Dormant assets scheme could be expanded following government report April 4, 2019 A scheme to reallocate dormant assets to charitable causes could be extended to the investment and wealth management sector following the publication of a government report. An independent report commissioned by the government found that extending the scheme to other financial services, also including the insurance and pensions sector, could "significantly expand the money available to good [...]
Germany could get up to 5,000 new finance jobs in the next 18 months because of Brexit April 3, 2019 Up to 5,000 new jobs at overseas banks in Germany could be created in the next year to 18 month because of Brexit, the country’s foreign banking association said today. The lobby group for non-German banks in Germany told an event in Frankfurt that almost 50 financial institutions had decided to ramp up their activities [...]
What is powering ISA millionaire portfolios? April 3, 2019 | City Talk By Jemma Jackson from interactive investor. For our ISA millionaires, investment trusts and a little luck are key to a seven-figure portfolio. Whilst there is always a huge focus on the most popular ISA season funds, data from interactive investor suggests that when it comes to the largest portfolios, it is investment trusts that are [...]
UK bank shares: A pre-Brexit view March 12, 2019 | City Talk Some UK bank shares have made massive profits for shareholders, but how should you play the sector now? It’s been a few weeks since the last of the big UK-listed banks published results for 2018, and share price performance since has been varied. Brexit, of course, has played its part and, with some lenders up [...]
Why Lloyds Banking Group pleased its City fan club February 22, 2019 | City Talk Our head of markets explains why the City reacted positively to these results despite a profits miss. Despite missing expectations at a pre-tax profit level, Lloyds Banking Group (LSE:LLOY) is not only in rude health but also has a clear vision on where next to take the business. The bank describes its own model as [...]
Schroders and Lloyds Banking Group to launch financial planning joint venture in June February 20, 2019 A multi-million pound joint venture between investment management firm Schroders and Lloyds Banking Group will launch in June this year, the companies confirmed today. Schroders Personal Wealth will initially be available to Lloyds private banking and Bank of Scotland private banking customers before opening to the wider market in the fourth quarter of 2019, subject [...]
Lloyds Banking Group boosts profits 24 per cent and reveals £1.75bn share buyback scheme February 20, 2019 Lloyds Banking Group’s profits surged 24 per cent in 2018, it revealed today, as it announced a £1.75bn share buyback scheme. The bank said it was "confident in the future" of the UK economy, citing record employment, surging wages and low interest rates. Read more: HSBC boss John Flint needs short term rigour as well [...]
Lloyds unveils plan to pay retailers offering cashback February 19, 2019 Lloyds Banking Group and Visa are piloting a scheme to pay retailers that offer cashback to customers, amid fears for rural town shops that have been hit by the disappearance of ATMs in recent months. In a bid to increase the number of outlets where people can withdraw their money, Lloyds and Visa have said today [...]
Lloyds online banking down: Customers unable to access accounts as Lloyds suffers outage February 11, 2019 Lloyds' online banking system crashed this morning, leaving some customers unable to access the service. The failure followed scheduled maintenance to the bank’s online banking, mobile app and tablet app services over the weekend. Customers were able to access online banking from around 5pm this evening. Read more: Noel Edmonds’ lawyer to take on Lloyds over Bristol [...]
International Investing – the whys and wherefores February 11, 2019 | City Talk In 1926, engineer, inventor and philosopher Nicolas Tesla, said “”When wireless is perfectly applied the whole earth will be converted into a huge brain. We shall be able to communicate with one another instantly, irrespective of distance… and the instruments through which we shall be able to do his will be amazingly simple compared with [...]