After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Breaking the banks: Why are shareholders bailing out? February 10, 2016 The share prices of Europe’s biggest banks are now being discussed in historical terms. Deutsche Bank’s share price has dipped beneath its financial crisis nadir and its convertible bonds have plummeted. Standard Chartered’s stock is at its cheapest in nearly 20 years, joined in the carnage by the other major UK banks – HSBC, Lloyds, Barclays [...]
London Fintech startup Digital Shadows raises $14m from Trinity Ventures, Paladin Capital and existing investors February 9, 2016 One of London's up and coming fintech startups Digital Shadows has landed $14m of new funding from venture capital investors. The cyber security firm which counts the Bank of England among its clients, raised the series B round from Trinity Ventures and Paladin Capital as well as existing investors Storm Ventures, TenEleven and Passion Capital. "Given Trinity's long and [...]
UK house prices: Why Help to Buy, Starter Homes and other government initiatives won’t boost housebuilding in the UK February 9, 2016 There's nothing like a target to focus the mind. Last year, the newly elected Conservative government set themselves several in an attempt to tackle the housing crisis and get more new homes built over the course of this parliament. The numbers are ambitious. The government says it wants a million new homes built in England [...]
Interest rate hike more unlikely as Bank of England’s Sir Jon Cunliffe signals lending restrictions February 9, 2016 The Bank of England is likely to tighten lending restrictions rather than raise interest rates if the growth rate of credit exceeds that of GDP, a Bank official has said. Sir Jon Cunliffe said: “Given the vulnerability that already exists and the powerful drivers in the UK, particularly in the housing market, if credit began again to [...]
Bad EU regulations hold the City back: We need more influence over policy February 9, 2016 At the heart of David Cameron’s hard-fought EU renegotiation, there appear to be some misconceptions about how the City views its relationship with Europe. Although many institutions in the Square Mile have voiced support for the UK’s membership of the EU, there is also widespread concern about the City’s strained relationship with Brussels, whose policy-making on [...]
Emerging Payments Association says small non-bank payment providers should have access to the same systems as the big banks February 8, 2016 Payments companies are urging regulators to overhaul the way payments are delivered by enabling alternative payments providers to better compete with larger lenders. In a new report out today, the Emerging Payments Association (EPA) said while it welcomed a review from the Bank of England looking at payments systems, smaller non-bank providers wanted access to [...]
UK financial services touted worldwide, but Yorkshire and the Northern Powerhouse oust London as stars of the show February 8, 2016 The City of London may be known for its financial prowess but, as government gears up to promote the financial services sector worldwide, it's Yorkshire, not the capital, that is taking the starring role. UK Trade and Investment (UKTI) is adding Yorkshire to its Financial Centres of Excellence initiative, which is designed to promote UK financial services to [...]
EU referendum, slowdown in China, volatility in global markets and turmoil in the Middle East to rock UK growth in 2016 – BDO report February 8, 2016 Global economic fears and uncertainty over the EU referendum have pushed business confidence to a three-year low. The economic slowdown in China, volatility in global markets and turmoil in the Middle East are all starting to take their toll on the previously resilient UK economy, accountancy firm BDO has warned this morning. The impending EU [...]
Deadline day for firms to send in forms identifying their senior staff under grandfathering rules for the Senior Managers Regime is tomorrow February 7, 2016 The Senior Managers Regime is taking one step closer to implementation, as many firms have until tomorrow to submit paperwork listing their senior staff members. Firms affected by the Senior Managers Regime, which include banks, building societies and certain investment firms, must file grandfathering notifications for staff members who have either already been approved or whose [...]
Tory MP Jacob Rees-Mogg discusses David Cameron and the proposed EU reforms in an interview with City A.M. February 5, 2016 Thin gruel is hardly an appealing image, yet that’s how Tory MP Jacob Rees-Mogg first described David Cameron’s proposed EU reforms. As the Prime Minister outlined the details of his EU deal on Wednesday, the North East Somerset MP suggested that the gruel had been watered down yet further. I spoke to this colourful, popular Old Etonian MP [...]