Competition is heating up amongst retail banks, says FCA January 20, 2022 Fierce competition in retail banking is driving choice and lowering prices for consumers according to the UK financial watchdog.
BoE Governor challenges Westminster dismissal of Britcoin January 19, 2022 The governor of the Bank of England has accused a Westminster committee of dismissing key arguments for the introduction of Britcoin.
Bank of America profits climb on loan demand soaring amid US economic recovery January 19, 2022 Wall Street giant Bank of America has reaped a windfall generated by American consumers and businesses taking on loans amid a booming economic recovery. The American banking titan registered a 28 per cent rise in net income, climbing to $7bn in the final three months of last year, it announced today. A strong economic rebound [...]
Personetics announces $85m funding injection to boost banking personalisation January 19, 2022 Personetics has announced an $85m funding injection as it looks to accelerate the roll-out of its banking personalisation solutions.
Exclusive: In war for talent, the rapid surge in pay is tipping the balance of power, says Edmond de Rothschild manager January 19, 2022 11 million. Eleven million is the number of job openings that are currently unfilled in the world’s largest market alone, the United States. In other words, Corporate America is looking for 11m workers to operate at a level that meets end demand. To put this figure into perspective, this is an all-time high and double [...]
British fintech Revolut launches in-app US stocks trading January 19, 2022 UK fintech Revolut has launched commission-free stock trading in the US in a bid to compete with online brokerages including Robinhood.
Brexit: Sigh of relief in the City as Brussels extends clearing deadline for EU banks and finance firms until 2025 January 19, 2022 Brussels has climbed down from a deadline to pull European finance firms’ access to London clearing houses, the bloc’s finance chief announced today. Europe is planning on extending temporary permits allowing banks, brokers and fund managers on the Continent to use UK clearing houses until June 2025. The news was first reported by the Financial [...]
Most UK workers embrace four-day working week with many saying less time in office would boost productivity January 19, 2022 Over half of British workers feel a four-day work week would increase their productivity, according to new data shared with City PM today. In fact, 57 per cent of UK employees would like to have more space in their working week by reducing their hours to four days, the research commissioned by Airtasker found. However, one in three UK workers would consider supplementing their salary [...]
€200bn moved across Irish Sea since Brexit: Balance sheets of global banks in Dublin swell to record €500bn January 19, 2022 The Irish balance sheets of a range of global banks that run international operations from Dublin has ballooned to more than half a billion euros. As a result, Dublin is gradually becoming a major banking hub within the EU, adding as much as €200bn to banks’ balance sheets since the UK voted to leave the [...]
KPMG slapped with £3m fine over Conviviality audit failures January 19, 2022 Accounting giant KPMG and a senior audit partner have been fined over £3m for failings related to an audit of collapsed firm Conviviality.
