Pound reaches pre-crisis levels against euro
Good news for UK companies that import from or travel regularly to Europe: the pound has climbed above £1.40 against the euro for the first time since 2007.
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US Treasury pushed to scrutinise real estate market
Nonprofit organisations are urging the US Treasury Department to force the real estate industry to subject buyers to tougher identity verification and money-laundering screening.
New challenger joins UK banking industry
CivilisedBank will offer an online service to small and medium-sized businesses later this year after securing its first round of funding.
Non-bank lenders nab 7% of US banking profits
The rise of alternative financial providers has hit traditional US lenders hard, and could cause them to lose up to 7% of their annual profits.
Drop in Barclays profit follows misconduct fine prep
Barclays reported a fall in profits as it set aside more funds to cover potential fines for currency market manipulation and PPI compensation.
Cripplingly late payments are the new “corporate sport”, but this company is rewriting the rules (Interview)
Despite EU regulations, many large companies have been accused of delaying payments to suppliers as a free alternative to loans. Payment and big data technology company Remitia thinks they’ve found a way to keep both sides happy.
Japan relaxing banking rules to compete in online payments
Japan is considering making its business banking model more flexible in order to take advantage of advances in financial technologies.
