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…
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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…
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…
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…
ECB orders Deutsche Bank to increase common equity holdings
The European Central Bank (ECB) has increased the capital holding requirements for Deutsche Bank in 2018 to a little above the average for European lenders, according to City AM. The…
Bitcoin proves volatile on the markets
It’s been a busy week for bitcoin – even by bitcoin’s standards. On Wednesday, it reached its highest level at $11,434, before nosediving a huge 21% to $9,009 just six…
Post-Brexit hubs for Goldman Sachs in Frankfurt and Paris
Goldman Sachs is planning to have two hubs on the European continent following Brexit, according to Reuters. The banking giant will establish bases in Frankfurt and Paris, with London staff…
HSBC agrees to settle French tax evasion case for €300m
HSBC is to pay €300m (£266m) to French authorities in order to settle a long-running investigation into tax evasion by French customers of the bank, according to BBC News. The…
Big banks lease Frankfurt offices as Brexit contingency
Speculation that London could lose out on its status as a global financial hub post-Brexit has taken a tangible turn as several major banks have agreed leases in the city’s…
Legal & General invests £40m into employee loan fintech startup
Legal & General has invested £40m into a fintech startup that partners with employers to offer loans to workers, according to Business Insider UK. SalaryFinance was started by Dan Cobley,…
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