After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Africa needs fintech – but fintech needs Africa more August 30, 2018 What a difference a couple of decades make. At the turn of the century, Tony Blair remarked that “the state of Africa is a scar on the conscience of the world”. This week, on her first official visit to the continent, Theresa May embraced a new vision of optimism and hope. Read more: Theresa May [...]
The impact of a no-deal Brexit should set off alarm bells for the City’s finance firms August 28, 2018 Last week, the government produced papers assessing the impact of a no-deal Brexit scenario on various sectors, including financial services. It is concerning for the sector that a no-deal scenario is looking increasingly likely. The Bank of England governor Mark Carney ranks this possibility as “uncomfortably high”, while foreign secretary Jeremy Hunt suggested that there [...]
RBS declares first dividend in a decade August 3, 2018 RBS declared an interim dividend of 2p, pending the settlement with the US Department of Justice (DoJ). This announcement was a pleasant surprise, and projects a positive image about the firm’s financial health. The UK government is a majority shareholder in the bank, and the dividend will be welcomed by Westminster, but the pay-out will [...]
Last Week in the City: August rate rise now less likely July 20, 2018 Garry White, chief investment commentator, looks at the market-moving events that have shaped the UK equity markets this week (16 to 20 July 2018). The chances of an interest rate rise at the Bank of England’s August meeting appeared to recede this week after inflation data was more subdued than expected and retail sales data [...]
Your financial wellbeing is more than just the money in your bank account and the number on your paycheque July 18, 2018 How healthy are you? The answer might make you cringe, but chances are you’ve probably got an answer. “Relatively fit” or “could do with losing a few pounds” will probably sound familiar. But what if you were asked how financially well you are instead? You might be earning a good salary, but still find yourself [...]
Fintech company Revolut contacted police and regulator over money laundering worries July 17, 2018 Digital banking fintech Revolut called in police and regulators in the last few months after finding suspected money laundering on its system. Revolut contacted the National Crime Agency and City watchdog the Financial Conduct Authority after finding the suspected payments. Read more: Revolut launches Connect, its open banking enterprise marketplace The digital challenger bank was [...]
Why did TfL strip Uber of its licence and what did it do to get it back? June 26, 2018 After months of deliberation, Uber was today granted a 15-month licence after persuading Westminster Magistrates' Court that it had changed its ways and was now a "fit and proper" operator in the capital. City A.M. looks back at why TfL took the dramatic decision last year and what Uber did to try and win it [...]
Form alliance with Switzerland, Hong Kong and Singapore to boost City after Brexit, Shanker Singham argues in new report May 4, 2018 The City should forge alliances with other major financial hubs to strengthen and boost its position in the post-Brexit world, a new report by influential trade wonk Shanker Singham argues. According to Singham and co-author Catherine McBride, both of whom left Legatum to join the Institute of Economic Affairs in March, the UK should use [...]
Markets brace for the latest Bank of England interest rate decision May 1, 2018 Following a decade without so much as a hint of a rate rise, expectations are high for the UK’s second increase in just seven months. Most economists expect the Bank of England to raise the base rate to 0.75 per cent this month, up from the current 0.5 per cent. The UK’s economic picture is [...]
Kicking off: War of words between former boss Bob Mackenzie and car insurance giant AA rolls on May 1, 2018 Former AA boss Bob Mackenzie has found himself in the spotlight once again, following allegations that he hushed up a street fight which left him unable to deliver presentations to major City investors. The legal battle between Mackenzie and the roadside assistance giant ramped up yesterday after court filings of the AA’s defence were revealed [...]