Budget will hurt UK wage growth, Goldman Sachs warns Economics UK consumer spending is set to slump next year and dent UK growth, analysts at Goldman Sachs have warned, as the impact of the Budget ripples through the economy. The rise to employers’ national insurance (NI) contributions will lead to slower wage growth for staff and higher costs for consumers, the investment bank wrote in [...]
Budget tax hike could destroy 100,000 jobs, Deutsche Bank estimates Economics The hike to employers' national insurance in last month's Budget could end up costing the economy over 100,000 jobs, according to research from Deutsche Bank.
Europe’s banks brace for tougher competition under Trump 2.0 Banking Since early 2010, European banking shares have fallen ten per cent, while US lenders have more than tripled.
Bank of England to cut interest rates to 2.75 per cent, Goldman predicts October 21, 2024 The US investment bank argued that Bank Rate would fall to as low as 2.75 per cent by November next year, whereas it had previously expected the terminal rate to be three per cent.
Cavendish slides to loss despite consistent growth July 15, 2024 One of the City's newest investment banks has slashed its dividend after sliding into the red despite rapid growth. Cavendish raked in £48m in revenue in the year ended March 31, up nearly fifty per cent on the previous year.
Deutsche Bank starts cutting jobs at Numis after merger July 4, 2024 Deutsche Bank has started cutting jobs at Numis after the German giant acquired the City-based investment bank for £410m last October.
Buy-now pay-later firm Zilch raises £100m debt ahead of hotly-anticipated public listing June 19, 2024 London fintech Zilch has raised £100m in securitised debt financing in a deal arranged by Deutsche Bank ahead of a hotly-anticipated public listing.
If you look past the headlines London is charging ahead May 20, 2024 While the headlines are dominated by a steady trickle of takeovers stripping the London Stock Exchange, money is flooding into the capital elsewhere.
Russian court seizes assets from UniCredit, Deutsche Bank and Commerzbank May 18, 2024 A Russian court has ordered that Deutsche Bank's and Commerzbank's assets, accounts, property and shares be seized in Russia as part of a lawsuit involving the German banks, court documents showed.
The UK economy suffers from low levels of investment? That’s just not true says Deutsche Bank May 18, 2024 Deutsche Bank point out that aggregate investment growth since the financial crisis is second only to the US among G7 economies.