After the Nvidelity comes the Huangover. Jensen Huang joins long list who confused boardroom and bedroom
Banks could pull in more customers if they offered insurance, survey suggests January 12, 2017 A survey released today contains a potential solution for banking bosses worried about falling customer numbers: start offering insurance products. The figures from marketing specialist Collinson Group found consumers typically hold four different insurance products from three different providers . Almost two thirds (63 per cent) are sick of the split and would much prefer a [...]
This noise-cancelling device means you can finally have office phone conversations in private January 11, 2017 Tired of leaping up from your desk every time you need to have a private phone conversation at the office? One company has unveiled the solution: a mask which absorbs your speech. The Hushme looks like a pair of headphones, but is designed to go around your mouth, absorbing noise so you can have conversations without your [...]
Information Commissioner’s Office delivers damning verdict after RSA personal data loss January 10, 2017 Regulators have fined insurance giant RSA for losing the personal information of almost 60,000 customers. The owners of the More Than brand were handed a £150,000 penalty by the Information Commissioner's Office (ICO) after the theft of a hard drive device containing thousands of customers' personal data and the credit card details of 20,000 people. The ICO [...]
Resolutions for your money: Experts give their personal finance tips for 2017 January 4, 2017 After the gift giving, sales shopping and other excesses of the festive season, many of us aspire to start the New Year with tighter belts. According to research by Masthaven, 78 per cent of Brits intend to save over the next 12 months, with 34 per cent of them planning to squirrel away more than they [...]
Investment trust winners of 2016 December 29, 2016 Investment trusts focused on Asia are on course to deliver some of the best returns in 2016, according to data for trust sectors. Investment trusts are an alternative to more commonly held open-ended funds or unit trusts, offering some advantages. This is explained here: investment trust v open-ended funds Here, we look at the performance [...]
Lloyds Banking Group snaps up Bank of America’s MBNA credit card firm for £1.9bn in first acquisition since financial crisis December 20, 2016 Lloyds Banking Group has beaten off other bidders to snap up Bank of America's UK credit card company MBNA for £1.9bn, in its first acquisition since it was bailed out by taxpayers in 2008. The UK lender emerged as the frontrunner to take over MBNA, which holds assets of £7bn, in late November. The takeover is a [...]
City Moves for 19 December 2016 | Who’s switching jobs December 19, 2016 Fitch Fitch has appointed Sean Costello as head of its EMEA corporates banker team. Sean joins from Commerzbank where he was head of loan capital markets within their leveraged finance group. Sean joined Commerzbank in August 2005 from the leveraged loan distribution team at Bank of Scotland and prior to that, NIBC Bank and NatWest Capital Markets. With [...]
Habito founder Daniel Hegarty talks fintech mortgages, bigamy and working above a kebab shop December 19, 2016 Many people have a career change. Before venturing into fintech, Daniel Hegarty, founder of digital mortgage broker Habito, was a professional musician, composing for TV and film and touring internationally. In 2007, he joined a few people trying to work out how to do loans on the internet in real time, in a pre-launch company [...]
Deutsche Bank mulls axing bonuses to pay loans fine December 18, 2016 Deutsche Bank could axe bonuses for some of its senior staff as scrambles to shore up cash to pay a potentially massive fine over toxic US loans. The bank, which has spooked investors in recent months with warnings over lower for longer interest rates and red tape pushing up costs, will not make a decision [...]
Bank shares and stress tests: the value investor’s verdict December 8, 2016 The Bank of England’s latest stress tests of the UK banking system attracted many column inches of space in the newspapers last week. The aim was to calculate whether these institutions would have enough capital to withstand certain grim scenarios. Moving away from some of the inflammatory headlines, it is worth looking in more [...]