Banking And Finance NEWS

RoFx – The Pioneer of Algorithmic Trading Is All Set For The IPO

Introduction  We have seen the Forex market being extremely volatile in 2020 due to the uncertainties caused by the pandemic across the world. This caused a lot of Forex traders to show their … Continue reading “RoFx – The Pioneer of Algorithmic Trading Is All Set For The IPO”


Bank of England asks banks if they are ready for negative rates

The Bank of England has contacted UK banks to ask them how ready they would be if the base rate was cut to zero or turned negative. Although the Bank has no current … Continue reading “Bank of England asks banks if they are ready for negative rates”


Covid-19 ‘bounce back’ loans could cost UK taxpayers £26bn

Up to 60% of borrowers may default on business loans provided through the UK Government’s Bounce Back Loan Scheme, the National Audit Office (NAO) has warned. A new report by the spending watchdog … Continue reading “Covid-19 ‘bounce back’ loans could cost UK taxpayers £26bn”


TSB announces branch closures as more customers bank online

TSB is to close a third of its branches and cut around 900 jobs, citing a change in customer behaviour with a “marked shift to digital banking”. Fewer customers are using branches and … Continue reading “TSB announces branch closures as more customers bank online”


UK mortgage approvals reach 13-year high

Lenders approved 84,700 mortgages for UK home purchases in August, according to new data from the Bank of England. Approvals climbed to the highest level since October 2007, just before the global financial … Continue reading “UK mortgage approvals reach 13-year high”


FCA proposes ‘radical’ general insurance reforms

Existing customers should pay no more than new customers for home and motor insurance, according to the financial regulator. After concluding its market study into the pricing of home and motor insurance, the … Continue reading “FCA proposes ‘radical’ general insurance reforms”


5 Ways to Finance a Business Acquisition

Starting a business comes with its challenges but one of the major things that determine the success of the project is the finance aspect. The same applies to purchase a business, as getting … Continue reading “5 Ways to Finance a Business Acquisition”


What is Arbitrage in Currency Trading?

One of the forex strategies attracting interest among retail traders is currency arbitrage, mainly because it is assumed to be “risk-free”. Although that’s not the case (as we’re about to see in the … Continue reading “What is Arbitrage in Currency Trading?”


Lloyds Banking Group told to change ‘bounce back’ loan terms

The Competition and Markets Authority (CMA) has criticised Lloyds Banking Group for forcing small business customers to open a business current account when taking out a Bounce Back Loan. The group, which includes … Continue reading “Lloyds Banking Group told to change ‘bounce back’ loan terms”


Co-op Bank to close 18 branches

The Co-operative Bank has announced plans to cut around 350 jobs and close 18 branches across the country. The high street bank said that the move was necessary due to the current economic … Continue reading “Co-op Bank to close 18 branches”


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