Fintech Lookahead 2016: The disruptors you should be looking out for November 19, 2015 What can we expect to see from the fintech industry over the coming year? And what kinds of companies are leading the charge? In its 2015 Global Banking Annual Review, McKinsey said that “banks are under attack from new technology companies and others seeking to poach their customers. To date, banks’ losses to attackers have [...]
FTSE 100 sees third consecutive rise as miners surge – London Report November 19, 2015 Tourism-related stocks came under pressure yesterday on concerns about international security after last week’s attacks in Paris, though Britain’s top share index got support from gains in commodity shares. The blue chip FTSE 100 index was up 10.21 points, or 0.2 per cent, to 6,278.97 points by the close, buoyed in late trade by a [...]
Capgemini: The finance industry can’t afford to ignore bitcoin technology blockchain November 18, 2015 Blockchain technology is winning new friends by the day, with computer consultancy Capgemini announcing in a fresh report that financial services can no longer “afford to ignore” the distributed ledger technology that underpins bitcoin. Calling blockchain a “fundamental” shift for the finance industry, the report suggests that distributed ledgers will both slash costs and be [...]
Barclays investors unfazed as bank slapped with $150m forex fine by New York State Department of Financial Services November 18, 2015 Barclays has just been slapped with an additional $150m (£98m) fine for its manipulation of the Forex markets by the New York State Department of Financial Services. The British bank has also agreed to "terminate" its global head of electronic fixed income, currencies and commodities as part of the settlement. The fine owes specifically to misconduct on [...]
Best of the Brokers for 18 November 2015 November 18, 2015 To appear in Best of the Brokers, email your research to notes@cityam.com STANDARD CHARTERED Jefferies believes the $17bn revenues implied in Standard Chartered’s 2018 returns on an equity target of eight per cent will be “tough to achieve”, given the ongoing pressure at the bank. Five per cent returns would be more achievable in 2018 [...]
Barclays faces new £66m forex fine November 17, 2015 Barclays is facing another $100m forex fine, according to reports in the Financial Times, as analysts suggest more litigation costs are yet to come. Sources have told the FT that Barclays is set to have to pay at least $100m in a penalty imposed by the New York Department of Financial Services for the forex [...]
Where can I use Apple Pay in the UK? The A-Z of shops, restaurants and apps which will accept mobile payment with iPhone 6 and 6 Plus November 17, 2015 Apple launched its mobile payment service, Apple Pay, in the UK in its first mobile payment move beyond the US, capitalising on the boom in mobile and contactless payments among consumers. iPhone 6 and 6 Plus users can now pay with just the tap of a smartphone, or Apple Watch, across the high street and [...]
Where can I use Apple Pay? Tesco Bank and TSB customers can now use contactless mobile payment with iPhones 6, 6 Plus, 6s, 6s Plus and Apple Watch November 17, 2015 The roll out of Apple Pay continues, with UK banks TSB and Tesco Bank now supporting the contactless payment method which can be used with iPhone and Apple Watches. They bring the total number of banks to jump on board with Apple Pay to thirteen after it launched in July with most of the major banks involved. Barclays is [...]
Barclays: It’s a great time to start a business in the UK November 16, 2015 It’s a great time to start a business in the UK, according to research published by Barclays today. Start-up survival rates are at their highest since Barclay’s began their in-depth Entrepreneurs Index in 2012 while the number of active companies in the UK increased to 3,260,879 in June 2015 – a 3.86 per cent climb on [...]
Gibraltar International Literary Festival 2015: Celebs rock Gibraltar as bankers back bookish bash November 16, 2015 Watch out Hay on Wye, there’s a new bookish bonanza on the calendar. City slickers may be well acquainted with Gibraltar; its bookies, its brokerages, its yachts and its tax laws. With the small British outpost seeing 50 per cent GDP growth in the last four years, it’s becoming something of an economic powerhouse, but [...]