This week, PayPal announced that it was cutting the apron strings with parent company EBay, leaving many scrambling to work out what the next steps will be for the payments giant. Daniela Mielke, the company’s former vice president for global strategy, has some ideas.
Hot on the heels of its “blockbuster” IPO listing on Wall Street earlier this month, the world’s biggest e-commerce group has now secured a Chinese private banking licence for its financial affiliate.
Neil Woodford, one of the UK’s most successful fund managers, has spoken out against his own industry by criticising managers for simply “following the herd” while charging extortionate fees.
The United Arab Emirates’ Securities and Commodities Authority (SCA) has issued new rules that could make it a key area for bond and sukuk insurance, says the rating agency Fitch.
Supermarket price wars helped to push down the annual rate of UK inflation last month, according to the Office for National Statistics, with the cost of food, non-alcoholic drinks and petrol all in decline.
Rapidly growing emerging market funds and clustered investor flows are creating “vulnerabilities” in the developing world, according to a report released yesterday by the Bank for International Settlements.
RBS, Lloyds, Standard Life and Clydesdale Bank have said that they will shift their headquarters to London if Scotland leaves the UK.
Toronto-based payment and FX company GFX Partners has been acquired by AFEX, one of the world’s largest non-bank global payment and risk management solution providers.
A series of abandoned takeover bids by US companies have led to UK mergers and acquisitions hitting a record low in the second quarter of 2014.
Catalonian CaixaBank will buy Barclays’ Spanish arm for just €800m (£630m), taking control of 250 branches and more than half a million client accounts in the process.
