Send money via mobile numbers April 29, 2014 Bank customers can now send money to each other by using their mobile phone numbers, after a new service named Paym launched yesterday. The company said that customers of the Bank of Scotland, Barclays, Cumberland Building Society, Danske Bank, Halifax, HSBC, Lloyds Bank, Santander and TSB will all be able to send and receive payments. [...]
London Report: Solid corporate earnings push FTSE near highs April 29, 2014 THE UK’S blue chip share index hit a seven and a half week closing high yesterday, bolstered by upbeat corporate earnings reports from oil major BP and wealth manager St James’s Place. BP, up 2.9 per cent, contributed most points to the UK benchmark index as it raised its quarterly dividend and said more share [...]
What you need to know before the US open April 29, 2014 US stocks futures pointed to a higher opening today, following some better-than-expected corporate results. European markets have continued to received a lift from positive earnings reports and news of mergers. A two-day Fed policy meeting begins later today, with expectations that a decision will be taken to taper for a fourth time. The increase in [...]
Mr Gold just became Barclays Americas CEO April 29, 2014 Another episode of nominative determinism in finance. Barclays is appointing its current global head of client capital management – Joe Gold – to a restructured role as CEO of the Americas. As of 1 May, he'll be reporting to co-CEOs of the Corporate and Investment Bank, Tom King and Eric Bommensath. He replaces Hugh "Skip" [...]
Any Other Business – 29/04 April 29, 2014 THERE was cause for celebration (and positive headlines, at last) for Barclays on Friday when its retail and business banking chief executive Curt Hess picked up the Corporate Straight Ally of the Year award at the Out in the City and G3 Magazine awards. Hess rubbed shoulders with the likes of Tom Daly and Paul [...]
Former Barclays traders charged in Libor probe April 28, 2014 THREE more former Barclays traders were yesterday charged by the Serious Fraud Office over their alleged involvement in attempts to manipulate Libor. Jay Vijay Merchant, Alex Julian Pabon and Ryan Michael Reich are accused of conspiracy to defraud and will appear at Westminster Magistrates’ Court in the coming weeks. The staff were all based in the [...]
Tube strike disruption starts this morning after talks with union failed April 28, 2014 LONDONERS are this morning facing the first full day of disruption on the Tube, following the RMT union’s decision to strike for 48 hours. London Underground workers began walkouts at 9pm last night, and Transport for London said services will not get back to normal until Thursday morning. A second wave of strike action is [...]
One in four people don’t really care about the abolition of stamp duty on Aim shares April 28, 2014 From today investors who buy shares in junior stock market listed companies – the hundreds listed on London’s alternative investment market (Aim)– who will not have to pay the 0.5 per cent stamp duty or stamp duty reserve tax on the shares, making them cheaper to buy and own. The move was introduced by chancellor [...]
How to get around if the tube strike goes ahead April 28, 2014 • BAKERLOO TfL hopes to run trains between Queen’s Park and Elephant & Castle around every six minutes in both directions. Not stopping at Edgware Road, Embankment, Kilburn Park, Lambeth North, Maida Vale, Piccadilly Circus or Regent’s Park. • CENTRAL No service would operate through the central area. TfL plans to run trains between Epping [...]
No more bonus for RBS chief and finance director April 28, 2014 THE CHIEF executive and finance boss at RBS will no longer receive bonuses, instead getting regular payments in shares – which could amount to more than £2m per year between them. The bailed-out bank will not be able to pay bonuses of above 100 per cent of salary, thanks to Brussels’ bonus cap, leaving it [...]