EMBARGOED: Scrap archaic corporation tax now to avoid another fiasco over payments, says IEA (relevant given Apple and Google?) September 1, 2016 NULL
Greek banking shares are on the up as lenders start to trickle back into the black September 1, 2016 Greek banks have had a good day on the stock exchange in Athens, with three major players all closing up. Eurobank Ergasias climbed an impressive 5.8 per cent to close at €0.57. Meanwhile, Piraeus Bank closed up 3.4 per cent at €0.15 and Alpha Bank closed up 3.5 per cent at €1.78. The upward swings follow on from strong sets of [...]
Paysafe share price soars as company buys affiliate marketing technology provider Income Access September 1, 2016 Paysafe's share price has jumped today after the payments solutions firm announced it was snapping up Income Access. Paysafe is buying the Montreal-based company, which provides affiliate marketing technology to businesses, for cash consideration of CA$40m (£23bn). Investors were clearly thrilled with the decision, as shares are currently up 2.2 per cent at 446.2p. "This transaction delivers on Paysafe's strategic [...]
Foreign exchange trading flops as London loses market share, according to the Bank for International Settlements September 1, 2016 Foreign exchange trading around the world has fallen over the course of three years, with London in particular losing market share. Global foreign exchange trading averaged $5.1 trillion (£3.8 trillion) a day in April, down from $5.4 trillion for the same month in 2013. It is the first time a fall has been recorded by the Bank for International Settlement's [...]
Man arrested in connection to banker Oliver Dearlove’s murder September 1, 2016 Police investigating the death of banker Oliver Dearlove have arrested a man on suspicion of murder. The 31-year-old man was arrested this morning and is currently in custody at a south London police station. Thirty-year-old Dearlove, who was a relationship manager for Duncan Lawrie Private Bank and who was living with his girlfriend in Eltham, died in hospital after being assaulted [...]
PCP Capital Partners alleges Barclays loaned $3bn (£2.3bn) to Qatar to fund purchase of bank’s shares September 1, 2016 An investor is alleging Barclays handed Qatar a $3bn (£2.3bn) loan so it could purchase the bank's shares. PCP Capital Partners has filed documents containing the allegation at the High Court. According to documents seen by Sky News, which first reported the story today, the alleged loan was made in 2008, at a time when the [...]
Lord Mayor heads to China to drum up business for London September 1, 2016 The Lord Mayor of the City of London will be heading to China next week in a bid to strengthen commercial ties and promote Britain as a business partner. Lord Mayor Jeffrey Mountevans will be leading a business delegation to Beijing, Shanghai and Tianjin in mainland China as well as to Hong Kong on 7 September [...]
Bankers need to hold themselves to account, says former Lord Mayor of London September 1, 2016 The financial services sector needs to hold itself accountable, rather than merely relying on regulators, to truly regain the public's trust, a former Lord Mayor of London has said today. Sir Alan Yarrow was speaking at the launch of the Certificates of Professionalism initiative from the Chartered Institute for Securities & Investment (CISI) and the Chartered Banker Institute, [...]
Ireland pushes Apple appeal decision back to Friday August 31, 2016 Ireland's government is yet to reach a consensus on whether to appeal yesterday's European Commission ruling on Apple's tax bill, it was revealed this evening. The cabinet will now meet on Friday to discuss the issue further. The European Competition Commission has presented the technology giant with a tax bill for €13bn (£11.1bn), and dragged the Irish government into the [...]
Deutsche Bank boss’ London assessment: It will stay a financial hub, but not as we know it August 31, 2016 Deutsche Bank's boss has today given his backing to London as a financial hub, even though he thinks it might end up looking different to what we know now. Many had feared London's future as a financial capital had been all but shattered by June's Brexit vote, and John Cryan himself said it was "not such a good [...]
