Category: Banking

Cashing out? Why banking sector as we know it is doomed

Author: webeditor

The banking sector is finding it difficult to build new products based on consumer data preference, as more agile fintech firms without the shackles of legacy IT infrastructure storm ahead in this area. Hazel Moore, co-founder and chairman of FirstCapital,... Read more

Who controls the future of finance?

Author: webeditor

Best-selling author Chris Skinner ponders the power struggle between old, nowadays and future of finance industry. There’s an old joke about the guy lost driving in the countryside who stops to ask a pedestrian how to get to the city.... Read more

File photo dated 03/04/13 of a branch of the Royal Bank of Scotland which has posted its third consecutive quarter in the black after swinging to a third quarter profit. PRESS ASSOCIATION Photo. Issue date: Friday October 27, 2017. The bank, which is still 72% owned by the taxpayer, recorded a £392 million profit for the three months to September 30, which compares with a £469 million loss in the same period last year. See PA story CITY RBS. Photo credit should read: Philip Toscano/PA Wire

RBS posts third consecutive quarterly profit

Author: webeditor

Royal Bank of Scotland (RBS) has posted its third consecutive quarter in the black after swinging to a third quarter profit. The bank, which is still 72% owned by the taxpayer, recorded a £392 million profit for the three months... Read more

File photo dated 05/02/13 of a branch of Barclays, which reported reported a third quarter pre-tax profit of £1.1 billion compared to £837 million last year, the bank said. PRESS ASSOCIATION Photo. Issue date: Thursday October 26, 2017. See PA story CITY Barclays. Photo credit should read: Joe Giddens/PA Wire

Barclays shares fall on investment banking woe

Author: webeditor

Shares in Barclays tumbled after poor trading at its investment banking arm overshadowed a rise in third-quarter profit. The lender said pre-tax profit rose from £837 million to £1.1 billion, with boss Jes Staley describing the period as “particularly significant”.... Read more