Banking And Finance NEWS

FCA floats basic savings rate plan

The Financial Conduct Authority (FCA) has proposed a minimum interest rate for savings accounts to improve returns for loyal savers, according to BBC News. The FCA has said savers who stay with the … Continue reading “FCA floats basic savings rate plan”


What are funeral plans?

You may often hear the term ‘funeral plan’ bandied about, especially on TV advertisements. What is important to realise, however, is that this term can be used to encapsulate several different types of … Continue reading “What are funeral plans?”


New to Forex Trading, Work Your Way up Using Demo Trade Accounts

Not sure about forex trading yet? No need to rush. There is a lot that needs to be learnt to be a guru in this trade. Good news is that there are platforms … Continue reading “New to Forex Trading, Work Your Way up Using Demo Trade Accounts”


Lloyds to cut back office staff, invest in tech

Lloyds Banking Group has announced plans to cut 450 back-office jobs in the latest attempt to cut costs and focus on digital initiatives, according to Reuters. The group has said it will create … Continue reading “Lloyds to cut back office staff, invest in tech”


Address alpha male culture in UK banking, says report

MPs have called for a change in the ‘alpha male culture’ at UK banks in a parliamentary report that cites the gender pay gap and hazy criteria for performance bonuses as key problems, … Continue reading “Address alpha male culture in UK banking, says report”


Clydesdale and Yorkshire Banks to merge with Virgin Money

Two major banking brands are set to disappear from the High Street following a Virgin Money takeover of Clydesdale and Yorkshire banks, according to the Guardian. The £1.7bn acquisition is expected to lead … Continue reading “Clydesdale and Yorkshire Banks to merge with Virgin Money”


Islamic banks call for UK tax reforms

Islamic finance firms are putting pressure on the UK government to reform the tax system in order to provide for their growth, according to Reuters. Islamic rules on finance prohibit interest payments and … Continue reading “Islamic banks call for UK tax reforms”


FSMB consults on ‘statement of good practice’ following Libor

The FICC Markets Standards Board (FSMB) has published draft guidance on what information traders can share, in the aftermath of the Libor rigging scandal, according to Reuters. The FSMB said the proposed guidance … Continue reading “FSMB consults on ‘statement of good practice’ following Libor”


Tax havens required to build public company ownership registers

The government has said it will support a legislative amendment which will force British Overseas Territories to create public registers of company ownership, helping to address the global system of hiding places for … Continue reading “Tax havens required to build public company ownership registers”


Lloyds pre-tax profits rise 23% as bank looks to end of PPI complaints

Lloyds Bank’s pre-tax profits rose 23% in the last year, despite pressure from PPI compensation claims according to the Financial Times. Pre-tax profits were £1.6bn, up 23% on 2017’s profits of £1.3bn. Last … Continue reading “Lloyds pre-tax profits rise 23% as bank looks to end of PPI complaints”


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