Banking (UK)

Americans Are Spending Like Crazy at Restaurants

Spending at U.S. restaurants surged over the past three months by the most on record, making it both a bright spot for the economy and a risk if …

U.S. Dept. of Commerce

FCA and CMA release UK bank scores in line with Open Banking

First Direct, Metro Bank and Barclays top retail banking services, Handelsbanken, Barclays, Santander and Metro Bank impress among SMEs<p>By David Beach …

Open Banking

UK inflation rises for first time in 2018, London house prices weakest since 2009

© Reuters. UK inflation rises for first time in 2018, London house prices weakest since 2009<p>LONDON, Aug 15 (Reuters) - Britain's inflation rate …

Economics

Not Just the Pay Gap - Women Experience ‘Punishment Gap’ Too

Women experience more severe repercussions for misconduct in the financial advisory industry their male counterparts, research published on the Bank …

Bank of England

Cosmos cyber attack: NPCI says systems completely secure

NPCI was set up by the RBI and Indian Banks’ Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a …

Cyber-attacks

RBS pays $4.9 bln for crisis-era misconduct, customer survey hurts too | Reuters.com

Royal Bank of Scotland will pay $4.9 billion to settle U.S. claims that it misled investors on residential mortgage-backed securities between 2005 and 2008. As Francis Maguire reports, the U.S. Justice Department said the penalty is the largest-ever imposed on a bank for misconduct leading up to …

Mortgage-Backed Securities

Leading Car Supermarket Accelerates with £5 Million Funding

A ...The post Leading Car Supermarket Accelerates with £5 Million Funding appeared first on Business News Wales.

News (Wales)

UK CPI Rises by 2.5% in July

© Reuters. UK Inflation Rises by 2.5% in July<p>Investing.com - British consumer prices in July rose by 2.5% compared with a year earlier, the Office …

Economics

Barclays Trader Faces $19 Million Loss on Turkey Bonds

A senior Barclays Plc trader has faced losses of about 15 million pounds ($19 million) on Turkish bonds over the past few days, according to people …

Markets

PwC got off too lightly after shambles of BHS audit | Nils Pratley

Self-policing is the first line of defence against bad auditing,​ but it requires real financial incentives<p>PricewaterhouseCoopers should count itself lucky. The firm’s penalty for producing an “incomplete, inaccurate and misleading” audit of the 2014 accounts of BHS and its parent, Sir Philip …

Business

₹7.5-lakh interim relief for Nimisha’s family

Fifteen days after she was brutally murdered at her home near Perumbavoor, the family of Nimisha Thampi, the 22-year-old BBA student, has been …

Compensation

UK inflation rises as London house prices see biggest fall since 2009

House prices in London have seen the biggest fall in nine years while UK inflation edged up for the first time since November.<p>Figures released today …

Housing

BlackRock Among Investors Hit By Turkey Turmoil

Turkey’s violent market trading caught several major investors wrong-footed<p>Asset management giant BlackRock Inc., a star bond trader at Barclays PLC and a major hedge fund are among the investors nursing losses from Turkey’s violent market trading in recent days.<p>The Turkish lira’s falls on Friday …

Stock Markets

FBI warns banks of cyber attacks on ATMs to happen in coming days

The Federal Bureau of Investigation in the United States has issued a warning to major financial institutions suggesting that hackers are planning a …

Cyber-attacks

UK inflation accelerated in July, but core inflation held at 1.9%

Upward pressures on inflation were offset partly by some financial services and clothing and footwear prices, which fell 3.7% on the month on …

Inflation

Britain's biggest banks report 64 payment outages in last three months

© Reuters. FILE PHOTO: The logo of the new Financial Conduct Authority is seen at the agency's headquarters in the Canary Wharf business district of …

Financial Conduct Authority

UK inflation rises for the first time since 2017

Sterling was broadly flat against the dollar and euro following the news<p>The Consumer Price Index (CPI) rose to 2.5pc in July, up from 2.4pc in June, …

Consumer Price Index

Sterling suffers longest losing streak since 2008 as dollar surges

LONDON (Reuters) - Sterling fell on Wednesday for the 12th consecutive day as the U.S. dollar strengthened, leaving the pound at its weakest since June 2017 and facing its longest losing streak since the depths of the financial crisis in 2008.<p>A bank employee counts pound notes at Kasikornbank in …

UK Economy

British inflation rate rises, keeping squeeze on households

LONDON (AP) - The inflation rate in Britain has picked up, keeping a squeeze on households facing the uncertainty of Brexit.<p>Official figures released …

Economics

British Manufacturing Slumps As Bank Of England Raises Interest Rates

<i>By George Pickering</i><p><b>An audio version of this article</b> <b>is available here</b><b>.</b><p>On August 2nd, the Bank of England announced that its Monetary Policy Committee …

Interest Rates

IRFU and WRU combine to create The Celtic Cup

The Irish Rugby Football Union (IRFU) and the Wales Rugby Union (WRU) have joined forces to create The Celtic Cup - a new competition for emerging …

Sport (N. Ireland)

FBI alert had warned banks of cash-hack via malware days ago

Just a few days before one of the biggest cyber-attacks in Pune, in which Rs 94 crore was transferred by unidentified hackers from Cosmos cooperative …

Cybersecurity

U.K. Inflation Rises for First Time in 8 Months as Pound Continues to Tumble

U.K. inflation accelerated for the first time in eight months, according to figures published Wednesday by the Office for National Statistics, as the …

Economics

Rising fuel prices push up UK inflation for first time in 2018

Higher fuel prices in July pushed up the rate of inflation for the first time this year to put an extra squeeze on household incomes following several months of falling wages growth.<p>The consumer prices index (CPI) rose at an annual rate of 2.5% last month after holding at 2.4% in the previous three …

Economics

What are the odds on the ideal outcome for UK house prices?

This article is taken from our FREE daily investment email Money Morning.<p>Every day, MoneyWeek's executive editor John Stepek and guest contributors …

Personal Finance (UK)

First Direct tops Britain's first banking quality survey

© Reuters. Staff serve customers at the first branch of Metro Bank in Holborn in central London<p>LONDON (Reuters) - First Direct, Metro Bank and …

Investing

Commuters to face 3.2% rail fare rises in 2019 | Financial Times

Train fares are set to go up by 3.2 per cent in 2019, sparking fresh criticism from unions and passenger organisations after the RPI measure of …

Chris Grayling

RBS to Settle RMBS Claims for Record $4.9B

Royal Bank of Scotland Group has settled another case arising out of its sale of toxic mortgage-backed securities for a…

Investing

Turkish lira rebounds for a second session in a row

Turkey’s embattled lira continued to rebound Wednesday for a second straight session, even as the animosity between Ankara and Washington appeared to …

Business

House prices rise the fastest in West Midlands

<b>House prices in the West Midlands rose the fastest in the UK compared with a year ago, according to official figures.</b><p>Annual growth in property values in the region stood at 5.8% by June, the Office for National Statistics (ONS) said.<p>The biggest fall was in London where prices dropped by 0.7% …

Housing