UK must create hostile environment for kleptocrats to reduce influence of dirty money, argues Chatham House December 9, 2021 The UK must needs to reform its approach to dirty money and push for transparency to fix its reputation as hotbed for kleptocrats.
Amazon’s ruthless move to block Visa credit cards forces anxious businesses to make stark choices December 9, 2021 Amazon’s recent decision to block Visa credit cards in the UK caught millions of businesses and consumers in between. As a result, many firms have some serious and fairly urgent choices to make, as industry insiders explained to City PM today. Amazon announced in November that it will no longer accept payments made with UK-issued [...]
Lagarde orders redesign to create ‘more relatable’ euro banknotes December 6, 2021 Christine Lagarde, the president of Europe's central bank, has ordered a refresh of euro banknotes to make them "more relatable."
‘Cash machine at the till’ for withdrawals up to £50 coming to thousands of shops across the UK December 1, 2021 People can soon withdraw up to £50 in notes and coins in smaller shops without having to buy anything. A scheme enabling people to get cash from retailers’ tills without needing to make a purchase is to be rolled out to more than 2,000 shops before the end of the year. Cash machine network Link [...]
Getting schooled in risk: The lessons of poker November 30, 2021 | City Talk Getting rich slowly in the markets is an achievable goal. Just find the risks that everyone else irrationally hates right now. That’s the one that is available at the right price and will yield good returns. Now, while it’s simple, it’s not easy. Winning the gold medal in the 100 metres is simple – just [...]
Organisational culture: values must be lived for trust to exist November 30, 2021 | City Talk It is the values and behaviours of individuals that determines the culture within an organisation. If individuals live up to their organisation’s published values this will engender trust among stakeholders. In recent times there has been a decline in public trust and an increase in public scepticism, not just in business but in many of [...]
FCA tells pension providers to green up investments November 25, 2021 Personal pension providers will need to offer savers a default investment option to help people not taking financial advice build up enough funds to afford retirement under new rules launched by the City watchdog today. A new personal pension regime, set out by the Financial Conduct Authority (FCA), recommends default personal pension options will need [...]
Pandemic affects retirement plans for over half the nation, says Aviva November 25, 2021 Covid-19 has affected the retirement plans of 54 per cent of UK adults, with people nearing mid-life bearing the brunt of anxiety, according to new research.
Amazon’s merciless move to block Visa likely to lead to rapid uptake of… Amazon credit cards, which are issued by Mastercard November 22, 2021 Following the news that Amazon will no longer accept payments from UK-issued Visa credit cards, some industry insiders are convinced the e-commerce giant’s decision is a calculated move to drive the adoption of the company’s own payment cards, and will give a competitive advantage to Visa’s main rival, Mastercard. Last week, the online retailer confirmed that Visa credit [...]
Federal Reserve chair Jerome Powell nominated for second term November 22, 2021 Federal Reserve chair Jerome Powell has been nominated for a second four-year term by President Joe Biden., Lael Brainard, the Federal Reserve board member who vied with Powell for the job, will be vice chair, the White House said on Monday. “While there’s still more to be done, we’ve made remarkable progress over the last [...]
