Millions of banking app users exposed to security flaw: HSBC, NatWest, Monzo, Santander, Starling and Virgin Money customers all affected January 12, 2022 Millions of Brits who use online banking services are exposed to some worrying fraud risks, industry experts warned today. Following an investigation by security experts 6point6, testing the online and mobile app security of 15 major current account providers on a range of criteria, including encryption and protection, login, and account management and navigation, consumer [...]
Fears over looming coronavirus job losses in UK manufacturing sector July 1, 2020 The UK manufacturing sector could be facing a huge wave of job losses as government support for businesses hit by the coronavirus pandemic comes to an end, economists warned. Although factory activity in the UK grew by the slimmest of margins in June, the IHS Markit/Cips manufacturing purchasing managers’ index (PMI) showed, the survey painted [...]
Noel Edmonds launches legal case against Lloyds Banking Group as he enters the I’m A Celebrity jungle November 22, 2018 Former Crinkley Bottom resident and Deal or No Deal supremo Noel Edmonds is set to take his fight with Lloyds Bank into the Australian jungle. Edmonds is set to use his I’m A Celebrity TV platform to blast the bank, which he blames for the failure of his business. His lawyer, Jonathan Coad of Keystone [...]
Credit Suisse executive with links to Greensill steps down after 30 years December 20, 2021 Eric Varvel, the Credit Suisse executive who previously ran the bank’s $500bn asset management unit with ties to Greensill, is stepping down after three decades at the Swiss group. Varvel, who was most recently chair of Credit Suisse’s investment bank and head of its US holding company, had contemplated leaving the bank partly due to [...]
Antonio Horta-Osorio gives Credit Suisse prime broking the chop after $5bn losses November 4, 2021 Horta-Osorio, who joined Credit Suisse from Lloyds in April, has revealed sweeping plans to restructure the beleaguered lender and dramatically pare back its investment bank activities after it suffered multibillion losses this year. Under the new strategy announced today, Credit Suisse will rein in its investment bank and focus on its wealth management division, in [...]
Lenders left out of pocket by millions amid alleged fraud at broadcaster January 7, 2022 An alleged fraud at collapsed Arena Television has left some 50 lenders, including HSBC, millions out of pocket. The broadcasting company is suspected of concocting thousands of fake assets, in order to score nearly £300m in loans, The Times first reported. Banks, such as NatWest-owned Lombard, Shawbrook, ABN Amro and Lloyds, have also reportedly been [...]
Global deal making frenzy lifts Barclays profits to record high October 21, 2021 Barlcays has ridden the wave of a booming global deal making frenzy to post its strongest ever third quarter results. The UK banking behemoth registered a pre-tax profit of £6.9bn in the year to the end of September, its best take ever. The standout performance was driven by Barclays’ investment banking division posting its best [...]
Crypto AM shines its Spotlight on Coinrule December 7, 2020 Coinrule is a beginner-friendly and safe trading platform enabling you to send automated trading instructions to your favourite exchanges such as Binance, Kraken and Coinbase. Its intuitive interface gives you the tools you need to compete with professional ‘Algorithmic’ Traders and Hedge Funds. Today, up to 90% of markets are managed by ‘bots’, run by [...]
London markets climb as airlines take off February 7, 2022 London markets posted a strong start to the week yesterday, led higher by airlines taking off. The capital’s premier FTSE 100 index closed 0.76 per cent higher at 7,573.47 points, while the domestically-focused FTSE 250 index, which is more aligned with the health of the UK economy, added 0.39 per cent to reach 21,797.29 points. [...]
The City View: Robert Walters on the ‘perfect storm’ hitting the jobs market June 15, 2020 In this episode, Christian talks to Robert Walters, founder and CEO of Robert Walters, the London-listed global recruitment giant, about how the pandemic and lockdown has affected his business and what it means for professional recruitment in the months ahead. Robert is highly critical of the government’s messaging around easing the lockdown measures and offers a [...]