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The Competition and Markets Authority (CMA) has provisionally ruled that five considerable banks maintain broken the law as they shared sensitive information of government bond trading in chatrooms online. Between 2009 and 2013 it has been alleged that Citi, Deutsche…
A panel of 13 academics, economists, mortgage and savings experts, compiled by the personal finance comparison site, finder.com, almost unanimously agree that there will be a 0.25% increase to interest rates on the 11 May next month. However, a quarter…
The recent plunge in fintech investment will strengthen the financial services sector in the long-term, says a leading financial services figure. Rafal Andzejevski, founder of the London-based financial services provider PayAlly, has argued that a drop in fintech deals last…
recent research has shown that many Brits reflect their bank’s fees for spending money abroad are unfair or unreasonable, and a high proportion don’t even understand the fees being charged. Specifically, the research found: Only 26% of consumers understand their…
Stock markets in the US and Europe were driven by positive US earnings and strong economic data in China. The data brings a more optimistic tone to weeks of uncertainty and concerns as traders concentrated on the potential developments in…
UK banking customers are resistant to change when it comes to managing their money, according to current research by Accenture. A recent survey of more than 2400 UK adults found that 1 in 3 (32%) would still rather execute all their…
The banking sector remains the center of attention for international investors after fears spiked earlier that bank failures could ignite a large-scale financial crisis. However, the rapid intervention from regulators in the US and Europe has helped limit damage and…
The chair of Saudi National Bank, Ammar Alkhudairy, has resigned citing personal reasons. The news comes days after his comments about not investing more money in Credit Suisse which led to shares nosediving and ultimately UBS buying the embattled Swiss…
The recent banking crisis in the United States has negatively impacted selected stocks in the sector, with investors raising trust issues about the industry’s stability. With investors looking for alternatives, it seems Bitcoin is among the winners despite the asset…
A London-based international accountancy and consultancy firm has expanded with the support of HSBC UK. Affinity Associates has utilised a seven-figure finance package from HSBC UK to acquire Flemmings, a multi-disciplinary business advisory group. The HSBC UK backed deal sees…