Staley and Epstein exchanged 1,200 emails that included mysterious phrases November 12, 2021 Former Barclays chief Jes Staley who left the bank to fight the findings of a probe into whether he lied about his relationship with Jeffrey Epstein exchanged 1,200 emails with the convicted sex offender. The content of the emails included seemingly codified phrases such as “snow white” which investigators were unable to decipher. The news [...]
Credit Suisse shares rebound following £44bn support from Swiss central bank as top shareholder slams ‘unwarranted’ sell off March 16, 2023 Credit Suisse’s shares rebounded over 20 per cent on Thursday morning as markets reacted positively to the embattled lender’s announcement that it will tap a CHF50bn (£44bn) liquidity line from the Swiss Central Bank. Credit Suisse’s shares jumped over 22 per cent in morning trading. The cost of insuring company bonds against default also dropped [...]
Moving Markets today: FTSE 100 in red to begin the year but oil rises January 3, 2024 Moving Markets Today: Asia Stocks Mirror Wall Street Decline, Apple at Seven-Week Low, Oil Prices Rise; Focus Shifts to Fed Minutes, U.S. Jobs Report, and Eurozone Inflation
Banking sell-off slows in Europe after SVB collapse as US lenders set for recovery March 14, 2023 The banking sell-off eased in Europe today while US regional banks are poised to rebound as investors continue to digest the implications of Silicon Valley Bank’s collapse. Fears of contagion sparked a brutal sell-off in Europe yesterday with the European Stoxx bank index falling 6.7 per cent. But Europe’s lenders have had a calmer day [...]
Tide turns against Ping An as HSBC’s pay outs convince investors, analysts, and boost the share price May 2, 2023 The tide seemed to turn against Ping An today as HSBC recorded bumper profits and a major shareholder rejected the Chinese insurer’s spin-off campaign.
Recession knife-edge: Consumer spending on credit at £1.3bn as house prices continue to slide May 2, 2023 Britain’s better than expected economic performance since the turn of the year is poised to have lured consumers into splashing the cash on their credit cards, new numbers out this week are tipped to show. Families are tipped by markets to have borrowed £1.3bn in March, which would signal spending in the UK is holding [...]
Deutsche Bank posts ninth successive quarterly profit as turnaround efforts yield gains October 26, 2022 ONE OF Europe’s biggest lender’s Deutsche Bank has notched its ninth successive quarterly profit, marking a big turnaround after years of being mired in scandal and losses. The German giant said today profits hit €1.12bn (£975m) in the three months to September, up from €194m (£167m) in the same period last year. Deutsche Bank’s profits [...]
Silicon Valley Bank UK: What we know (and what we don’t) on Sunday evening March 12, 2023 The Bank of England is set to put Silicon Valley Bank UK into insolvency as soon as this evening – with tech champions warning that the bank’s collapse could be an extinction-level event for a host of UK firms. This story has been updated as of Monday morning The bank’s accounts are effectively frozen, meaning [...]
Eight in ten London businesses plan to hire more staff next year with turnover to increase December 6, 2021 Entrepreneurs in the UK predict strong business growth of 37 per cent for next year, as new research highlights support that could help unlock further growth for early stage businesses. Fifty-eight per cent anticipate an increase in turnover in the next year, with the South West (72 per cent) the most optimistic region, followed by [...]
Are we genuinely staying ahead of the curve in FinTech by blatantly ignoring Bitcoin? April 28, 2023 Susie Violet Ward is dismayed at the amount of time, effort and money being put into CBDCs, and believes Bitcoin already holds the answers.