Why haven’t you invested in Scotland’s blockchain sector yet? November 16, 2016 Can you hear it? That's the sound of the guys working on the chain. Blockchain to be precise. It's no longer a silent revolution in the UK financial world. It's moving fast. Really fast. In fact an amazing £634 per second fast. Or £70,000 by the time you've read this article. Scotland's rapidly-growing blockchain business is making a big noise in [...]
Lib Dem leader Tim Farron appeals to Labour voters: Back us or face another Tory majority September 20, 2016 Liberal Democrat leader Tim Farron has launched a direct appeal to Labour supporters, demanding they back his party or face more than 20 years of Conservative majority rule. In his keynote speech at the Lib Dem party conference in Brighton, Farron also warned that businesses were “funding their own funeral” by backing the Conservatives in [...]
Great expectations? Bank of America comfortably beats estimates for third quarter October 17, 2016 Shares in Bank of America nudged up in early trading today, after the lender reported earnings which sailed past expectations. The figures The US bank reported net income of $5bn (£4.1bn), up seven per cent from the prior year's $4.6bn. Meanwhile, earnings per share grew to $0.41, an increase of eight per cent from $0.38 and beating out [...]
The majority of banks plan to use blockchain in the next three years September 28, 2016 The majority of banks plan on using blockchain technology in the next three years, adopting it "dramatically faster than expected", but regulation was named as the biggest barrier by global institutions. Nearly two thirds expect to have blockchain solutions by 2019, while 15 per cent of the 200 banks surveyed by IBM and the Economist Intelligence Unit expect to have something up [...]
Morgan Stanley chief exec says the bank may have to move staff to the continent following Brexit vote July 20, 2016 Morgan Stanley's chief exec has said the bank will relocate some of its UK staff following the Brexit vote. James Gorman said today the UK's decision to depart from the EU likely meant the bank would need to set up a headquarters in continental Europe, which would mean some jobs would be shifted. However, Gorman [...]
Battle of the banks: did Bank of America, JP Morgan, Citi or Goldman Sachs do better? October 15, 2015 Goldman Sachs, Citigroup and Blackstone, the world's largest alternative asset manager, were the latest Wall Street giants to report their earnings had been hit as the markets have taken a tumble. Blackstone made a first loss for the first time since 2011. While Goldman saw trading revenue fall by a third. "We experienced lower levels [...]
The global financial crisis 10 years on: six charts that tell the story July 31, 2017 It is hard to believe but it is 10 years since the start of the global financial crisis. Triggered by a collapse in the US housing market it caused the deepest recession in living memory and the near-collapse of the financial system. Banks failed, government institutions were bailed out, stockmarkets crashed and countries had to [...]
Simples: Comparethemarket.com owner chooses banks to oversee stock meerkat float August 7, 2016 The owner of Comparethemarket.com has appointed two Wall Street banks to oversee its £2bn-plus London flotation plans. BGL Group is aiming to launch an initial public offering (IPO) in the first quarter of 2017, with JP Morgan and Morgan Stanley now working on the float. Read more: Meet the companies that have ignored London's EU [...]
Tech darling Misys said to be in line for a return to the stock exchange August 14, 2016 Misys remained tight-lipped amid talk over the weekend of a possible listing that would revoke memories of being the darling of the dotcom bubble in the 1990s. Now owned by American buyout firm Vista Equity Partners, the banking software developer is reported to be in line to raise £5.5bn from the listing. This would net its owners a bumper return [...]
Insulation firm Autins set for £26m Aim IPO August 22, 2016 Autins Group, a car insulation manufacturer that reduces noise from the engines of Bentleys and Range Rovers, will begin trading on London’s junior Alternative Investment Market (Aim) today. Autins has raised £26.6m through a placing of new and existing shares, giving the group a market capitalisation of around £37.1m. The group plans to use the [...]