Consumer’s creditworthiness awareness set to drive change in dealer finance

When it comes to financing a used car purchase, 32% of people would not consider finance from a dealer, 31% of people would consider finance from a dealer, 33% of people would choose a High St Bank/Building Society. These numbers from MotoNovo’s recent Attitudes to Car Buying Research suggest a modest shift by consumers away […]

EU starts debate on budget rules

The European Commission opened a debate on how to reform the European Union’s fiscal rules. So that they can deal with a pandemic-induced surge in public debt and with the huge investment needed to fight climate change. European Economic Commissioner Paolo Gentiloni said that they are re-launching this review of their economic governance against a […]

Asian shares advance on earnings optimism

Asian shares advanced and U.S. long-dated bond yields edged up to a five-month high. This is on rising optimism about the global economy and corporate earnings. Japan’s Nikkei rose 0.8% while MSCI’s broadest index of Asia-Pacific shares outside Japan added 0.3%. Norihiro Fujito, chief investment strategist at Mitsubishi UFJ Morgan Stanley Securities said that earlier […]

UBS’s Weber center stage as Santander-Orcel court battle resumes

UBS Chairman Axel Weber is expected to take centre stage in a court battle that erupted after Spain’s Santander withdrew a multimillion-euro offer to the Swiss lender’s former top investment banker to be its CEO. Italian banker Andrea Orcel is suing Spain’s largest lender. This is after it dropped the job offer almost three years ago in […]

US treasury will hold IMF chief

The second-ranking U.S. Treasury official told senators that the agency would hold International Monetary Fund Managing Director Kristalina Georgieva accountable for changes needed to safeguard IMF integrity in the wake of a World Bank data-rigging scandal. Deputy U.S. Treasury Secretary Wally Adeyemo told a U.S. Senate Banking Committee hearing that they did not find that it was appropriate […]

Natwest earmarks 100 BLN pounds for sustainable finance

British lender Natwest said that they had planned to increase lending linked to sustainable and climate-related finance to 100 billion pounds ($136 billion) by 2025. This move comes ahead of global climate talks in Glasgow. In this talk where countries will be pushed to accelerate efforts to fight climate change and transition to a lower-carbon […]

World of open finance

The banking and financial services industry is in the middle of a radical evolution. The open finance is an example, which is giving consumers access to critical services. To best understand open finance, its beginnings should be looked after. It began in the UK with a study conducted by the Competition and Markets Authority (CMA). […]