Category: Uncategorized

Bankers Still Don’t Trust The Cryptocurrencies

Earlier on Tuesday, at different conferences around New York, JPMorgan Chase chief executive Jamie Dimon took aim at bitcoin, calling the cryptocurrency “a fraud” and “worse than tulip bulbs.” This skepticism by one of Wall Street’s titans, and its reflection in many...

New £10 Note: Look Out for Special Serial Numbers

A new £10 polymer banknote is set to be released to the public’s purses on Thursday, but experts are encouraging shoppers to look out for notes with special serial numbers which could end up being collector’s items. Commemorative currency experts, Change Checker, said that notes...

London Is Still World’s Top Financial Centre Despite Brexit

Frankfurt and Dublin move up index as New York falls amid uncertainty over Donald Trump’s views on free trade London has retained its position as the world’s top financial centre despite fears that the City will become less attractive for financiers...

Lloyd’s of London Could Pay £150 Billion in Damages After Hurricanes Irma And Harvey

LONDON — Damage caused by Hurricanes Irma and Harvey, and the forthcoming Jose, could cost Lloyd’s of London insurers £150 billion ($200 billion). Lloyd’s of London is a specialist insurance market where firms broker deals for the bulk of global insurance schemes relating...

The Bank of England’s Rates Are Not Going to Stay This Low Forever

LONDON — The Bank of England may be preparing to warn both investors and regular Brits that they cannot expect interest rates to stay as low as they are forever and that further rises in inflation in the coming months...

Money.co.uk Bought by Zoopla Owners in A £140 Million Deal

Money.co.uk generated £24.7m in revenues in the year ending October 2016  ZPG’s shares rose by 14. 3p to 368.90 during morning trading today One of the UK’s leading financial services comparison websites, Money.co.uk, has been bought for £140million by the owners of...

Three Reasons Why Your Business Should Accept Bitcoin

In case you have not heard yet, there is a fairly new type of currency that has been gaining popularity – Bitcoin. Invented in 2009, Bitcoin is a cryptocurrency that relies on a technology system called blockchain, which keeps your...

Banks And Fintech Startups Are Changing Finance

For years, traditional financial institutions have kept their distance from the fintech industry, loath to embrace the trend that is threatening their monopoly over banking, finance, loans and investment. But as financial technologies continue to expand, legacy players have come to accept...

London FinTech Conference With Live Startup Crownfunding

A major FinTech conference coming to London this October is to provide delegates with the opportunity to invest directly from the conference floor as part of its grand pitching final. LendIt Europe, which claims to be Europe’s largest FinTech conference series,...

HSBC and Barclays Are Creating a New Cryptocurrency Designed Only for Banks

Several of the world’s largest banks have today revealed a series of steps to advance a project aimed at making it easier for central banks to issue currencies on a blockchain. Called Utility Settlement Coin (USC), the project is designed to...