Fraud the $3.7tn industry September 15, 2015 As modern fraudsters get bolder and more sophisticated, Joanne Frearson talks to IBM’s Paul Clandillon about how to take them on THE AMOUNT being lost by corporations on fraud now totals approximately $3.7trillion of global GDP. Fraudsters have become more sophisticated. They are no longer looking at small opportunistic crimes, but are working together to [...]
Faceless fears: no one hears you scream online – it is far too distant and anonymous September 15, 2015 Opening shots René Carayol THERE IS rarely a business bulletin nowadays that doesn’t mention a significant successful fraud. This is of course not the full picture, as most businesses and many consumers do not feel compelled to report their perceived lax controls. It’s now nearly always a sophisticated cyber-attack or the now more prosaic online [...]
Federal Reserve US interest rates hike: This is no Doomsday for emerging markets – The City View September 14, 2015 The prospect of a Federal Reserve rate hike looms large. On Thursday we will learn whether nearly 10 years of record low interest rates in the world’s largest economy are finally over. The date is a landmark because for much of this year consensus among economists has been for a September lift-off. The [...]
Applegreen fills the tank with jump in revenue September 14, 2015 IRISH petrol station retailer Applegreen said yesterday it has made a strong start to life as a public company after reporting a 35 per cent jump in gross profits in the first half. Applegreen made its Aim debut in June with a market value of around £220m, making it one of the biggest floats of [...]
National living wage for over-25s to have modest impact on costs September 14, 2015 Chancellor George Osborne’s new Living Wage, a higher minimum wage for over-25s, will be affordable to most industries but could severely impact others, a think tank said today. Around half of the employees set to benefit from the National Living Wage (NLW) are in industries where the resulting wage bill increase will by 0.6 [...]
UK public’s inflation expectations rebound from their record lows September 14, 2015 Expectations of inflation have bounced off record lows, according to survey data released by Barclays yesterday. The general public expect inflation to be 1.6 per cent over the next year, up from a record low of 1.3 per cent three months ago. Barclays has published its Basix inflation expectations figure since 1986. [...]
Easier financing and a strong economy buoy entrepreneur optimism September 14, 2015 ENTREPRENEURS were confident over summer thanks to better access to finance and greater political certainty, according to survey data released today. Lending to businesses reportedly picked up, with 64 per cent of entrepreneurs surveyed by law firm Bircham Dyson Bell raising additional funding while the sun shone. But banks were not the only source of [...]
State-backed NS&I cuts rates on ISA September 14, 2015 NS&I, the government-backed savings bank, is cutting interest rates on its direct ISA to put it in line with falling rates across the rest of the market. More than 400,000 savers holding the tax-free account will have the amount they earn each year cut from 1.5 per cent to 1.25 per cent, effective from 16 [...]
Goldman Sachs and JP Morgan pledge millions for refugees September 14, 2015 US investment banks Goldman Sachs and JP Morgan are leading a multi-million pound drive for donations for refugees in Europe. JP Morgan is raising up to $2m (£1.3m) from staff and its own foundation, which will be used to support Save the Children, Oxfam, International Rescue Committee and International Medical Corps. Meanwhile, Goldman Sachs Gives [...]
City Moves for 15 September 2015 | Who’s switching jobs September 14, 2015 Societe Generale Societe Generale Corporate and Investment Banking has announced two appointments in its global finance division. Alvaro Huete (pictured) becomes deputy head of global finance and head of global finance for the UK. He was previously global head of syndications and has also worked at Nomura, Banco Urquijo and Lloyds Bank. Terence Shanahan, previously [...]
