Goldman Sachs profits fall 36% following withdrawal from retail banking
Goldman Sachs reported a 36% drop in its third quarter profits. This is the eighth consecutive quarter that…
Yearly Archives
2023
The yield on two-year Treasury bonds has reached a 17-year high following strong…
Short-term Treasury yields jumped to their highest level in 17 years on Tuesday as stronger-than-expected US retail…
Conister Bank, Isle of Man, receives a licence to accept deposits in the UK
Conister Bank is the first Isle of Man lender to receive a UK deposit licence.
The Prudential Regulation…
Staff leaving NHS pensions at alarming rate
Record numbers of workers are leaving the NHS pension scheme amid the cost of living crisis.
More than 75,000…
Xi’s $1 Trillion Project of the Century Gets a Reality check
When President Xi Jinping called the Belt and Road project the "project for the century" when he first assembled…
Bank of England Considers Subsidiary Rule Changes for International Banks
After the failure of Silicon Valley Bank, the Bank of England has reviewed its rules determining when international…
Binance will stop new UK customers from using crypto exchange
Binance suspended access to their crypto exchange for users in the UK after the watchdog of the country terminated…
As mortgage rates rise, landlords are paying an additional £5.5bn per year.
Data shows that landlords pay an additional £5.5bn per year to their banks due to a rise in mortgage rates.…
Funding for Shakira and Neil Young songs reaches record low
The shares of one of the largest music rights owners are at an all-time high, the latest indication that gold…
Lloyds continues with Telegraph auction despite Barclay’s new offer
Lloyds Banking Group will auction the Telegraph and Spectator magazines as soon as this week despite a new attempt…
Italy announces €24bn of tax cuts and wage increases to boost the faltering…
Giorgia Mello, the Italian Prime Minister, plans to spend €24bn next year on tax cuts and pay increases for public…
Donald Tusk, the former Polish PM, is on course to return to office
Donald Tusk has a good chance of securing power in Poland. The former European Council President won the…
Boots is the latest foreign takeover to fail of a British retailer
Boots reduces investment. It will close stores. It may have to face another complex corporate restructuring.…
The US Green Funding Program has awarded $7bn to fossil fuel companies
Joe Biden’s administration awarded $7bn on Friday to US clean hydrogen project, which included several fossil fuel…
Santander to expand investment bank by $250mn
Santander is investing $250mn over the next two-years to expand its Corporate and Investment Bank, while Wall…
Influencers, CEOs and their brands are now on LinkedIn
Marketer Zain Kahn says he earns more than $1mn a year in advertising revenue, thanks largely to his hundreds of…
Global economy cast in shadow by fears of a wider Middle East conflict
Finance ministers and government officials have warned that the threat of a wider Middle East conflict poses a new…
Jim Ratcliffe is closing in on a deal to buy a stake in Manchester United
Sir Jim Ratcliffe is hoping to receive the green light for a minor investment in Manchester United within the next…