Leading challenger banks in advanced talks about £1.6bn merger March 9, 2019 OneSavings Bank and Charter Court Financial Services Group are in advanced talks about a merger that would create a lender worth more than £1.6bn Discussions have been ongoing for a number of months between two of Britain's biggest challenger banks and an announcement could confirm a deal within the next fortnight, according to Sky News. Read [...]
Barclays, HSBC, JP Morgan back Wealthiher initiative to help women with wealth March 8, 2019 Some of the City’s biggest firms and major international banks have thrown their weight behind an initiative to help women grow and protect their wealth. Read more: Women-led startups win under 10 per cent of VC funding Wealthiher will showcase the rise in women’s wealth, and highlight the different needs that wealthy women have. The [...]
City Moves for 8 March 2019 – Who’s switching jobs at McCarthy Denning, Fox Williams and MSCI? March 8, 2019 Today's City Moves include McCarthy Denning, Fox Williams and MSCI. McCarthy Denning McCarthy Denning is pleased to announce that Sheikh Bilal Khan has joined the firm as a partner and global head of Islamic finance. Sheikh Bilal Khan is dual-qualified in English and Shariah Law, and has won numerous accolades for his work. He belongs [...]
Nationwide invests in former Barclays CEO’s fintech firm in bid to shake up business banking March 7, 2019 Nationwide has acquired a £15m stake in fintech startup 10x Future Technologies as it looks to boost its digital offering and shake up the business banking sector. The UK’s largest building society has invested in the firm founded by former Barclays boss Antony Jenkins to build a digital platform for its new business current account. [...]
Three directors to leave Barclays board as bank faces threat from activist investor Ed Bramson March 6, 2019 THREE directors will leave Barclays in May, the bank said today, as it looks to fight off activist investor Ed Bramson’s bid for a seat on the board. The bank said Mike Turner, former chief executive of BAE Systems, would step down as the arrival of new chairman Nigel Higgins “presented an opportunity to review [...]
Legal and General shares fall in wake of record £10bn annuities sales March 6, 2019 Legal and General shares fell four per cent this morning as the insurance group reported record sales of annuities in its full-year results. But investors' confidence was knocked after analysts questioned whether the company could continue raising its dividend at the same time. The figures Profit after tax was down three per cent year-on-year for the [...]
Brexit: Geoffrey Cox and Stephen Barclay head to Brussels for final backstop push March 5, 2019 Brexit secretary Stephen Barclay and attorney general Geoffrey Cox will today head to Brussels in a bid to win changes to the Irish backstop in the run-up to another crunch Commons vote on Theresa May's Brexit deal. The two ministers are hoping EU officials will agree to a time limit to the backstop – the [...]
One in 12 of Europe’s new startups work in AI sector March 5, 2019 One in every 12 newly founded companies in Europe calls itself an AI company, with the field dominated by UK startups, a new study reveals. But two-fifths of the 2,830 startups show little evidence of AI, the report released today from venture capital firm MMC Ventures and Barclays shows. Artificial intelligence, technology which allows software [...]
UK digital advertising spend to grow to £15bn in 2019, report states March 4, 2019 Spending on digital advertising in the UK is set to grow to more than £15bn this year amid a boom in new digital marketing technology, a new report has revealed. Digital ad spend will enjoy double-digit growth in 2019 as the industry moves away from traditional media forms, according to the latest forecasts by Barclays [...]
Ranked: The high street banks with the most IT outages March 4, 2019 UK banks are suffering IT outages or security failures at a rate of more than one a day, new figures from the financial watchdog have revealed. The Financial Conduct Authority (FCA) now requires banks to publish information on IT failures. Read more: Barclays down: Banking app outage hits customers Analysis conducted by Which found there [...]