Tag Archives: financial services

Vitality Life Insurance Review – Forbes Advisor UK

Who are Vitality? Founded in 1997, the Vitality brand offers life, health and auto insurance policies, as well as investment products. Vitality is based in London with offices in Bournemouth, Croydon and Stockport. It is a subsidiary of the multinational financial services organization Discovery Limited, which operates in 30 countries …

Read More »

New sanctions issued against Russia and Belarus by EU and UK | Pillsbury – Global Trade Law and Sanctions

The EU and UK have imposed additional export controls and sanctions on Russia and Belarus linked to the Russian invasion of Ukraine. Below is a summary of the main developments in recent days since our last blog post on EU and UK developments. [here]. This is a rapidly developing area …

Read More »

JEFF PRESTRIDGE laments ruthless and greedy bosses who treat bank branches like archaic luxuries

For three and a half centuries, elite patrons, from monarchs to descendants, conducted their financial affairs behind its imposing columned facade. Britain’s oldest bank, Child & Co – based at 1 Fleet Street in central London since 1673 – is said to have even inspired Charles Dickens as a model …

Read More »

Operational Resilience: UK PRA Extends Coverage to New Businesses | Mitratech Holdings, Inc.

[author: Javier Gutierrez] Operational resilience – the ability of financial institutions to remain efficient despite the impact of business interruptions – has shaped the plans of senior financial services executives in the UK for more than three years. The UK Prudential Regulatory Authority (PRA) regulations in this area – SS1/21 …

Read More »

What Lloyd’s departure from London would mean for the City

Thursday, February 10, 2022 11:36 a.m. The iconic Lloyd’s of London building, the beating heart of London’s centuries-old insurance market. Lloyd’s of London could leave London. A pandemic-caused hit to office traffic has left him considering a move to another location. The company said AM City she has recently considered …

Read More »

Brexit news: Nigel Farage mocks crisis predictions after another win for City of London | Politics | News

Nigel Farage has told GB News viewers that forecasts of Brexit disaster have once again failed after another massive vote of confidence in the UK. It comes after a report by EY found that 90% of major global financial services said they would look to move to the UK or …

Read More »

How the Brexit doommongers got it wrong: Britain’s economy is back in power

As Britain settles into the post-Brexit era, it would be wrong to judge Britain’s world-class financial sector and the strength and creativity of the economy by appearances. Covid and working from home have left the normally crowded lanes of the City of London and the crowded squares among the towers …

Read More »

Monument startup appoints former Barclays boss Ian Rand as new CEO

Rand spent 12 years in the British Army before moving to banking in 2000. He started his career at JPMorgan before joining Barclays, where he worked for 12 years. Rand left the bank at the end of 2020. He will succeed as CEO of Monument to Mintoo Bhandari, former managing …

Read More »

Brexit news: “Macron threats” prompted London to become the world’s leading financial center | City & Business | Finance

The United Kingdom officially left the European Union on January 1, 2021 after a final trade agreement signed between the two parties. It follows several months of tense and often bitter negotiations. But, following the historic Brexit referendum in June 2016, several predictions had been made suggesting that tens of …

Read More »

These workers have everything to gain from the current pay increases in the UK. Time to ask for a raise?

The fastest wage gains since the 2008 global financial crisis are creating opportunities and hurdles across the UK economy, leaving workers wondering how much they will ultimately benefit. Underlying wages, corrected for distortions caused by lockdowns and the holiday schedule, are rising 4.5%, according to Bank of England policy maker …

Read More »

US overtakes EU as Britain’s largest financial services export market

The US has overtaken the EU as the main destination for UK financial services exports after trade with the bloc fell last year following Brexit. Financial services exports to the EU fell 6.6% to £ 24.7 billion in 2020, according to a report by TheCityUK, the industry lobby group, across …

Read More »

ESG provisions in loan agreements: not many COPs? – Finance and banking

To print this article, simply register or connect to Mondaq.com. The consensus view on COP26 appears to be that the conference simultaneously achieved much more than expected and less than needed to save an environmental disaster. The same goes for the evolution of ESG provisions in loan agreements, with surprising …

Read More »

Brexit is slow bleeding for the City of London

At first glance, Brexit did not cause serious damage to the City of London. After a negotiation process where his concerns were either secondary or entirely ignored, the split did not cause a sudden exodus of institutions and jobs. Early predictions that cutting London-based banks off European markets would cost …

Read More »

Time for a health check

This article is an on-site version of our The Week Ahead newsletter. Sign up here to receive the newsletter directly to your inbox every Sunday Hello and welcome to the working week. We’re all a lot more aware of the need to take care of ourselves these days – a …

Read More »

JPMorgan Chase enters UK market with digital-only bank

The launch in September follows the launch of its digital offering by Goldman Sachs in the UK in 2018. JPMorgan Chase is the second US bank in just three years to aggressively launch a new digital banking offering in the saturated UK market. Chase’s September launch follows Goldman Sachs’ UK …

Read More »

How to revive the UK stock market

October 2, 2021 ASK BRITONS what’s really going on in the City of London and you will be greeted with a blank stare. Trading the yen and yuan, structuring derivatives, and providing global financial plumbing are all sources of money, but they hardly fit into the public imagination. The exception …

Read More »

US banking lobby groups oppose tax reporting bill

(Reuters) – America’s biggest banking lobby groups banded together on Friday to make another push to kill a bank account reporting bill being drafted as part of Congress’ reconciliation program. In a letter to US House Speaker Nancy Pelosi and Parliamentary Minority Leader Kevin McCarthy, lobby groups said the proposal …

Read More »

Climate change activists target City of London Guildhall

Extinction Rebellion activists protest in London LONDON (Reuters) – Climate change activists climbed outside the City of London seat of government on Sunday as they began two weeks of protests focused on the capital’s financial district. Around 200 protesters from the Extinction Rebellion group targeted the medieval Guildhall, home of …

Read More »

Revolut introduces daily interest on savings

London FinTech and digital banking Revolution introduces daily interest on savings vaults for standard plan users with no fees or minimum balance requirements, the company said in a press release emailed to PYMNTS on Friday, July 23. Revolut’s head of savings and lifestyle, Marsel Nikaj, said the Savings Vault product …

Read More »

Square launches small business banking

By Anna Irrera (Reuters) – Square Inc, the company run by Twitter Inc CEO Jack Dorsey, is launching banking services for small businesses, as it continues to expand beyond payment processing. Square Banking will offer small businesses savings and chequing accounts, as well as its existing loan offering which has …

Read More »

Cloud, Data Center Leaseback and Pandemic – Trends accelerating for regulated businesses in UK and Europe | Bryan Cave Leighton Paisner

summary The COVID-19 pandemic has accelerated the two related trends of financial institutions moving their IT infrastructure to the cloud and selling their own data centers in order to rent only the reduced space and power they need. These transactions can be complex and there are key recurring legal characteristics. …

Read More »

Experts say Irish economy can survive OECD tax reforms

Large-scale global tax reforms are paying off and at first glance Ireland has the most to lose due to the economy’s heavy reliance on US multinationals. On Thursday, 130 countries approved a framework agreement from the Organization for Economic Co-operation and Development (OECD), which brings together 38 rich countries, to …

Read More »

UK leads open banking adoption in Europe: Yapily data

The UK has become the early adopter of Open Banking, with its clear functionality and broad mandate for cool features, such as bulk payments and variable recurring payments, according to new data released by the Open Bank company. Yapily. The UK has been followed by countries such as Ireland and …

Read More »

Hagens Berman UK LLP secures litigation funding, ATE Insurance and initiates litigation against Mercedes, further strengthening its global litigation against the automaker

[London] – Hagens Berman UK, the London firm of world-renowned US law firm Hagens Berman Sobol Shapiro LLP, announces the latest developments in its class action lawsuit on behalf of UK Mercedes drivers affected by emissions fraud. Hagens Berman UK has successfully secured substantial litigation funding from Harbor as well …

Read More »

Cheshire banks close at fastest pace in a decade

Cheshire banks closed at their fastest pace in a decade before the pandemic – and closings are expected to continue. The number of bank branches opened in Cheshire fell 11% in the year through March 2020, from around 140 to around 125. It was the biggest year-over-year decline since the …

Read More »

Deutsche Bank moves jobs from London

FILE PHOTO: Signage is seen in the lobby of Deutsche Bank’s U.S. headquarters in New York, U.S. July 8, 2019. [Photo/Agencies] Lender pledges to serve UK clients despite sending 100 top jobs overseas Germany’s largest lender, Deutsche Bank, is shifting 100 corporate banker jobs – from the City of London …

Read More »

JSW Steel examines bid for Sanjeev Gupta’s UK business: sources

India’s largest steel producer plans to buy Liberty Steel in Britain as well as factories elsewhere, two people familiar with the matter told Reuters as potential buyers surrounded Sanjeev’s global commodity empire Gupta. JSW’s interest, which extends to factories including the Adhunik steelworks in Gupta in eastern India, could mark …

Read More »

Ebay attacks banks and PayPal with business loans

Ebay will begin offering loans to businesses that sell through its UK marketplace, pitting the e-commerce group against mass-market banks and its former subsidiary PayPal. “We believe this is an area for innovation and that there is a lot of unmet demand for better service for online businesses,” eBay UK …

Read More »

Wayne Brown joins Alvarez & Marsal in their Leeds office

Wayne Brown, former senior advisor at EY and Kearney, has joined Alvarez & Marsal as senior manager in their Leeds office. “We are delighted to be able to add Wayne’s expertise to our team,” said Tom Johannessen, Managing Director of Alvarez & Marsal, of the arrival of Brown, who brings …

Read More »

Organon Announces Proposal to Issue Senior Notes

KENILWORTH, New Jersey – (COMMERCIAL THREAD) – Merck (NYSE: MRK), known as MSD outside of the United States and Canada, today announced that Organon Finance 1 LLC plans to offer, subject to market conditions, Euro denominated senior covered bonds due 2028, dollar denominated secured notes due 2028 and senior unsecured …

Read More »