Financial Services

Another $4.3Billion in Fines and Banks Are Still Paralysed

Nigel Cannings | Posted 14.11.2014 | UK Politics
Nigel Cannings

There will be another Forex-style scandal within the next three years. It is probably brewing even as you read this. And it will probably all be conducted on the telephone, now that the regulators have worked out IM chatrooms...

Boiling Frogs: How Traditional Financial Services Are Being Disrupted (But Don't Seem to be Noticing)

Glyn Britton | Posted 06.10.2014 | UK Tech
Glyn Britton

I know what you're thinking. "Oh, here we go. The wanky marketing guy, making all sorts of fanciful assertions. We won't be able to do any of what he says because regulation. Why don't they ever understand? Sigh."

Tech City or FinTech City? We Have a Decision

Daniel Lowther | Posted 18.10.2014 | UK Tech
Daniel Lowther

Earlier this month saw the launch of Innovate Finance which has been created to "accelerate the UK's leading position in the global financial services sector, by directly supporting the next era of technology-led financial services innovators." ... The government has shifted focus and has its sights firmly set on FinTech.

'Breaking Through the Glass Ceiling', A Topic Still Very Much on the Agenda

Mark Braund | Posted 19.08.2014 | UK
Mark Braund

Starting with our own experience, we have taken meaningful steps at InterQuest, appointing three female directors to our operational management team in the last 2-years. Gender equality is at the forefront of what we do, and though we have yet to appoint a woman to our public company board of directors, the task of representation is certainly a challenge we are consciously addressing.

Will Goldman's World Cup Winning Story Force Financial Institutions to Go for Goal With a More Creative Approach to Their Communications Strategy?

Alastair Turner | Posted 10.08.2014 | UK
Alastair Turner

It's important to build time for creative thinking into communications rather than getting bogged down in bureaucracy. While creativity for creativity's sake can backfire, firms that fail to bring new ideas to the table will become less relevant. The key is devising a strategy that allows room for creative thinking, while ensuring that any ideas are clearly aligned with business goals.

Banks Must Catch the Innovation Bug

Nasir Zubairi | Posted 04.05.2014 | UK
Nasir Zubairi

Although I agree that Banks and Financial technology firms should be looking to partner and work together where possible to improve the proposition for customers, I don't necessarily believe that this strategy will make banks more innovative and provide better services for you, I and our businesses...

Digital Fraud Continues to Dominate Discussion in 2014

Mark Braund | Posted 13.04.2014 | UK Tech
Mark Braund

For many in the technology sector, one of the most discussed topics in recent months has been digital fraud and online security. This is an area in which I have a great deal of interest, as it continues to play a significant role in the demand for specialist skills in the Financial Services & Banking Sectors.

Banks Aren't Over the Worst of It

Nick Rowles-Davies | Posted 15.03.2014 | UK
Nick Rowles-Davies

It is a good bet that the year ahead is to be incredibly interesting for those with a sharp eye on litigation - and cases against banks will be a key focus. Experts in the legal world are already predicting there will be a slew of notable big cases going through the High Court in 2014...

How Can We Address 'Flexibility' on Ethics in the Financial Services Industry?

John Bowman | Posted 28.01.2014 | UK
John Bowman

Executives must realize that the previous era of financial capitalism ended with the global crisis in 2008. Clients, asset owners, and the general public are looking for the industry to return to its core purpose of serving the greater good, providing value to society so that economies and communities' thrive.

The Payday Lenders We Love to Hate

Guy Corbet | Posted 17.12.2013 | UK Politics
Guy Corbet

Wonga is at times a little like an embarrassing relative. It can make us cringe but secretly perhaps we're all glad it's there. For a lot of us, payday lending galvanises our moral outrage. It gives us something to kick against. It is the business we love to hate, but perhaps we are being unfair?

Is the Financial Light at the End of the Tunnel Emerging?

Fraser Bell | Posted 25.06.2013 | UK
Fraser Bell

Is there any light at the end of the tunnel for those with an interest in Europe's continuing financial stability? As unlikely as it may sound, help could be at hand in the shape of emerging markets such as Asia, the Middle East and Russia.

Being Good Is Good for Business

Ian Wood | Posted 02.06.2013 | UK
Ian Wood

The idea that large corporations should be ethical, green or work with communities has snowballed over the last decade or so, but recent months have shown how significant a failure of corporate reputation management can become.

ID Verification: Time to Pass on the Baton

John West | Posted 20.02.2013 | UK Tech
John West

With many of us regularly using a number of online accounts, we're often advised to use a different password for each one but, if we heed that advice, we tend to either write them down, or save them somewhere else online. The flaw in either plan is obvious.

Why Champagne May Be Popped In The City Again

Charlie Thomas | Posted 21.01.2013 | UK

Champagne corks may soon be popping in the City again after data revealed the worst may have finally passed for the financial services sector. Figu...

How the European Parliament Resolves to Make 2013 a Better Year

European Parliament Web Team | Posted 09.03.2013 | UK Politics
European Parliament Web Team

The European Parliament is limbering up for what promises to be an exciting but challenging year. The crisis continues to rumble on, but efforts to put Europe back on the path to growth will not be the only initiative to make a difference to your daily life.

FSA Slammed For RBS 'Serious Misjudgment' Over Disastrous Takeover Of ABN Amro

Charlie Thomas | Posted 19.10.2012 | UK

The financial watchdog and the Bank of England have received stinging criticism from MPs on the Treasury Select Committee over their behaviour during ...

Economic Turmoil Hasn't Been Bad For Everyone...

Charlie Thomas | Posted 09.10.2012 | UK

Global financial information services company Markit's Lance Uggla has been named as Ernst & Young UK Entrepreneur Of The Year. Uggla was crowned ...

The Slings and Arrows of Outrageous Lending

Mike Beeson | Posted 03.11.2012 | UK Lifestyle
Mike Beeson

Such is the confidence of the new lenders, however, some are now moving into the mortgage market and lending to small businesses whose access to finance has been blocked in equal measure. Some would argue that opening up the market in this way is a good thing, but there's always the danger that desperate people will be seriously exploited.

Reach For The Sky All You Payday Loan Arrangers!

Mike Beeson | Posted 21.10.2012 | UK Lifestyle
Mike Beeson

If you watch daytime TV, you'll know all about Payday Loans from the deluge of advertisements that target what - it must be assumed - is a vulnerable yet receptive segment of the UK population.

Trust Me, I'm a Banker?

Margaret Heffernan | Posted 20.09.2012 | UK
Margaret Heffernan

I would truly like to think that financial services were in good hands and that the UK banking industry was safe and sound; I'd sleep better if I did.

Barclays' Problems Originated From 'Tone At The Top'

PA/Huffington Post UK | Posted 16.07.2012 | UK

A top banking regulator told MPs that Barclays problems originated from "the tone at the top" when former boss Bob Diamond was chief executive of the ...

Banks Win Again; SMEs are Fighting a Losing Battle for Better Services

Nasir Zubairi | Posted 14.09.2012 | UK Politics
Nasir Zubairi

The Bank of England and HM Treasury officially launched the "Funding for Lending Scheme" (FLS) on Friday 13 July (read the announcement and details here), yet another covert operation to shore up the banks under the disguise of helping small businesses and households to access cheaper credit and thus stimulate the economy.

Do You Have to Lie to Get Ahead?

Margaret Heffernan | Posted 11.09.2012 | UK
Margaret Heffernan

The moral chaos of the financial services industry is throwing up some interesting cultural findings. Among these is a recent report by corporate governance experts, Labaton Sucharow, showing that a quarter of the financial services executives they polled believed that unethical or illegal conduct might be required for professional success.

A Simple Cure for the Banking System

Margaret Heffernan | Posted 02.09.2012 | UK
Margaret Heffernan

Break the banks up and they won't be too big to fail; they will - finally - be small enough for success.

Why Bob Diamond's Pay Mattered

Margaret Heffernan | Posted 01.09.2012 | UK
Margaret Heffernan

When Barclays board tried to force through a massive pay deal for Bob Diamond, they looked weak. Now that he's been forced to step down, they look weak and stupid. The reason that the argument over Bob Diamond's pay mattered was that it put the relationship between CEO and board under a spotlight - and made them both look ugly.