Why the justice system is failing bankers March 5, 2014 YESTERDAY saw the latest example of how alleged misconduct in finance is being rigorously pursued. The Bank of England suspended a staff member and launched a formal investigation into allegations that officials condoned or were aware of forex market manipulation. A few weeks ago, three Barclays bankers were charged in relation to Libor. The FCA [...]
It’s time we put some X Factor into financial education in schools September 18, 2013 I DO not often cross paths with Gary Barlow, Nicole Scherzinger or Sharon Osbourne. I am told we move in different circles. This seemingly unusual point was brought home to me by new research showing that an 8 to 15-year old was twice as likely to be able to identify an X Factor judge as [...]
Entrepreneur accidentally donates $13,000 to fund doge-themed race car March 25, 2014 The founder of payments platform Moolah.io has suffered from something of a fat finger. Instead of donating 2m Dogecoin to the fundraiser “Doge4Nascar”, while hungover Alex Green managed to accidentally enter an extra zero, and ended up giving 20m Dogecoin ($13,200) to the cause. Writing on Reddit, he blamed his “silly keyboard”, but says that [...]
Entrepreneur accidentally donates $13,000 to fund doge-themed race car March 25, 2014 The founder of payments platform Moolah.io has suffered from something of a fat finger. Instead of donating 2m Dogecoin to the fundraiser "Doge4Nascar", while hungover Alex Green managed to accidentally enter an extra zero, and ended up giving 20m Dogecoin ($13,200) to the cause. Writing on Reddit, he blamed his "silly keyboard", but says that [...]
Regulator agrees redress of up to £1.3bn for mis-sold insurance products August 22, 2013 Regulator the Financial Conduct Authority (FCA) has reached an agreement with several firms to provide redress to consumers mis-sold Card Protection Plan's (CPP) Card Protection and Identity Protection policies. This follows the mis-selling of 23 million policies to seven million customers. Those customers will now receive a letter from CPP explaining the process with a [...]
UK consumer confidence hits 39 month high in July July 30, 2013 UK consumer confidence has hit its highest level since April 2010, according to the GfK NOP index which rose by five points in July. Nick Moon, managing director of Social Research at GfK, comments: There is now no doubt that consumer confidence has recovered strongly from the unparalleled trough of the last five years. At [...]
Budget 2014 showed promise: But it lacked beef for entrepreneurs to really get their teeth into March 23, 2014 YOU CAN’T please all of the people all of the time, particularly if you’re the chancellor of the Exchequer. Even if George Osborne had promised last Wednesday to personally traipse the length and breadth of the country handing out free candyfloss, an obesity pressure group of some sort would have released a statement condemning him. [...]
Deficit down as UK’s recovery surges ahead March 19, 2014 BORROWING is falling faster than expected as the economic recovery picks up, the spending watchdog said yesterday, predicting the budget will be in surplus in 2018-19, Economic growth will accelerate to 2.7 per cent this year, up from 1.8 per cent in 2013, the Office for Budget Responsibility (OBR) said. The OBR also upgraded its [...]
Budget 2014: What to watch out for today March 18, 2014 WHO: GEORGE OSBORNEWHEN: 12.30PM TODAYWHERE: HOUSE OF COMMONS WHAT WE ALREADY KNOWA facelift for the pound coinOsborne will announce plans to give the £1 coin a facelift in his Budget today. This will see a new two-coloured 12-sided coin introduced in 2017 after a consultation. Help to buy extended to 2020The equity loan scheme set up to [...]
Treasury to launch boardroom search for Whitehall finance job December 15, 2013 THE TREASURY plans to launch a search today for a newly created position to help oversee public finances at Whitehall. Chief Treasury secretary Danny Alexander is expected to announce the new senior role today alongside the release of the results of a financial management review across Whitehall, a person familiar with the situation confirmed. The [...]