Category: Uncategorized

Standard Life And Aberdeen Asset Management Merger Gets The Green Light from Competition Watchdog

The Competition and Markets Authority has given green light to merger The transaction is currently expected to complete on 14 August 2017 Merger will create Europe’s second-biggest fund manager, with £670bn  Britain’s competition watchdog has given the green light to the £11billion merger...

HSBC Unveils Massive Multi-billion Pound Funding Pot for London SMEs

HSBC has announced that over one-fifth of its recently announced £10bn fund for UK SMEs will go to small and medium-sized businesses in the capital. According to the bank, £2.1bn of its massive SME fund will be utilised to help support...

PayPal Has A New Weapon in The P2P Payments Battle

This story was delivered to BI Intelligence “Payments Briefing” subscribers. To learn more and subscribe, please click here. PayPal began piloting an instant cash-out offering for its peer-to-peer (P2P) payment offerings, including Venmo, according to TechCrunch. The service, which is currently in...

Atom Bank Gets £30 Million from the Government as Philip Hammond Pledges Investment Boost

LONDON — Startup bank Atom has received a £30 million funding boost from the state-owned British Business Bank (BBB). British Business Bank Investments, the commercial arm of the BBB, announced it has agreed a £30 million Tier 2 capital facility with...

HSBC Announces New £1bn Fund to Support Yorkshire SMEs

HSBC has launched a £1bn lending fund to support small and medium-sized enterprises (SMEs) in Yorkshire. The fund is the largest package of support to be announced by HSBC for SMEs in Yorkshire and is a significant increase on the £850m...

SoftBank Said to Hire Ex-Deutsche Bank Trading Chief Colin Fan

Colin Fan, the former co-head of Deutsche Bank AG’s investment banking and trading unit, is joining SoftBank Group Corp., according to a person familiar with the situation. Fan, 44, once a top deputy of former Deutsche Bank Chief Executive Officer Anshu...

Ask An Expert: I Own RBS Shares – Am I Due Compensation?

I’ve been a Royal Bank of Scotland (RBS) shareholder since 2001, and have read recently that shareholders are being paid compensation of more than 80 pence a share. Will I be compensated, and how do I go about claiming the money? TM,...

What Are Our Customers Doing, London’s Metro Bank Asks Its Data

London’s Metro Bank, which opened its first branch in 2010, wants to know its customers better. With contemporary architecture, lots of glass and facilities that are open seven days a week, it is already very accessible. And with its standing...

Barclays’ Techstars Is Quietly Building A FinTech Empire

Since the dawn of fintech, London’s historic financial hub has been the beating heart of the scene’s niche ecosystem. But in a post-Brexit economy, the United Kingdom could be poised to lose its fintech crown. Tel Aviv, Israel;  São Paulo...

Bitcoin Startup Coinbase Has Eyes on Global Expansion After Opening New London Hub

The unprecedented surge in the value of cryptocurrency Bitcoin this year has opened up a vast array of opportunities for businesses operating in the space, despite ongoing speculation from commentators about just when the bubble is going to burst. Despite a...