Lloyds restores dividend as profits rebound on sunnier outlook
UniCredit chief upbeat on Monte dei Paschi deal as takeover talks start
Chief executive Andrea Orcel said that Unicredit is well placed to secure a beneficial deal with the Italian government in talks to take over Monte dei Paschi di Siena, which it sees as the best M&A option at present. Orcel defended the merits of a possible MPS acquisition as UniCredit posted a higher than expected […]
BoE’s Broadbent sees reasons for inflation tide to ebb
Bank of England Deputy Governor Ben Broadbent said that a current spike in prices is unlikely to create longer-term inflation pressures but central bankers should keep a close eye on job market shortages after the pandemic. Splits have emerged among top policymakers at the British central bank on the need to remove stimulus for the […]
ECB pledges low rates for even longer to support prices
The European Central Bank pledged to keep interest rates at record lows for even longer to help sluggish inflation in the euro zone rise back to its elusive 2% target. The central bank of the 19 countries that share the euro said it would not hike rates until it sees inflation reach its 2% target […]
How the latest iOS update impacts your digital marketing campaign
Apple announced big updates for iCloud and iOS 15 at the company’s annual Worldwide Developers Conference, with a particular focus on privacy and data tracking. Newly unveiled features from the tech giant include the ability for users to load remote content privately without disclosing their IP. And also, using burner email accounts to sign up […]
How financial institutions can protect against the cyberattacks
As banks were predominately where the money was, in our digital age, the modern criminal can steal vast quantities of money armed with little more than a laptop and an internet connection. The cybertheft market is now believed to be worth in excess of a trillion dollars globally. These types of crimes are safer, more lucrative, and thanks to the challenges with attribution, apprehension […]
The financial Ombudsman service – the need for reform
The Financial Ombusman Service (FOS) was set up to provide a very valuable service – to resolve individual, fact-specific complaints between financial institutions and their customers quickly and with limited formality. Recent statistics demonstrate that the FOS certainly continues to be a popular choice for consumers. And that excludes the infamous PPI complaints. Annual Complaints […]
The importance of finding the single voice of the customer in finance
Most organisations understand their customers on varying levels. Marketing knows their customers in one context while customer services, in-store staff, the board, shareholders and digital teams know them in another. The more scaled a company, the more likely they will have increased touchpoints between themselves and their customers. And from this we can know that […]
China jitters lift haven currencies; dollar awaits Fed
The dollar was pinned below recent highs by a decline in real yields and by trepidation ahead of a Federal Reserve meeting. In the meanwhile, other safe-haven currencies were in favour following an unnerving plunge in Chinese equity markets. The Japanese yen rose about 0.5% on the dollar overnight. The Chinese yuan teetered near a […]
Open banking driving financial innovation
A new force is blasting through the European financial system. Open Banking is forcing traditional banks to share customer data, with permission to third-party service providers. Open Banking is changing the landscape of finance. In this London is at the forefront. Freedom Finance is a search engine for loans. Jake Ranson, Freedom Finance’s chief customer […]