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Financial
FTSE 100 Tumbles Amidst Pandemic Resurgence Fears And FinCEN Leaks
September 22, 2020 01:30 PM BST| By Team Kalkine MediaSummary The FTSE 100 index lost nearly 3.38 per cent of its value in trading on 21 September 2020, wiping off nearly £51 billion of investors wealth, its worst performance in three months. The reason for this market reaction was the brief.....
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HSBC’s Ponzi Scam Return to Haunt with A Major Global Money-Laundering Scandal
September 21, 2020 01:10 PM BST| By Team Kalkine MediaSummary UK’s largest bank HSBC has been alleged of profiting from powerful and dangerous players since last two decades despite red flags about the origin of those funds. The role of the bank in the scam came to light after suspicious act.....
Pound Falls As Interest Rates Could Turn Negative In 2021
September 20, 2020 01:25 AM BST| By Team Kalkine MediaThe Bank of England (BoE) has informed that its officials are preparing for a possibility of pushing the interest rates below zero during the next year 2021 to drive the private sector investments across Britain. Many other regions such as the Eur.....
Services of NatWest And RBS Interrupted By Outages
September 18, 2020 10:09 PM BST| By Team Kalkine MediaSummary 16 September 2020 was a bad day for NatWest and Royal Bank of Scotland customers The impacted customers took to twitter handle to complain about their struggle with their online accounts Some of them were unable to log in, make payment.....
Recent Updates on Two LSE Listed Financial Players: Investec PLC & John Laing Group PLC
September 18, 2020 02:25 PM BST| By Team Kalkine MediaSummary Investec had third party funds under management of £51.4 billion as on 31 August 2020. It had Customer deposits of £32.3 billion and Core loans of £24.5 billion. John Laing Group signed a deal to sell its 30 percent s.....
High Court rules in favour of policyholders for business interruption case
September 17, 2020 08:52 PM BST| By Team Kalkine MediaSummary In the business interruption case, the High Court ruled in policyholders’ favour. The Court directed the insurers to pay the businesses that were forced to close because of the coronavirus pandemic. The FCA brought a test case to.....
Will the Fintech Pledge Prove to Be Beneficial For UK Banking Majors?
September 16, 2020 02:20 PM BST| By Hina ChowdharySummary Tech Nation has announced a Fintech Pledge in collaboration with the Fintech Delivery Panel and the HM Treasury The five most prominent banks of the United Kingdom Barclays, HSBC, Lloyds Banking Group, NatWest Group and Santander have j.....
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BoE under pressure from investors to lift ban on dividend payouts by banks
September 15, 2020 01:00 PM BST| By Team Kalkine MediaSummary The BoE has been under pressure from the investors to lift the restrictions on banks to issue dividend payouts to the shareholders. The plea from the investors followed the decision by the ECB, which might allow some banks to start payi.....
Aviva’s Stock Closes 5 Per Cent Higher Post Insurer’s Decision To Sell Singapore Business
September 13, 2020 11:44 PM BST| By Team Kalkine MediaSummary Investors rewarded Aviva’s stock as it closed 5.02 per cent higher at £303.20 on 11 September 2020, when it announced to sell its Singapore business. Aviva would sell the Singapore unit to a consortium led by Singapore Life .....
A Banking Stock Worth Looking for Despite the Devastation
September 13, 2020 08:26 PM BST| By Team Kalkine MediaDuring the pandemic and the ensuing lockdown, the banking sector remained operational, while many struggled with their business, one of the banking major concentrated on improving its operational efficiencies. The LLOYD BANKING GROUP Plc emphasised o...
Covid-19 Impact: Lloyd's Of London Expects £5 Billion In Insurance Pay-Out for The Year
September 13, 2020 01:10 AM BST| By Team Kalkine MediaSummary The world’s biggest insurance market, Lloyd’s of London expects up to £5 billion to be paid out in claims related to Covid -19 The claims related to the Covid-19 pandemic amounted to £2.4 billion in the first hal.....
Lloyds Bank to axe jobs as part of its restructuring plans
September 11, 2020 05:15 PM BST| By Team Kalkine MediaSummary Llyods bank announced to cut around 865 jobs and simplify its business as part of its restructuring plans. Llyods bank has restarted the restructuring plans that began before the outbreak of the coronavirus pandemic. Llyods ban.....
Performance Review of Two Financial Stocks - Nucleus Financial Group PLC & STM Group PLC
September 09, 2020 02:34 PM BST| By Hina ChowdharySummary Nucleus Financial Group reported assets under administration of £15.8 billion at the end of H1 FY2020. The Company had net revenue of £22.2 million in H1 FY2020. The Company witnessed fall in assets under administration at t.....
CMA Cracks Down On Lloyds Bank For Unfair Practices
September 08, 2020 08:25 PM BST| By Team Kalkine MediaIn its latest crackdown on unfair business practices, the Competition and Markets Authority (CMA) of the United Kingdom has restricted Lloyds bank from forcing its customers to open current accounts to avail government loans under the “Bounce.....
What’s Causing the Fall in the Share Price of Lloyd Banking Group?
September 07, 2020 02:00 PM BST| By Hina ChowdharySummary The financial institutions have already seen losses and financial crunch in the last few months due to this pandemic Lloyds Bank Plc has been dithering on the stock exchanges since the outbreak of Covid-19 Lloyds Banking Group is consi.....
Fear of Default by Small Businesses May Lead the Banks to Foreclose the Coronavirus Loans
September 06, 2020 02:35 AM BST| By Team Kalkine MediaSummary Banks are eager to foreclose the emergency coronavirus loans availed by the SMEs The UK’s treasury has turned down the idea of setting up a COVID-19 debt bank Around £38 billion was disbursed as loans under the government b.....
An Insurance Stock Continuously Building Resilience for the Future Growth
September 05, 2020 10:45 PM BST| By Team Kalkine MediaThe Covid-19 outbreak has compelled everyone to re-think about their future strategy, be it business or the individual; everyone is looking to make their future more secure than ever. While businesses are looking to find means to survive and thrive,...
HSBC To Restrict Offering Low-Deposit Mortgages- Do the First-Time Home Buyers Need to Worry?
September 04, 2020 04:07 PM BST| By Team Kalkine MediaSummary HSBC Holdings Plc has decided to stop offering lower deposit mortgages Finding lower deposit mortgage is like finding a needle in a haystack Maximum LTV of 75 per cent is standard across the industry and Nationwide Building Society is .....
Quick Glance on Two Dividend Yielding REITs - Tritax Big Box REIT PLC & Warehouse REIT PLC
September 04, 2020 02:30 PM BST| By Hina ChowdharySummary Tritax Big Box reported net rental income of £78.8 million, which increased by 13.9 percent year on year in H1 FY2020. The income was supported due to the substantial rent collection. The adjusted earnings per share were 3.26 penc.....
PPI Claims Back to Haunt Lloyds Bank Following the New Court Ruling
August 29, 2020 07:44 PM BST| By Team Kalkine MediaSummary A recent ruling by a court in the UK over the PPI scandal has opened the way for fresh claims to be brought against most banks in the country which has already bled billions in compensation claims over the past ten years. The new ruling.....
