Category: Uncategorized

Rise in Personal Loans Dangerous, Bank of England Official Says

A sharp rise in personal loans could pose a danger to the UK economy, a Bank of England official has warned. Outstanding car loans, credit card balance transfers and personal loans have increased by 10% over the past year, the Bank’s...

Record Number of Advisers Quit London’s AIM Market, Study Finds

Companies leaving London’s junior stock market because a broker or investment bank has quit as their adviser has hit a record this year, an accountancy firm specialising in the sector said. Fourteen companies left London’s Alternative Investment Market (AIM) .FTAI in the year...

Here’s What Drove Visa’s Spectacular Quarter

Visa posted spectacular growth virtually across the board in Q2 2017. Visa’s profits surged to $2.1 billion, which was stronger-than-expected growth because of expenses in Q2 2016 associated with the Visa Europe acquisition. But other, more meaningful segments are also growing quickly —...

Unemployment in The UK Is Now So Low It’s In Danger of Exposing The Lie Used to Create The Numbers

Government statistics put unemployment in Britain at just 4.5% — a record low not seen since the 1970s. But the real rate of unemployment is four times that. We walk you through the evidence that shows why official unemployment numbers are so...

The 5 Top Level Insights on Customer Experiences in Financial Services

Mike Hakkens, Associate Partner at WATC Consulting AG, chaired the annual Customer Experiences in Financial Services Conference in London on the 22nd of June this year. Here he shares the results of his 2017 Industry Pulse Check and key impressions of...

How Can Banks Be Truly Omnichannel?

The banking industry, perhaps more than any other, has seen the most change from the digital revolution of the past decade. Traditionally, in-branch visits were the first port of call for customer when it came to managing and discussing their...

JPMorgan Proves Wall Street Bank Profits Don’t Depend on Traders

Lender had record second-quarter earnings on higher rates Trading revenue dropped 14%, casting doubt on year-long rally Jamie Dimon proved JPMorgan Chase & Co. doesn’t just rely on traders for profits. The bank earned $26.5 billion over the past 12 months, the most ever by...

DELOITTE: UK Finance Chiefs Have Never Been More Sceptical About Brexit

LONDON — More UK chief financial officers (CFOs) think that Brexit will leave the country’s business environment worse off than at any point since the referendum, according to a survey by accounting firm Deloitte. Only 8% of CFOs surveyed said Brexit would...

The Ripple Effect? Reading the Runes After Trump’s First 100 Days in Office

Now that President Trump has passed the 100-day mark of his term in office, how are investors taking stock of the new administration, particularly given the hype and speculation that surrounded his election? Phil Seefried, Co-Founder and CEO of US...

The UK Financial Sector Could be £43 Billion Stronger After Brexit with City ‘Roadmap’

LONDON — A lobby group for the UK finance industry claims the sector could add £43 billion to the UK economy by 2025 if industry, regulators, and the government pull together to work on a “roadmap for change.” PricewaterhouseCoopers (PwC) and...