Group Finance News ArticlesStarted by JoelDalais on 21/12/2015 Motto: Banking or related news articles
"It’s vital the chancellor steps up to ensure the financial system is fit for purpose – especially taxpayer-owned RBS – to restore the public’s confidence in it" ~ https://www.theguardian.com/commentisfree/2017/mar/22/dirty-money-uk-banks-rbs-laundromat
JoelDalais on 23.03.2017 at 18:47
Goldman Sachs will move jobs away from London and bulk up its European presence by "hundreds of people", a senior executive has said. ~ http://www.bbc.co.uk/news/business-39339836
JoelDalais on 16.03.2017 at 20:22
"The Bank of England voted to leave rates at 0.25% but rising inflation may soon start to add pressure on it to consider a rise." ~ http://news.sky.com/story/bank-of-england-vote-split-as-interest-rates-kept-on-hold-10803533
JoelDalais on 14.03.2017 at 23:38
"Charlotte Hogg has resigned from her position as deputy governor of the Bank of England after a report by MPs said her competence "falls short of the very high standards required to fulfil the... responsibilities" of deputy governor of the Bank of England."
MIROW on 12.03.2017 at 19:58
Capital controls, such as those to restrict money flowing in and out of the country, were imposed in 2008 after the courntry's biggest banks collapsed.
The government thinks the economy has recovered sufficiently to end controls.
The SEC has confirmed that a bitcoin ETF decision will be released today, despite chatter about it possibly coming Monday. Place your bets.From JoelDalais on 10.03.2017 at 18:23
JoelDalais on 05.03.2017 at 17:57
"At a breakfast meeting early this week, organized by the Chartered Institute of Bankers in Nigeria (CIBN), key players in the country’s fintech space gathered to discuss the impact of cryptocurrencies, specifically bitcoin, and blockchain technology. The Deputy Director of the Central Bank of Nigeria’s Banking and Payments System (CBN), Musa Itopa-Jimoh, spoke at the meeting. In an interview afterwards, he clarified the CBN’s stance on bitcoin, citing that a lot of people misinterpret the central bank’s recent warning." ~ https://news.bitcoin.com/central-bank-of-nigeria-says-we-cant-stop-bitcoin/
JoelDalais on 03.03.2017 at 20:54
"Factom's Harmony data layer enables storing hashes of paper documents on private and public blockchains." ~ http://www.ibtimes.co.uk/how-blockchain-simplifying-us-mortgage-market-1609630
JoelDalais on 03.03.2017 at 20:41
MIROW on 03.03.2017 at 20:22
IHS Markit said the services sector had been stung by the steepest rise in costs for more than eight years as a result of the weak pound following the Brexit vote.
This is likely to mean that inflation faced by consumers "has significantly further to rise", said Chris Williamson, chief business economist at IHS Markit.
Latest official figures showed that inflation hit 1.8% in January, but Mr Williamson said the rate was expected to hit 3% over the next year.
Earlier in the week, a similar survey of manufacturers had also suggested a slowdown last month.
"A further slowdown in UK business activity growth in February adds to evidence that the economy has lost momentum..." said Mr Williamson.
"Inflationary pressures remained the highest for six years as firms struggled with rising costs associated with the weak pound..."
Paul Hollingsworth, UK economist at Capital Economics, said: "The economy faces a number of headwinds including higher inflation and uncertainty surrounding the future relationship with the EU as formal negotiations get underway."
The pound declined after the news was released. Sterling fell 0.3% against the dollar to $1.2233 and was 0.5% lower against the euro at 1.1621
The combination of lower growth with higher expected inflation could herald a period of "stagflation", he added.