brown called [...]
JP Morgan looking to poach Big Four accountants after relaunching recruitment scheme January 14, 2022 JP Morgan has relaunched a scheme to poach newly qualified accountants from Big Four firms, in a sign that demand for junior bankers will remain high throughout 2022. The investment bank last week reoponed its recruitment scheme through which newly qualified accountants working in Big Four accountancy firm can become analysts within JP Morgan’s investment [...]
JP Morgan hits record annual profits despite fourth quarter slowdown January 14, 2022 JP Morgan has reported record annual profits today despite a slowdown in its trading business and rising costs biting into into fourth quarter profit margins. Profits for the full year hit a record $48.3bn, but the final quarter of the year saw a dip to $10.4bn, a 14 per cent fall on the previous year. [...]
Switzerland steps up CBDC efforts as UK sounds alarm January 13, 2022 As countries worldwide step up CBDC efforts legislators are divided over the risks posed by the new digital currencies.
Starling Bank tops customer experience ranking as demand for digital banking booms January 13, 2022 Starling Bank has topped a list of the UK’s best customer experience companies.
‘The time is now right’: NatWest creates new digital team in blockchain push January 13, 2022 Natwest has launched a new digital team within its capital markets business to expand the bank's use of blockchain technology.
Westminster unconvinced by Britcoin, reveals report January 13, 2022 Peers remain unconvinced of the benefits of Britcoin, an electronic version of the pound backed by the central bank, according to a report.
Morgan Stanley to boost bonuses for top performers as M&A boom continues January 12, 2022 Morgan Stanley will boost the bonuses of its top-performers by 20% with M&A bankers in line for bumper payouts, according to news reports.
UK households face biggest decline in available cash for eight years January 12, 2022 UK households are feeling the pinch as energy bills soar, the cost of living rises and Covid-19 restrictions continue to impact business.
Millions of banking app users exposed to security flaw: HSBC, NatWest, Monzo, Santander, Starling and Virgin Money customers all affected January 12, 2022 Millions of Brits who use online banking services are exposed to some worrying fraud risks, industry experts warned today. Following an investigation by security experts 6point6, testing the online and mobile app security of 15 major current account providers on a range of criteria, including encryption and protection, login, and account management and navigation, consumer [...]