The Help to Buy Isa for first-time buyers launches today: Here’s everything you need to know, including which banks and building societies will provide it and how much you can borrow December 1, 2015 It was now many moons ago that George Osborne introduced the Help to Buy Isa (Help to Buy-sa to its friends), which will give savers £50 for every £200 they save, up to £12,000. Nine months after it was first announced, the scheme is finally ready to be unveiled, with the launch slated for today. In other words: first-time [...]
RBS, Nationwide, HSBC, Barclays, Standard Chartered and HSBC share prices rise after Bank of England stress tests December 1, 2015 Shares in British lenders rose today, after results of a Bank of England stress test showed all the banks it tested had passed. Shares in Lloyds rose 2.8 per cent to 75.01p in early trading, while HSBC rose 1.4 per cent to 537.2p and Barclays rose 2.5 per cent to 228.75p. RBS and Standard Chartered, [...]
Bank of England stress tests: RBS and Standard Chartered flagged for “capital inadequacies” as Bank warns new capital requirements could be introduced next year December 1, 2015 British banks could be required to bolster their capital reserves by billions of pounds as soon as next year, the Bank of England said this morning, as it revealed that two of the country’s largest lenders had narrowly avoided failing its latest round of stress tests. The Bank is actively considering raising the so-called countercyclical buffer, [...]
At the close: FTSE 100 index closes down on Aberdeen Asset Management and BHP Billiton November 30, 2015 The FTSE 100 index closed down today, led lower by Aberdeen Asset Management and BHP Billiton. The UK's top blue-chip index ended Monday's session 0.3 per cent down, at 6,356 points. Aberdeen Asset Management's share price fell 4.6 per cent to 319.4p after having reported a 12.5 per cent fall in assets under management. The [...]
HSBC Lloyds Barclays Santander Nationwide Standard Chartered face Bank of England stress tests November 30, 2015 NULL
Aberdeen Asset Management’s chief executive Martin Gilbert wants a Fed rate rise in December to avoid emerging market sell-off November 30, 2015 We need the Federal Reserve to raise interest rates in December, was the message from the chief executive of Aberdeen Asset Management Martin Gilbert. He told City A.M. a Fed rate hike “won't cause problems in the emerging markets (Ems) because it's been so well signalled. “The problem is if the Fed doesn't raise rates, it [...]
Swatch’s Bellamy watch with Visa lets you pay with just a swipe of your wrist (but it’s not a smartwatch) November 30, 2015 First there was Oyster, and not far behind were contactless cards. Then came Apple Pay in the pay technology revolution, liberating commuters from pesky cash and flimsy tickets. It may have put paying with something other than a ticket into the popular consciousness, but there are other (admittedly less high-profile) options for non-Apple fans seeking to streamline [...]
Regulatory fines rocket to £2.45bn as watchdogs use new powers to ramp up punishment November 30, 2015 Regulators are flexing their muscles and ramping up punishments for financial misconduct, with fines handed out to companies guilty of wrongdoing rising 271 per cent over the past two years to hit £2.45bn. The size of the average penalty has also increased by 291 per cent, from £10.8m to £42.3m, according to new data from [...]
Battle of the Banks: UBS is financial advisor to the most FTSE 100 companies, followed by JP Morgan and Bank of America Merrill Lynch November 30, 2015 UBS has managed to win the battle of the banks and remain at the top of the table of FTSE 100 financial advisors for another year, with 14 clients in the UK's blue-chip index, according to Adviser Rankings' data. JP Morgan and Bank of America Merrill Lynch (BoAML) were just behind with 13 and 11 [...]
Barclays: Robotics is the future for Britain’s struggling manufacturers November 30, 2015 The UK's struggling manufacturing sector has bags of potential, according to a new report from a major British lender. Barclays has said today it believes that further automation and utilisation of robotics could add as much as £60.5bn to the sector, and the economy as a whole, over the next 10 years. It would take [...]