Europe needs global banks, says Deutsche Bank boss Christian Sewing August 29, 2018 Deutsche Bank still aims to be a global presence in investment banking amid increased appetite for European banks to merge, according to the German lender’s chief executive. Christian Sewing today said that the bank is standing by its international operations as well as home, after pressure from some investors to cut back its once mighty [...]
Revealed: The skills that will get you jobs with the highest salaries August 28, 2018 Automation isn’t just putting lower-earning jobs at risk; it’s a threat to higher-earning roles too. While AI is putting the likes of customer service agents’ roles are under threat , the technology could replace up to half of banking jobs too, according to Barclays’ former boss Antony Jenkins. Read more: Technology could replace half of [...]
TSB forced to delay switch from Visa to Mastercard after bank’s computer collapse August 27, 2018 High street lender TSB has been forced to delay a switch to Mastercard for its card payments as it focuses on getting its computer systems back to health following the IT collapse it suffered earlier this year. TSB had planned to leave Visa Europe for its card operations by the end of this year, but [...]
City Moves for 24 August 2018 – who’s switching jobs at Barclays, RateSetter and Hometree? August 23, 2018 NULL
Ctrl Alt Delete: Technology could replace more than half of banking jobs, warns ex-Barclays boss August 23, 2018 Technology could replace more than 50 per cent of banking jobs, according to former Barclays chief executive Antony Jenkins. The boss of 10x Banking said that computers could replace customer service, middle and back office roles, and that the workforce will have to become more entrepreneurial. Read more: Aberdeen Standard Investments launches AI fund "We've [...]
Balfour Beatty keep bouncing back August 23, 2018 Balfour Beatty shares are higher since the company revealed a 69% jump in first-half operating profit last week. Revenue dipped by 8.5%, but higher margins and lower costs helped the company boost earnings. The interim dividend was upped by 33% to 1.6p, which admittedly isn’t a huge pay-out, but it highlights the company’s ability to [...]
Sky prepares for £97m advisory bill on Fox deal August 20, 2018 Telecoms giant Sky has revealed it is anticipating a bill for its advisory team of between £90m and £97m, if 21st Century Fox triumphs in its attempt to takeover the firm. A circular published by the broadcaster today said it will spend as much as £61.5m on financial and broking advice, with an additional £20m to [...]
City Moves for 21 August 2018 – who’s switching jobs at Barclays, Aviva Investors and Petrofac? August 20, 2018 NULL
Blockchain startups have raked in $1.8bn in venture capital funding in the last six months | City A.M. August 8, 2018 Blockchain startups raised a record-breaking $1.8bn (£1.4bn) across more than 300 deals with venture capital (VC) investors in the last six months, as the industry doubles down on the technology behind cryptocurrency. Data compiled by London-based blockchain specialist VC firm Outlier Ventures revealed investments into dedicated blockchain startups soared in the first half of 2018 [...]
London fintech serves up UK-wide partnership with sushi chain Itsu August 7, 2018 London-based fintech firm Flux will roll out a UK-wide deal with sushi chain Itsu that could see users receive nutritional information sent straight to their phones. Starting today, users who have opted in with Flux's banking partners will receive an itemised digital receipt inside their banking app when they pay with their card at any [...]