There is increasing evidence that standalone automated financial advisors, or robo-advisors, will not attract affluent investors on their own, but can provide a competitive edge if included by traditional wealth managers.
The FBI has issued a warning to banks of a coordinated ATM cybercrime campaign that could see the withdrawal of millions in cash from ATMs around the world.
The mean pay of FTSE 100 CEOs increased by 23% between 2016 and 2017, according to research conducted by the CIPD and the High Pay Centre.
Good morning, here’s your Friday morning briefing to set you up for the day ahead.
IBM and market infrastructure group CLS are to collaborate on blockchain-based platform LedgerConnect, that will enable financial institutions and software vendors to share and consume apps and services on a shared distributed ledger network.
The UK tax burden is the highest it has been for 49 years, according to a recent report.
Investment bank Goldman Sachs has confirmed that David Solomon, otherwise known as DJ D-Sol, will replace departing Chief Executive Officer Lloyd Blankfein once he steps down at the end of the year.
By now, Monzo is nothing new, with its luminous coral bank cards a common feature of many wallets.
The chairman and co-founder of Chinese conglomerate HNA Group, Wang Jian, died in a fall yesterday during a business trip in Southern France, raising questions about the future of the investment behemoth.
Financial trade body UK Finance has reported that credit and debit card spending overtook cash payments in the country last year for the first time ever.
Clydesdale and Yorkshire Bank (CYBG) has agreed a £1.7bn deal to purchase Virgin Money, the Virgin Group’s financial services brand.
The world’s leading 25 private wealth managers saw their assets under management increase by 14% in 2017, in what was a very good year for the wealth management industry.
The Deutsche Bank annual general meeting (AGM) of 4,500 shareholders took place in Frankfurt yesterday, just hours after the bank revealed it was axing at least 7,000 jobs worldwide as the organisation works to scale back its global investment bank.
Deutsche Bank is cutting around 7,000 jobs, with hundreds of staff in London expected to be affected.
Many of the newly appointed data protection officers (DPOs) appointed by businesses in order to comply with GDPR are not fit for purpose, a leading data protection lawyer has warned.
PayPal has bought mobile payment company iZettle for a whopping $2.2 billion — taking the company a step closer to becoming a fully fledged bank.
A report by British lawmakers into the construction and outsourcing giant Carillion collapse has suggested the big four accountancy firms — KPMG, PwC, Deloitte and EY — should be broken up.
Last year, the Church of England made headlines with a record return on investment, but this year’s numbers aren’t quite so holy.
UK regulators have fined Barclays Bank chief executive Jes Staley an eye-watering £650,000 ($881,000) for attempting to unmask a whistleblower in 2016.
The RBS share price has climbed at the London market open after news broke last night the bank — still majority owned by the British taxpayer — will pay $4.9 billion to the US Department of Justice (DoJ) to resolve a long-running probe.
Shares in retail bank Virgin Money leapt 7.7% as the UK stock market opened on Tuesday morning.
The HSBC share price has dipped after the London-based global banking giant posted a surprise fall in pre-tax profits for the first three months of the year, which the bank’s blamed on higher costs.
A radical plan to overhaul Switzerland’s financial sector looks set for failure, the first opinion poll on June’s Swiss referendum has shown.
The Commonwealth Bank of Australia (CBA) has lost the records for almost 20 million accounts and failed to inform its customers, the bank confirmed today.
Despite ten days of turmoil, banking chief Paul Pester admits that he doesn’t yet know how many customers have left because of TSB’s online meltdown.
UK challenger banks Santander, Metro Bank, Clydesdale Bank, Starling and TSB are all pitching for a share of the Royal Bank of Scotland (RBS) alternative remedies package.
The Standard Chartered share price has fallen despite the bank posting a better-than-expected 20% rise in pretax profit for the first three months of the year.
It’s been a week of chaos for TSB after a computer glitch left up to half of the bank’s customers unable to access their online accounts.
The chief executive of UK bank TSB, which has been struggling under an online service outage since Sunday, has said his customers should be able to use TSB’s website and app again.
The Metro Bank share price rose this morning ahead of a high-stakes shareholder meeting where at least one top investor is planning to vote against the reappointment of the bank’s founding chairman, Vernon Hill.