Banking And Finance NEWS

Ex Co-op bank chairman banned from financial services

Paul Flowers, the former chairman of the Co-operative Bank, has been told he may never work in financial services in the UK again, according to Reuters. The Financial Conduct Authority (FCA) announced the … Continue reading “Ex Co-op bank chairman banned from financial services”


Lord Mayor of London calls for post-Brexit mutual recognition

The Lord Mayor of the City of London has said the goal of mutual recognition between UK and EU regulations following Brexit is ambitious but achievable, according to Reuters. As Brexit negotiations continue … Continue reading “Lord Mayor of London calls for post-Brexit mutual recognition”


Deutsche Bank settles US Libor case

Deutsche Bank AG has agreed to pay $240m to settle accusations that it conspired to fix the Libor benchmark interest rate with other banks, according to Reuters. On Tuesday, the preliminary settlement, which … Continue reading “Deutsche Bank settles US Libor case”


RBS and Barclays reveal large gender pay gaps

Disclosures from major banks have revealed a significant gender pay gap between the salaries of men and women, according to Reuters. Barclays Bank revealed that women in its international division are paid on … Continue reading “RBS and Barclays reveal large gender pay gaps”


ISA rates start uptick

Interest rates on cash Individual Savings Accounts (ISAs) are starting to rise, according to BBC News. Data from Moneyfacts indicates that rates on instant access ISAs rose from 0.68% in December 2017 to … Continue reading “ISA rates start uptick”


2018 could see ‘peak cash’ as debit cards take over

Data gathered by the UK Finance suggests the UK is about to move beyond ‘peak cash’ in 2018 as notes and coins are replaced by alternative payment methods, particularly in cities, according to … Continue reading “2018 could see ‘peak cash’ as debit cards take over”


Citigroup in innovation centre boost to City of London

Citigroup is to set up an innovation centre in London, representing the first major investment by a big US bank since the Brexit vote, according to the Financial Times. James Cowles, chief executive … Continue reading “Citigroup in innovation centre boost to City of London”


SFO levels charges at Barclays Bank

Barclays Bank PLC has been charged by the Serious Fraud Office (SFO) over ‘unlawful financial assistance’ said to have been given to Qatar in 2008, according to BBC News. In June 2017 the … Continue reading “SFO levels charges at Barclays Bank”


Shard Capital: The Role of a Stockbroker

A stockbroker manages investments for clients through the trading of financial products such as stocks and shares. Stockbrokers usually work on commission, taking a percentage of the value of the assets traded, although … Continue reading “Shard Capital: The Role of a Stockbroker”


JP Morgan issues warning over Brexit job losses

The chief executive of JP Morgan has said the bank may cut its UK workforce by more than 25% if different financial rules are adopted following Brexit, according to BBC News. Boss Jamie … Continue reading “JP Morgan issues warning over Brexit job losses”


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