Smart Wallet Card launched as biggest Financial tech industry innovation in recent times
This year, the biggest mobile tech show has introduced a very cunning new tech gadget, launching the new ‘smart wallet’ card at the Mobile world congress. So far, in the USA, the biggest banks have seemingly been very lethargic about…
Trumps America imposes harsh sanctions on Russia
Donald Trump has announced harsh sanctions against Russia in the wake of alleged global allegations Donald Trumps administration has come down hard on perceived friends and allies of the Russian state, with new sanctions on Russian oligarchs and high ranking…
Artificial intelligence is becoming big in finance in 2018
As recent years have progressed, technology has moved on and with it, the shadow of AI. AI was initially invented or discovered in 1956 when a workshop in the summer was arranged at Dartmouth College. With the advent of supercomputers…
Uk unemployment figures decrease unexpectedly into 2018
According to recent figures released by the ONS, the latter part of 2017 into early 2018 has shown a surprise fall in unemployment numbers. The measure of the British working population, who in fact are looking for work but do not have it, is classed as the headline unemployment rate.
2018 Productivity in the UK growing at highest rate for years
British employees productivity in 2017 grew at its highest rate from prior to the crisis in the financial sector , which has been of benefit to the Uk government. Actual economic throughput per unit hour increased by almost 1% in the 3 months up to December which bodes well for 2018 experts say.
Uk fund and money managers feeling the pressure about excessive fees
The FCA has declared it will require fund and asset managers to be more transparent about how they actually measure their performance, which has increased the focus on active funds to better explain their charges and ‘prove’ them alongside their performance.
Barclays creates an ‘iron clad’ separate bank entity post crisis
Prior to the easter weekend, Barclays staff were members and employees of an institution more than 300 years old. However as of yesterday on their return to work, 30,000 of these staff will now be employed by what the boss described as the ‘biggest bank start up that ever existed’.
London will still be a big player globally even after Brexit
In 2019, on 29th march to be more precise, Europe will lose the right to call London it’s capital for this is when Britain is due to leave the EU. This could be bad for a number of reasons, not least because at present London is the financial hub of the European economy,
Uk banks reluctant to lend to small businesses in 2018
There have been several reports in the press about issues with small business sector in RBS and Lloyds Bank group, but SME’s aka small/medium size enterprise, have big problems getting loans and finance in 2018, so says evidence recently given to a parliamentary enquiry.