Barclays agrees to pay $2bn in civil penalties to settle US mortgage misselling claims March 29, 2018 Barclays has agreed to pay $2bn £1.4bn) in civil penalties to resolve claims for fraud in the sale of residential mortgage-backed securities, the US Department of Justice said today. The US had alleged that Barclays caused “billions of dollars in losses to investors” by selling the deals in the lead up to the financial crisis. [...]
Could the bitcoin price (BTC) rocket back to $20,000, or are they halcyon days over? Here’s what the analysts say March 27, 2018 Bitcoin’s price hovered around the $8,000 mark today after dropping yesterday on the news that yet another tech giant was banning crypto adverts on its platform, but some analysts say it could rocket back up to $20,000 this year. Having fallen from more than $13,000 at the start of the year, Jordan Hiscott, chief trader [...]
Think of Isas as the path to future happiness March 27, 2018 Why aren’t more people saving and investing via Isas? And what can be done to encourage more people to use them to prepare for their financial futures? As we near the end of this year’s Isa season, we can reflect that it has never been easier for people to invest – and it can be [...]
City of London Corporation launches UK-China green finance centre March 26, 2018 The City of London Corporation will today announce the launch of a new green finance centre in China as part of its efforts to make London the go-to location for environmentally friendly fundraising. Charles Bowman, City of London lord mayor, today met the head of the China Green Finance Committee, Ma Jun, in Beijing where [...]
Barclays draws up contingency plans as it awaits the next move from activist investor Edward Bramson March 25, 2018 Barclays has drawn up contingency plans as it awaits the next move of activist private equity investor Edward Bramson, after the bank last week disclosed he had built a five per cent stake in the firm. The lender consulted Deutsche Bank and JP Morgan, its corporate brokers, after learning of the stake to discuss what [...]
Bramson betting on Barclays break-up: When did activist investors become so polite? March 23, 2018 This week’s disclosure by Ed Bramson’s Sherborne Investments of a 5.2 per cent voting stake in Barclays was accompanied by the now-usual platitudes about constructive relations with the board, spotting a company undervalued by the stock market, and so on. That’s superficially plausible: Sherborne has already made a healthy return on the stock it began [...]
Interserve share price soars after striking lender rescue deal March 22, 2018 Interserve was the leading gainer on the FTSE All-Share this morning after the firm yesterday revealed it had secured a make-or-break funding package. Shares rose more than 12 per cent in opening trading building on a surge of a quarter yesterday. They are currently almost eight per cent higher. The firm said yesterday it had [...]
These are the UK’s most sought after companies to work for, as revealed by LinkedIn March 21, 2018 There has been a significant rise in the number of banks and finance firms in the top 20 most sought after companies to work for in the UK, according to a new ranking out today from LinkedIn. The list is compiled through looking at the actions taken by LinkedIn’s 25m UK members, considering data such [...]
KPMG appointed to handle Mothercare refinancing March 20, 2018 Mothercare has called in KPMG to advise on a refinancing of the business, City A.M. can reveal. The retail chain is in talks with its lenders about raising money for a turnaround and has drafted in KPMG to advise on securing waivers to its financial covenants. Mothercare's share price fell by more than 10 per [...]
Barclays Bank shakes up board ahead of ringfencing changes March 19, 2018 Barclays has reshuffled its board ahead of the creation of a separate retail and small business bank, as required by the UK’s ringfencing legislation. The bank is transferring its UK retail and small business operations to a new bank, Barclays Bank UK. Barclays Bank PLC will continue to own the group’s corporate and investment bank, [...]