Treasury launches new scheme to help small businesses secure financing November 1, 2016 A new government scheme to help small businesses turned down for loans find alternative means of finance launches today. Under the Treasury's bank referral scheme, RBS, Lloyds, HSBC, Barclays, Santander, Clydesdale and Yorkshire Bank, Bank of Ireland, Danske Bank and First Trust Bank will be obliged to offer to pass on details of businesses they are declining [...]
Standard Chartered poaches Simon Cooper from HSBC to run Corporate and Institutional Banking business December 17, 2015 Standard Chartered has hired a top executive from HSBC to run its corporate and institutional banking (CIB) business. The Asia-focused bank said this morning that Simon Cooper would join the group in April of next year as CIB chief executive. Cooper's appointment is just the latest step for Standard Chartered in executing the new turnaround strategy it [...]
Got £40m? You could buy Liverpool’s iconic Liver Building October 17, 2016 Liverpool's Royal Liver Building is up for sale and is expected to attract buyers offering more than £40m for the landmark and its Liver Birds. The Grade I listed property is being sold by Royal London Mutual Insurance Society. It is the first time it has been on the market since it was first opened in [...]
The year of the stock picker: Which value shares look underpriced in 2017? January 24, 2017 We've heard it before. When there is greater volatility and more dispersion in the market, canny investors should be able to beat the index. The great rotation in equities which markets are anticipating due to looser fiscal policy and higher interest rates under Donald Trump is filling active managers with optimism that they can use [...]
Thinking of switching to Co-op Bank? Here’s why you should move quick November 9, 2016 Those weighing up their options for a new current account might want to make their move before the end of this week. Co-op Bank's £150 bonus for those switching to one of its current accounts is ending on Friday. The bank started offering the sweetener six months ago, and, since then, current account sales have rocketed [...]
Meet the 18 companies joining the FCA’s regulatory sandbox November 7, 2016 The UK's foward-thinking financial regulator has chosen 18 companies to participate in its so-called regulatory sandbox, where they will be able to test out new technologies without breaching rules. Launched over the summer, the sandbox is designed to foster fintech innovation while remaining under the supervisory eye of the City watchdog, the Financial Conduct Authority. Read more: [...]
Job interview questions from the City’s toughest banks including Barclays, HSBC, RBS, Lloyds, Morgan Stanley, JPMorgan and Goldman Sachs January 19, 2016 There's nothing worse than going into a job interview without quite knowing what you're in for. And given that City institutions are notoriously tough on their interviewees, going for a chat at City banks is particularly nerve-wracking. But worry no more: careers website Glassdoor.com has listed some of the toughest questions its interviewers asked potential employees. [...]
Brent and WTI crude prices: HSBC chief executive Stuart Gulliver predicts oil will settle between $25 and $40 in a year’s time January 18, 2016 HSBC chief executive Stuart Gulliver expects oil to settle between $25 and $40 in on year's time, he said today. Responding to a question about where the prices will be this time next year at the annual Asia Financial Forum in Hong Kong, Gulliver said: "Major producers are currently delivering 2m-2.5m barrels per day more than demand, so [...]
HSBC and Citibank are struggling to meet new regulations on banks based outside of the European Economic Area December 14, 2015 High street banks in the UK that are based outside of the European Economic Area are rushing to comply with new regulations that could leave senior bankers based abroad to be held accountable for failings in branches. From March 2016 managers at banks such as Citibank based in the US could be made to be [...]
Government to ditch £15.7bn worth of Bradford and Bingley mortgage assets October 25, 2016 The government confirmed today it has kicked off the process of selling £15.7bn worth of Bradford and Bingley mortgage assets. The sale, which will be conducted by UK Asset Resolution Limited (UKAR), will allow Bradford and Bingley to repay money it owes to the Financial Services Compensation Scheme, which will, in turn, repay a corresponding loan to the Treasury. [...]