Breaking banks
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8 Nov
HSBC data breach: Consumer trust “becoming more fragile”
Cybersecurity experts have reacted to the recent HSBC data breach, warning that consumer trust is “becoming more fragile”.
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30 Oct
More than half of UK consumers are ready for biometric payment cards
More than half of UK consumers are ready to pay for items using biometric payment cards, according to research by digital security provider Gemalto.
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23 Oct
Biometrics to replace pin codes and passwords in banking by 2019
Biometrics will be used instead of passwords in banking as soon as 2019, says data and analytics company GlobalData, as banks step up efforts in the war against fraud.
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18 Oct
Authorised push payment fraud: UK authority announces service to combat payment scams
The UK’s leading retail payment authority Pay.UK has announced a new service that will provide significant added protection for online bank payments.
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5 Oct
“Oversized” finance sector has lost £4.5tn in potential growth: research
An “oversized” finance sector in the UK cost £4.5tn in lost growth potential between 1995 and 2015, says research from Sheffield University’s Political Economy Research Institute (SPERI).
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1 Oct
Tesco fined £16.4m for 2016 cyberattacks: How does GDPR apply?
Tesco has been fined £16.4m by the Financial Conduct Authority for failing to protect account holders at its bank against a cyberattack that happened in November 2016.
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1 Oct
SIA becomes Southeastern Europe card processing leader with First Data acquisition
Payment infrastructure technology company SIA has become the leading Central and Southeastern Europe card processing provider following the acquisition of First Data Corporation’s card processing business.
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27 Sep
Ken Clarke: Trump, trade war and Brexit all raise risks of new financial crisis
Experts from the UK government and the City have warned that another financial crisis will happen and is just a question of when and how bad it will be.
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10 Sep
Homeless homebuyer: The cyberattack taking people’s life savings
An emerging type of cybersecurity attack known as the homeless homebuyer is seeing would-be homeowners robbed of their life savings and their future home.
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16 Aug
Robo-advisors give traditional wealth managers an advantage
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.
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16 Aug
FBI warns of global ATM cybercrime spree
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.
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15 Aug
FTSE 100 CEO salary increases 23% as inflation squeezes worker pay
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.
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10 Aug
UK announces new GDP estimates / Former Malaysian PM gets court date / Ryanair pilots walk out over workplace rights
Good morning, here’s your Friday morning briefing to set you up for the day ahead.
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30 Jul
IBM and CLS announce blockchain platform LedgerConnect for financial institutions
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.
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23 Jul
UK tax burden highest in half a century: TPA report
The UK tax burden is the highest it has been for 49 years, according to a recent report.
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17 Jul
Who is David Solomon, otherwise known as DJ D-Sol, the new Goldman Sachs CEO?
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.
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13 Jul
Monzo executive: “Technology can help make money an enabler for everybody”
By now, Monzo is nothing new, with its luminous coral bank cards a common feature of many wallets.
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5 Jul
What does the death of Wang Jian mean for HNA?
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.
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20 Jun
UK smart banks thrive as plastic payments overtake cash spending
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.
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18 Jun
As Virgin Group sells Virgin Money, how much of the brand does it still actually own?
Clydesdale and Yorkshire Bank (CYBG) has agreed a £1.7bn deal to purchase Virgin Money, the Virgin Group’s financial services brand.
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7 Jun
These are the private wealth managers with the most assets under management
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.
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25 May
Six things we learnt from Deutsche Bank’s AGM
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.
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24 May
London to bear the brunt of massive Deutsche Bank job cuts
Deutsche Bank is cutting around 7,000 jobs, with hundreds of staff in London expected to be affected.
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22 May
Many so-called GDPR experts are not fit for purpose, warns data protection lawyer
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.
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18 May
PayPal takes another step towards becoming a bank with iZettle acquisition
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.
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16 May
Carillion collapse: Lawmakers suggest the UK’s big four accountancy firms be broken up
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.
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14 May
Church investments fall from grace
Last year, the Church of England made headlines with a record return on investment, but this year’s numbers aren’t quite so holy.
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11 May
Regulators slap hefty fine on Barclays’ Jes Staley over whistleblowing scandal
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.
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10 May
RBS hopes to draw line under 2008 financial crisis with $5 billion US settlement
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.
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8 May
CYBG’s £1.6bn Virgin Money takeover bid would create largest UK challenger bank
Shares in retail bank Virgin Money leapt 7.7% as the UK stock market opened on Tuesday morning.