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Caixabank Proposes Sector-Wide Freeze in Variable Mortgage Costs, Source Says
Date: October 12, 2022
MADRID (Reuters) – Caixabank, Spain’s biggest lender by domestic assets, has proposed a sector-wide measure to cushion the rise in payments on variable mortgage contracts for a year, a source with direct knowledge of the matter said on Tuesday. “The proposal foresees freezing the increase in payments on variable mortgages for twelve months,” the source...
London Stocks Slide After Three-Day Rally; Tesco Falls on Forecast Cut
Date: October 5, 2022
By Johann M Cherian (Reuters) – UK shares snapped a three-session winning streak on Wednesday, dragged down by financials and miners, while Tesco’s profit forecast fanned worries of a worsening cost-of-living crisis in Britain and rattled the retail sector. The export-oriented FTSE 100 was off 1.1%, while the more domestically oriented FTSE 250 was down...
Data Breaches in the Financial Sector
Date: September 28, 2022
By Phil Robinson, Principal Consultant and Founder at Prism Infosec The financial sector continues to suffer from a high rate of data breaches. The latest figures from the ICO’s Data Security Incident Trends report reveal the sector has the third highest rates in the country, with over 2,874 incidents reported during Q4 2021/22. The vast majority...
Next Generation Credit: Gen Z’s Impact on Banking
Date: September 27, 2022
By Shabnam Wazed, the founder and CEO of AGAM International More than one third of the world’s population is Generation Z. To give you an idea of what this means in figures, the UK has approximately 12.6 million (19%) Gen Zers entering the workforce, whilst the world’s eighth most populated country, Bangladesh, has well over...
Bank of England Says It Won’t Take ‘risky Bets’ to Help City’s Competitiveness
Date: September 27, 2022
By Huw Jones LONDON (Reuters) – The Bank of England’s new objective of helping the financial sector remain globally competitive should not encourage risky bets on regulatory standards to win business, BoE executive director Victoria Saporta said on Tuesday. Britain wants a “Big Bang 2.0” – a reference to deregulation of the stock market in...
Australia Mourns Queen Elizabeth From Home of ‘world’s Oldest Continuous Culture’
Date: September 22, 2022
SYDNEY (Reuters) -Australia held a National Day of Mourning for Queen Elizabeth II on Thursday, with Prime Minister Anthony Albanese saying the greatest tribute the nation could offer was not a statue but “a renewed embrace of service to the community”. With the day declared a national holiday, a memorial ceremony attended by 600 dignitaries...