Financial Services

Peer-to-peer insurer breaks bank and insurance monogamy, says local chief

Deutsche Bank has dropped Zurich Insurance Group as its German insurer, replacing it with peer-to-peer insurer Friendsurance in a development its …

Peer-to-peer

2019 Ram 1500 finally revealed | All new, from headlights to hybrid system

Here are photos, specs, and everything we know<p>Few categories are as hotly contested as the full-size truck segment. The passion from both automakers and loyal truck owners is fierce. See any number of Calvin window decals for example. Well, a new Ram 1500 is finally here, and it's lighter, stronger …

Trucks

Nationals ramp up pressure on banking royal commission

The banking royal commission is bracing for a large number of public complaints about poor treatment as Malcolm Turnbull's Coalition partners …

FinTech

FCA “Dear CEO” Letter to CFD Providers and Distributors Highlights Concerns Following Review of CFD Market

Article ByCarolyn H. JacksonNathaniel W. LaloneNeil RobsonKatten Muchin Rosenman LLPCorporate and Financial Weekly Digest On January 10, the UK …

Law

Banking royal commission: Australian unions to collect victims' stories

ACTU launching online tool to round up experiences of misconduct and fraud to present en masse to the inquiry<p>Australia’s unions are launching an online tool to collect the public’s stories of banking misconduct, fraud and criminal activity before the start of the banking royal commission.<p>The …

Unions

JPMorgan Chase Competitive Strategy Teardown: How The Bank Stacks Up On Fintech & Innovation

Among bulge bracket banks, JPMorgan is making a bigger push into payments technology as digital banking becomes a strategic priority.<p>Last year, …

JP Morgan Chase

UK’s FCA to probe thousands of pension advisers after Port Talbot crisis

The UK’s Financial Conduct Authority will probe thousands of pension advisers as it launches a national sector-wide review in the wake of the Port …

Port Talbot

UK watchdog warns over illegal binary options

The UK’s financial watchdog has listed almost 100 companies it says may be illegally offering binary options to British consumers in its first move …

Stock Options

Why unregulated cryptocurrencies could trigger another financial crisis

The price of bitcoin hit $17,000 late last year and – although the cryptocurrency has plunged since then – there are signs that an absence of …

Bitcoin

Lending Club has a bitcoin pivoting suitor

Lending Club shareholders are being pursued by a Las Vegas-based payday lender with significant crypto aspirations.<p>Continue reading: Lending Club has …

Morgenthaler

Bidvest makes another acquisition in quest to expand

Cape Town - Bidvest Financial Services announced on Thursday that it has acquired Cannon Asset Managers, a South African-based asset management firm …

Business (South Africa)

Davis and Hammond plead with Germany to back Britain's plan for a bespoke Brexit deal

• <b>Hammond and Davis head to Germany on charm offensive to persuade businesses to back bespoke Brexit deal.</b>• <b><br>UK government wants a future trade deal with EU to include financial services.</b>• <b><br>EU has warned Britain that financial services cannot be included if it leaves the single market.</b><p>LONDON – Chancellor …

Brexit

New Report on UK Alternative Finance

The Cambridge Centre for Alternative Finance sits within the University of Cambridge Judge Business School and has recently published its 4th UK …

Law

Spanish Bank Eyes Post-Brexit HQ in London

Spain’s Alantra Partners SA is considering moving its headquarters from Madrid to London in a bet the U.K. capital will remain the center of European …

Brexit

S. Korea to encourage financial firms to use cloud computing services

SEOUL, Jan. 9 (Yonhap) -- South Korea's financial regulator said Tuesday it will clarify some regulations for financial firms to use more cloud …

South Korea

Britain should choose hard Brexit if no financial services deal - Farage

© Reuters. Brexit campaigner Farage arrives for a meeting with EU's chief Brexit negotiator Barnier in Brussels<p>BRUSSELS (Reuters) - Britain should …

Brexit

FCA 'gold-plates' EU rule, bans BYOD across entire UK finance sector

<b>Exclusive</b> The UK's Financial Conduct Authority has quietly transposed an EU rule without including a crucial bit of detail, thus effectively banning …

FinTech

Large banks raise their lobbying game with trade group shakeup

The decision was made with remarkable swiftness, after first being presented to the board in September, and took many members by surprise.<p>The nation’s biggest banks are shaking up one of their trade associations in a bid to maximize their lobbying clout as Congress and regulators prepare to deal …

Brian Moynihan

UK consumer lending not driven by subprime borrowers, regulators say

© Reuters. A pedestrian walks under an arch opposite the Bank of England in London<p>LONDON (Reuters) - Rapid growth in Britain's consumer credit has …

Economy

China’s asset-management growth plummets after sweeping regulations rain down on shadow banking sector

China’s hopes of becoming the world’s second largest asset management market after the US by next year appear to have been seriously dented, as …

Finance

Trump's Tax Reform Has So Many Businesses Dishing Out Bonuses That Even He Didn't Expect It

President Trump ended 2017 by signing into law the largest tax reform legislation in over three decades and, less than a week into 2018, he’s …

21st Century

Bank probe could hike insurance costs

The looming banking royal commission could put more upwards pressure on the insurance premiums of some of the country's biggest financial …

Insurance

Charles Randell appointed new chair of the Financial Conduct Authority

The new chair of the Financial Conduct Authority has been named as Charles Randell and will take up the role from 1 April.<p>Randell is currently an …

FinTech

London attracted record tech investment in 2017

Tech firms in London received more venture capital funding in 2017 than all other major European cities combined, with the amount invested doubling …

Business Technology

FCA Publishes Statement on Brexit

On December 20, 2017, the UK Financial Conduct Authority (FCA) published a statement on the UK’s withdrawal from the European Union (EU).<p>Referencing …

Brexit

UK Government Plans To Ensure Continuity in Financial Services in the Event of No Deal With the EU

On December 20, 2017, Philip Hammond, the UK Chancellor of the Exchequer, made a written statement in the UK House of Commons on behalf of Her …

Brexit

FCA Publishes Feedback Statement on Distributed Ledger Technology

On December 15, the UK Financial Conduct Authority (FCA) published a feedback statement (Feedback Statement) on its April 2017 discussion paper …

Law

What My Mother Taught Me About Leadership

<i>OZY and JPMorgan Chase & Co. have partnered to bring you Leadership Journey, stories and audio about how top execs ascended the corporate ladder.</i></i> …

Culture

3 Turnaround Stocks to Consider in 2018

In a banner year for the stock market, these names were tossed aside. Here’s why you should give them a fresh look in 2018.<p>Warren Buffett once said, …

Stocks

Online lender Funding Circle inks partnership with Kansas bank

Funding Circle, an online lender that operates in four countries, is partnering for the first time with a U.S. bank.<p>On Thursday, the seven-year-old …

FinTech