London small business boss blasts Barclays over coronavirus loan scheme May 5, 2020 Small businesses are at risk of collapse due to stringent eligibility rules for emergency coronavirus loans, the boss of a London marketing agency rejected for a loan has warned. Richard Cox, co-founder of The Village Communications, accused banks of a “complete lack of interest” in helping small firms that were struggling to stay afloat during [...]
City chief execs need to be able to face the music no matter what November 1, 2023 The sign of a strong chief executive is the ability to communicate during the bad times as well as the good. My view has always been that if you want to be the leader of a company, taking home the paycheck that comes with it, you should be expected to step forward and be accountable [...]
Here are the top banks most impacted by fraud — and worst at reimbursing their customers October 31, 2023 APP scams, which involve the victim making the payment themselves, accounted for 40 per cent of fraud losses in 2022.
US lawsuit alleges Jes Staley saw Jeffrey Epstein abuse young women – report January 18, 2023 A US lawsuit filed today has accused former head of Barclays Jes Staley of “personally observ[ing] the sexual abuse of young women” by Jeffrey Epstein. Staley is named in a lawsuit filed by one of Epstein’s victims, known as Jane Doe 1, who is suing JP Morgan for allegedly facilitating her sexual abuse. Staley was [...]
Women’s Super League revenues grow by 60 per cent as teams head for sustainability June 12, 2023 Women’s Super League clubs are on a path to sustainability after growing revenues by 60 per cent in a year. WSL teams’ collective income swelled from £20m to £32m in 2021-22, according to analysis by Deloitte published today. And it is expected to have enjoyed another substantial uplift this season as WSL attendances grew by [...]
Mortgage rates war: As sub-four deals appear on the market, how low will they go? January 27, 2024 Britain's mortgage price war has shown signs of slowing as macroeconomic uncertainty casts doubt on the outlook for interest rate cuts and a wider rebound.
Netflix and starve: Cash strapped Brits cut back on groceries and spend more on TV subscriptions April 11, 2023 Cash strapped Brits have cut back on grocery shopping and dining out last month, but spent more on streaming services services Netflix. Consumer card spending grew just 4.0 per cent year-on-year in March, less than half of the latest inflation rate of 9.2 per cent, as the cost of living crisis drives consumers to cut [...]
Explainer: An overhaul of cancer targets causes split between doctors August 14, 2023 Today NHS England announced proposals for new cancer targets following a consultation that began last year. The proposals include significant changes, like abolishing around two-thirds of the targets and changing others in a major overhaul of the cancer diagnostics and treatment system. The NHS says the new system, with fewer targets, will be easier for [...]
Open banking should expand ‘systematically’ as fintech criticises ‘data protectionism’ of big banks August 14, 2023 Regulators should expand open banking rules “systematically” in order to save customers thousands of pounds across a variety of different financial products, experts told City AM. With stakeholders consulting on the next stages of open banking, many in the sector have suggested regulators need to be bold in expanding data sharing rules into new financial [...]
Relief for mortgage prisoners: Six banks to begin lending on flats with unsafe cladding December 20, 2022 A handful of the country’s biggest banks will consider mortgage applications for some flats with dangerous cladding from January, in a sigh of relief for people trapped in unsellable properties. Lenders withdrew mortgage provisions for unsafe flats following the Grenfell Tower disaster, when 72 people were killed in a fire at a high-rise block in [...]