City chief execs need to be able to face the music no matter what November 1, 2023 The sign of a strong chief executive is the ability to communicate during the bad times as well as the good. My view has always been that if you want to be the leader of a company, taking home the paycheck that comes with it, you should be expected to step forward and be accountable [...]
Here are the top banks most impacted by fraud — and worst at reimbursing their customers October 31, 2023 APP scams, which involve the victim making the payment themselves, accounted for 40 per cent of fraud losses in 2022.
FTSE 100 close: London pares gains as BP slump offsets inflation hope October 31, 2023 London's FTSE markets climbed on Tuesday morning as investors received another boost from falling food inflation but oil giant BP slumped after a poor set of results.
Banks slammed for ‘doing as little as they can get away with’ to help savers October 30, 2023 The UK's biggest banks are "trying to do as little as they can get away with" to help savers as interest rates look set to stay high, a top Tory MP has said.
Banks face tougher competition as profits boost from higher rates fades October 30, 2023 The UK’s major listed banks have warned that the tailwind from high interest rates that has driven bumper profits over the past year is coming to an end as lenders compete to offer better deals to customers. Barclays, Lloyds, NatWest, Standard Chartered and Santander reported third-quarter earnings last week, while HSBC released its results today. [...]
Markets: Asian exchanges open slow as Israel-Gaza conflict weighs on sentiment October 30, 2023 Asian share markets were mixed on Monday as Israel’s push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and Japan, the latter of which might see a policy tightening. The earnings season also continues with Apple, Airbnb, McDonald’s, Moderna and Eli Lilly & Co among the [...]
Kraken appoints crypto entrepreneur and fintech consultant Bivu Das to drive next chapter of UK growth story October 27, 2023 Kraken has appointed the highly experienced fintech strategist Bivu Das as its Managing Director for the UK.
Dubai calling: City set for closer ties with UAE as ministers pen cooperation deal October 26, 2023 The UK is set to pen a deal to forge closer ties with the United Arab Emirates on financial services today as ministers look to tap into deep pools of capital and promote cooperation between the City and the Middle Eastern state.
Fintech Growth Fund: Treasury rejects pleas for cash as questions swirl on funding October 26, 2023 City sources have flagged concerns with City A.M. over how much money has actually been raised by the fund with bosses refusing to say how much capital had been committed.
Fierce mortgage competition to weigh on banks’ margins, warn brokers October 25, 2023 Mortgage profitability is a key focus for investors as lenders have significantly reduced rates in recent months.