London gym chain Frame talks fitness, health, wellbeing, and babies April 29, 2019 Fitness is big business. There are over 7,000 gyms in the UK, and the market is worth almost £5bn, with around one in seven people paying gym membership fees. The sector has swelled thanks to the health and wellbeing trend which has grown in importance over the last decade, but also because of the huge [...]
Standard Chartered looks to win over investors with $1bn share buyback April 21, 2019 Standard Chartered is set to launch a $1bn (£770m) share buyback scheme in a bid to win back trust from embattled investors. Analysts have said the London-headquartered bank, which is focused on Asian markets, is preparing to buy back shares for the first time in a generation. Read more: Standard Chartered settles Iran sanctions probe for [...]
City watchdog hands out second largest ever money laundering fine as Standard Chartered pays $1.1bn to settle transatlantic probe April 9, 2019 The City watchdog has dished out its second largest anti-money laundering fine as part of a transatlantic probe into Standard Chartered. The bank has agreed to pay a total of $1.1bn (£842m) to settle with US authorities and the UK’s Financial Conduct Authority (FCA) over claims it breached sanctions against Iran. Read more: Standard Chartered [...]
City watchdog hands out second largest ever money laundering fine as Standard Chartered pays $1.1bn to settle transatlantic probe April 9, 2019 The City watchdog has dished out its second largest anti-money laundering fine as part of a transatlantic probe into Standard Chartered. The bank has agreed to pay a total of $1.1bn (£842m) to settle with US authorities and the UK’s Financial Conduct Authority (FCA) over claims it breached sanctions against Iran. Read more: Standard Chartered [...]
Lloyds Bank stars as FTSE 100 rockets in Q1 April 9, 2019 By Graeme Evans from interactive investor. After a great first quarter for stock markets, we assess the best and worst blue-chips of 2019 so far. It’s been a storming start to 2019 for the FTSE 100 index, with popular interactive investor stocks including Lloyds Banking Group (LSE:LLOY), Next (LSE:NXT) and Tesco (LSE:TSCO) among those on [...]
Standard Chartered prepares for potential $1bn sanctions penalty April 8, 2019 Standard Chartered is expected to cough up more than $1bn (£770m) as it settles with US authorities over sanctions-busting claims. The payment could be agreed as early as tomorrow morning, sources told Reuters. Read more: Standard Chartered to build new virtual bank in Hong Kong It would be the culmination of a years-long investigation into [...]
If Brexit has taught us anything, it’s that we need to be bold when it comes to world trade April 8, 2019 A little over two years ago, the first direct rail freight service from China to the UK rolled into Barking’s 165-year old station to much fanfare. Of course, the completion of this mammoth 18-day, 7,500-mile trip from the Chinese city of Yiwu marked the moment that the Belt and Road Initiative (BRI) reached the UK. [...]
Fintech Opengamma secures $10m funding led by London investor Dawn Capital April 3, 2019 Derivative analytics platform Opengamma has secured $10m (£7.6m) in funding led by London early stage investor Dawn Capital. The funding will allow Opengamma, which has doubled the size of its workforce and customer base over the last 12 months, to expand its teams in London, New York and Singapore and launch new products in the collateral [...]
Tory backbencher Jacob Rees-Mogg defends quoting ‘overtly racist’ far-right German party April 1, 2019 Conservative backbench MP Jacob Rees-Mogg has defended a tweet in which he quoted the leader of a German far-right party Alternative für Deutschland (AfD). The outspoken Brexit supporter said he did not support the party’s views but maintained the opinions put forward were of “real importance”. Read more: Standard Chartered fires banker with links to [...]
Standard Chartered to build new virtual bank in Hong Kong in fintech drive March 28, 2019 Standard Chartered will head up a new virtual bank in Hong Kong after being granted a licence by the region’s regulator. The London-headquartered bank will lead a joint venture with IT firm PCCW, telecoms company HKT and online travel company Ctrip Finance to build a standalone digital retail bank. Shares in the bank, which will [...]