HSBC has been fined £57.4 million by the Bank of England’s Prudential Regulation Authority for “serious failings” over customer deposit protection. The fine represents the second highest penalty ever imposed …
Financial Planning
Diageo: Volumes slips in every region but Latin American horror show drags profits south
Diageo, the drinks giant behind Guinness and a host of top-shelf spirits, has seen growth slip in every region across the world, dragging profits sharply southward. The FTSE 100 firm …
High interest rates hurt but they might just be the medicine UK productivity sorely needs
A post Global Financial Crisis policy of zero interest rates has facilitated investments which deliver poor returns, writes James Sproule Productivity is often seen as the key for sustainable growth. …
PayPal co-founder Peter Thiel and former Coinbase figure invest in the Enhanced Games, a drug friendly Olympics alternative
The billionaire co-founder of PayPal Peter Thiel has invested in the drug friendly alternative to the Olympics, the Enhanced Games. The Enhanced Games has promised the freedom to use banned …
Bunq mulls London IPO as European neobank plots Monzo and Revolut UK challenge
European fintech and neobank Bunq has applied for a UK electronic money institution (EMI) licence as it looks to capture market share from the likes of Revolut and Monzo ahead …
UK Finance boss: City’s post-Brexit ‘challenger’ role takes ‘some getting used to’
David Postings is the man responsible for putting the country’s financial services industry on the government’s agenda. Despite well-reported headwinds, he’s optimistic for the future. Top of the world? That …
Moving markets: Five things shaping the FTSE 100 today
Moving Markets Today: Asian Stocks Firm Post Wall Street’s Record Highs, Oil Prices Surge Amid Middle East Tensions, Attention Shifts to Fed, BOE, and Q4 Tech Earnings U.S. stocks rose …
An ode to Spoons – a bastion of cheap pints and a steward of civic heritage
Come for the prices, stay for the history: in many of Britain’s towns, “Spoons” has become the chief steward of civic heritage, writes Adam Hawksbee You could easily miss The …
Valieva: Kremlin calls Russian skater four-year drug ban ‘politicised’
Kamila Valieva, who at 15 helped Russia win a team ice skating gold at the Winter Olympics before being found to have doped, on Monday received a four-year ban from …
Jamie George: I turned down overseas offers to play for England
Jamie George couldn’t quite believe it when England head coach Steve Borthwick told him he’d take over from Owen Farrell as captain of the national team. The 33-year-old Saracens hooker …