HSBC director fears impact of jail threat on bank leadership November 30, 2014 Two top directors at HSBC are concerned that non-executives are being given too much work under new regulations, and face greater punishments – including the threat of jail – if anything goes wrong, a letter from the bank’s chairman showed yesterday. Alan Thomson left the board at the end of October. According to chairman Douglas [...]
At the close: FTSE 100 dragged down by mining stocks October 19, 2015 The FTSE 100 closed lower today after mining stocks were badly hit by weak economic data from China. The index closed 0.4 per cent down at 6,352 points, led lower by mining company Anglo American which dropped by 7.37 per cent. Earlier today data from China outperformed analysts' expectations with gross domestic product growing at 6.9 per cent, but still [...]
These are the seven emerging market funds that are actually performing well after Black Monday October 14, 2015 Emerging market funds were pummelled hard by Black Monday. But not quite all of them. There are seven emerging markets funds with returns in the double-digits despite the great fall of China and the shockwaves that hit global markets after it. The top performer has been NFU Mutual’s Global Emerging Markets fund, according to data [...]
FTSE 100 index: Banks get some welcome relief from Visa cash – London Report November 3, 2015 The first trading day of November saw the FTSE 100 close flat as the news that Visa Europe is to be bought by US company Visa helped rally banking stocks. The FTSE 100 ended yesterday’s session flat, up just 0.01 per cent at 6,362 points. However, HSBC, which reported a jump in pre-tax profit to [...]
Odd Shares Awards nominees August 2, 2015 NOMINATIONS have just opened for this year’s annual Shares Awards, and some of the nominees may already raise a few eyebrows. Last month, customers were up in arms after several banks failed to sign on to mobile payment system Apple Pay, despite many believing that some, such as HSBC, were meant to be launch partners. [...]
New York and fuel trim FTSE – London Report October 2, 2015 UK SHARES outperformed their European counterparts yesterday as mining and oil and gas companies rose, although weakness on Wall Street trimmed the gains. The blue-chip FTSE 100 index closed just 10.86 points higher, up 0.2 per cent at 6,072.47 points, having been up by more than one per cent for most of the session. Mining [...]
The latest challenger is digital bank Tandem September 18, 2015 Digital bank Tandem is expected to join the ranks of challenger banks that are taking on bigger high street lenders next week. Tandem is set to be unveiled by tech investor and co-founder of digital money transfer service Azimo, Ricky Knox, the FT first reported. The challenger will have mobile and digital channels, as well as a [...]
At the close: FTSE 100 taken lower by Glencore and InterContinental Hotels Group November 9, 2015 The FTSE 100 ended Monday's trading session lower, taken down by utility and mining companies as well as InterContinental Hotels Group. The blue chip share index closed 0.92 per cent lower at 6,295. InterContinental Hotels Group, one of the world's largest hoteliers, saw its share price fall 4.83 per cent during the day to 2,640p per share, [...]
Where can I use Apple Pay in the UK? The A-Z of shops, restaurants and apps which will accept mobile payment with iPhone 6 and 6 Plus November 17, 2015 Apple launched its mobile payment service, Apple Pay, in the UK in its first mobile payment move beyond the US, capitalising on the boom in mobile and contactless payments among consumers. iPhone 6 and 6 Plus users can now pay with just the tap of a smartphone, or Apple Watch, across the high street and [...]
HSBC says bye-bye to Bitcoin hedge fund Global Advisors December 1, 2014 HSBC will no longer work with the first regulated Bitcoin investment fund amid concerns about "money laundering risk". Hedge fund Global Advisors (GA), which is based on the island of Jersey, told the BBC that the British bank had ended the working relationship. Daniel Masters, founder of GA, said that the move will jeopardise plans to [...]