Finance news - UK & global economic news

Finance

UK debt bubble: Borrowing for new cars, holidays and other consumer items highest since a decade

Burgeoning UK consumer credit should raise 'red flags' for lenders

New report says recent double-digit annual growth rate in lending would be unsustainable if it continued at the same pace.

Oct 30, 2017

By Gaurav Sharma

Bank of England

End of eurozone quantitative easing 'in sight' despite dovish European Central Bank stance

The central bank's announcement – that it will extend asset purchase programme until next year – does not signal indefinite extension, says ratings agency.

Oct 30, 2017

By Gaurav Sharma

Norton Rose Fulbright advises AIG and Standard Chartered on blockchain-enabled trade finance platform

TradeIX and AIG partnered to enable trade finance transactions for companies, using the blockchain-enabled platform provided by TradeIX.

Oct 11, 2017

By Ian Allison

Ethereum Bitcoin

Six steps for preparing to raise finance for your business

Clive Hyman FCA is founder of Hyman Capital Services.

Oct 2, 2017

By Clive Hyman FCA

European Investment Bank boss does not want German finance minister's job

Werner Hoyer dismisses media speculation he wants to step into veteran Wolfgang Schaeuble's shoes.

Sep 29, 2017

By Associated Press

German Elections 2017

The sign of the Toys R Us store is seen in a Denver suburb March 15, 2011.

Toys R Us sales woes may have been sign of what was to come

The toys outlet, which runs around 1,600 stores, filed for Chapter 11 bankruptcy protection this month.

Sep 28, 2017

By Associated Press

Amazon

Brexit could favor London in the long run

Why EU-domiciled banks should consider moving operations to the UK

London has survived numerous economic and political events, therefore it is unlikely that Brexit will take its crown as a leading financial hub.

Sep 25, 2017

By Christopher Burke

Brexit London

\'Arabian Warren Buffett\' acquires huge stake in Saudi bank

Prince Alwaleed bin Talal to buy massive holding in Banque Saudi Fransi from Credit Agricole.

Sep 12, 2017

By Associated Press

Saudi Arabia

Deutsche Bank will turn to AI and cut jobs because staff already 'behave like robots'

Deutsche Bank chief John Cryan said a "big number" of staff could be slashed.

Sep 7, 2017

By Jason Murdock

$What Happened to Lehman Brothers\' Bankers?$

The global financial crisis and its decade-long shadow over UK savers and investors

There's a division between the 'haves' and 'have nots' courtesy of wage growth stagnation and erosion of spending power.

Sep 1, 2017

By Tom Stevenson

Bank of England

Boutique UK fintech firm Prodigy Finance raises $240m in funding

Company provides loans to international students from emerging markets with no alternative sources of finance.

Aug 21, 2017

By Gaurav Sharma

How Brexit and China are pushing up the price of your bacon butty

The economics behind the popular sandwich is more complicated than you think.

Aug 15, 2017

By Ian Silvera

European Union

Troubled Co-op Bank loses another 25,000 customers

Nearly £400m in savings withdrawn from beleaguered bank but it says operating losses have narrowed.

Aug 10, 2017

By Gaurav Sharma

Bank of England

HSBC and IBM develop cognitive intelligence solution to digitise global trade

IBM helps HSBC to automate processing of millions of documents used daily in international commerce.

Aug 10, 2017

By Ian Allison

HSBC

Is Scotland becoming the 'Northern Panama' of the offshore world?

Recent revelations suggest Scotland is effectively flaunting the system to attract dubious business from Eastern Europe, Martin Kenney writes.

Aug 7, 2017

By Martin Kenney

Scotland Panama Papers

As interest rates remain low, Britain needs to address the productivity gap

A decade on from the global financial crisis, the country's productivity trends are still alarming.

Aug 3, 2017

By Keith Burnett

UK unveils post-Brexit plan to cut funding for terror groups

New Sanctions Bill will allow ministers to impose sanctions after UK leaves the European Union in 2019.

Aug 2, 2017

By Karthick Arvinth

Brexit Islamic State

Pound spikes to 10-month high ahead of 'Super Thursday'

The British currency soars as traders look to Bank of England for market direction.

Jul 31, 2017

By Gaurav Sharma

Bank of England

Housing blues: UK mortgage lending plummets to nine-month low

Bank of England data points to a slowdown in both secured and unsecured lending.

Jul 31, 2017

By Gaurav Sharma

Bank of England

Banks urged to make 'fundamental changes' to overdraft charges

FCA chief executive Andrew Bailey calls for radical overhaul as 'status quo is not an option'.

Jul 31, 2017

By Dan Cancian

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