Britain unveils plan to return NatWest to majority private control
LONDON, July 22 (Reuters) – Britain’s government on Thursday unveiled a blueprint for returning NatWest (NWG.L) to majority private ownership within a year, more than a decade since bailing out the lender at the height of the global financial crisis. The finance ministry said it had instructed Morgan Stanley to sell NatWest shares on its behalf in […]
Barclays pays out more than $1 bln to investors as profits rebound
H1 profit 5 billion pounds (2020: 1.3 billion) Bank launches 500 million pound buyback CEO says will stay around 2 more years Shares rise 3% LONDON, July 28 (Reuters) – Barclays (BARC.L) will pay out more than a billion dollars in dividends and buybacks to shareholders after beating first-half profit forecasts as bad loan fears receded […]
Deutsche Bank optimistic on revenues after profit beat
Longest streak of quarterly profit since 2012 Shares open higher but early gains fizzle Investment banking revenue drops as expected FRANKFURT, July 28 (Reuters) – Deutsche Bank (DBKGn.DE) on Wednesday delivered a fourth consecutive quarterly profit for the first time in nearly a decade and raised its revenue outlook despite a decline in business at its […]
Deutsche Bank optimistic on revenues after profit beat
Longest streak of quarterly profit since 2012 Shares open higher but early gains fizzle Investment banking revenue drops as expected FRANKFURT, July 28 (Reuters) – Deutsche Bank (DBKGn.DE) on Wednesday delivered a fourth consecutive quarterly profit for the first time in nearly a decade and raised its revenue outlook despite a decline in business at […]
Research: ICOs See Lowest Funding Level in 16 Months
Funding for Initial Coin Offerings (ICOs) has seen its hardest slump in 16 months, Bloomberg reported September 10. Analysis from Autonomous Research shows that in August, startups raised $326 million, which is the smallest amount since May 2017. According to Autonomous Research, Ethereum (ETH) blockchain-based ICOs have been recognized as the spark for the ETH […]
Foreign landlords shun UK property market after tax hikes
Key Points The number of foreign investors into the U.K. property market has more than halved since the start of the decade. London has seen the most dramatic fall in investment. Tax hikes are thought to have driven landlords away. Roland Nagy | iStock / 360 | Getty Overseas landlords are moving out of the […]
FINMA revises “Public deposits with non-banks” circular
The new sandbox concept and the extended time frame for settlement accounts defined in the revised Banking Ordinance entered into force on 1 August 2017. In doing so, the Federal Council sought to reduce unnecessary regulatory obstacles for innovative business models. FINMA has now detailed these new rules in its amended circular “Public deposits with […]
Export insurance made easy: New toolkit for Brokers
A new online guide to help credit insurance brokers work with their clients to access government-backed export insurance has been published by UK Export Finance. How to access export credit insurance: a guide to UK Export Finance’s export insurance policy is UKEF’s first online toolkit for brokers and sets out clearly how they can help […]