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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”


Toyota pledges to build next gen Auris in UK

Carmaker Toyota has announced it will build its new Auris hatchback at the Burnaston factory in Derbyshire, according to BBC News. The Japanese automotive company said the next generation Auris would also have … Continue reading “Toyota pledges to build next gen Auris in UK”


Toys R Us enters administration

The toy retailer Toys R Us has gone into administration. According to BBC News, the ‘orderly wind-down’ puts 3,000 jobs at risk in the UK. The troubled toy chain had been facing a … Continue reading “Toys R Us enters administration”


UK government muses tax on tech revenues, not profits

The UK government could be set to change the way technology giants are handled by the taxation system, according to BBC News. The Treasury has confirmed that a new tax on company revenues … Continue reading “UK government muses tax on tech revenues, not profits”


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”


Grim financial fortunes for British millennials, report confirms

A report from the Resolution Foundation indicates that Britons born since 1981 – known as the millennial generation – have suffered the second biggest financial hit in the developed world, topped only by … Continue reading “Grim financial fortunes for British millennials, report confirms”


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”


UK households expect further interest rate hikes

A survey has found that most UK households expect borrowing costs to rise again following an interest rate increase in November, according to Reuters. The Household Finance Index from data company IHS Markit … Continue reading “UK households expect further interest rate hikes”


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”


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