ATM inventor dies after illness May 20, 2010 JOHN SHEPHERD-BARON, the man who invented the ATM machine, has died at the age of 84. He initially came up with the idea for the cash machine in 1965 and while at De La Rue Instruments, he installed the first ATM machine at a Barclays bank in Enfield in 1967.
Deutsche’s Jain tops EU power list July 11, 2010 DEUTSCHE Bank’s investment banking chief Anshu Jain has topped a power list of the 100 most influential people in European financial markets. Jain was named by Financial News as the most powerful financial individual in Europe, beating his own boss – Deutsche’s chief executive Josef Ackermann – into sixth place. This year’s list contains a [...]
Rock falls into the red but its bad arm heals August 3, 2010 NORTHERN ROCK’S boss insisted there was no timetable for returning the bailed-out bank to private ownership yesterday as it slumped to a £142.6m loss in the first half. Chief executive Gary Hoffman said there was no deadline for a sale of the “good” part of Northern Rock, which holds savings accounts and lends new mortgages, [...]
THE BANK TAX EXPLAINED June 22, 2010 Q.WHICH INSTITUTIONS WILL THE TAX APPLY TO? A.The levy will be based on the balance sheets of UK?banks and building societies, the UK branches of foreign banks and the foreign branches of UK banks. For example, Société Générale’s operation in London will be hit the same as Barclays Capital’s unit in Paris. Q.WHY IS THE [...]
THE BANK TAX EXPLAINED June 22, 2010 Q.WHICH INSTITUTIONS WILL THE TAX APPLY TO? A.The levy will be based on the balance sheets of UK?banks and building societies, the UK branches of foreign banks and the foreign branches of UK banks. For example, Société Générale’s operation in London will be hit the same as Barclays Capital’s unit in Paris. Q.WHY IS THE [...]
M4 money supply feels QE effect June 29, 2010 THE supply of money in the UK grew at its fastest rate since the fourth quarter of 2007 in the three months to May as the impact of the Bank of England’s quantitative easing policy starts to be felt, data issued by the central bank showed yesterday. The Bank reported that the three-month annualised growth [...]
Europe’s banks are at a crossroads after tests July 26, 2010 IF THE results of European bank stress tests were designed to draw a line under fears about the robustness of the system, then they failed miserably. The tests conducted on 91 banks across Europe were met with a hefty dose of scepticism from the investment community after only seven banks failed and the combined funding [...]
CITY VIEWS: WHAT DO YOU THINK WILL HAPPEN TO TAKE HOME PAY THIS YEAR? June 3, 2010 DAVID HAYES | WILLIS “Pay will basically remain stable. Some areas might see an increase and certain sectors will see a reduction. A lot of companies are looking to keep costs down to avoid having to cut staff numbers, which means a freeze on pay.” HUGH MASTIN | BARCLAYS GLOBAL INVESTMENT “Take home pay has [...]
CITY VIEWS: WHAT DO YOU THINK WILL HAPPEN TO TAKE HOME PAY THIS YEAR? June 3, 2010 DAVID HAYES | WILLIS “Pay will basically remain stable. Some areas might see an increase and certain sectors will see a reduction. A lot of companies are looking to keep costs down to avoid having to cut staff numbers, which means a freeze on pay.” HUGH MASTIN | BARCLAYS GLOBAL INVESTMENT “Take home pay has [...]
TRADERS SEX UP THE DULL WORLD OF FOREX August 23, 2010 THE THINGS that bored traders get up to when they get a minute, eh? The Capitalist chances upon an, err, enterprising website set up by a pair of forex traders, who claim to have cracked the conundrum of how to dispense a barrage of information to their peers while simultaneously holding their interest – by [...]