UK interest rates to be kept at record low
The UK's six year stint of record-low interest rates does not look set to change in the near future, the BBC has revealed.
Deals & Markets
Depositary receipts hit highest point since 2007
$37.3 billion in depositary receipt (DR) capital was reached last year – the highest levels since 2007 and triple last year’s figures, according to research from Citi.
Charter Savings to join UK challenger banks with online-only offering
Charter Savings Bank is due to join other UK challenger banks in the UK come spring as an online-only savings bank.
Standard Chartered to scrap cash equities business
The latest step in Standard Chartered’s plans to save $400m this year will see it cut its cash equities business and cut a further 2000 retail jobs.
QE and Greek exit fears lead Euro to plummet
The Eurozone’s single currency fell to its lowest value in nearly a decade today amid suggestions that the European Central Bank (ECB) may resort to quantitative easing.
Norwegian banks sign up to $157m payment technology contract
Nordic IT company EVRY has landed a NOK 1.2 billion ($157m) contract to supply four Norwegian banks with payment services.
UK public finances improved thanks to Forex fines
Fines paid by banks in the foreign exchange scandal have improved the UK’s public finances overall, giving Chancellor George Osborne a break as he tries to show voters he can keep on bringing down the deficit.
China’s finance firms target Europe’s distressed assets
Beijing is urging Chinese financial institutions to push beyond emerging markets and buy up distressed banking assets in Europe.
Bribery is on the rise – and Western countries are the culprits
As JJB Sports’ former CEO faces fraud charges for taking £1m in bribes from suppliers, research suggests that most bribes are paid in developed countries, with the full knowledge of senior management.
Firms bid for bitcoin drug money
This afternoon, the US Marshals Service will auction 50,000 Bitcoins that were seized when online drugs marketplace Silk Road was shut down by the FBI last year.
