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Financial
Fintech Drives The Banking Sector: Barclays Employs Third Tech Tool
September 29, 2020 04:40 AM AEST| By Kunal SawhneyDriving ahead the strategic initiative of employing fintech tools to better service its customers, Barclays plc (LON: BARC) recently partnered with Propel, a specialist asset finance provider, to provide its one million small-and medium-size custom.....
Natwest And Lloyds In Focus As They Intend To Payout Dividends
September 28, 2020 11:11 PM AEST| By Team Kalkine MediaSummary In these tough times of the Covid-19 pandemic, the UK lenders have been continuously trying to save the economy from a downfall Shareholder returns have been significantly down since the beginning of the year 2020, resulting from divide.....
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Fintech Firms Start Hedging for No-Deal Brexit, Revolut Moves Business Customers to Lithuania
September 24, 2020 01:20 PM AEST| By Team Kalkine MediaThe coronavirus pandemic has resulted in severe loss across the sectors. The UK witnessed a huge surge in job redundancies due to lockdown induced by the unprecedented crisis. Since July, the businesses across the sectors have reopened with support.....
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HSBC’s Ponzi Scam Return to Haunt with A Major Global Money-Laundering Scandal
September 21, 2020 10:10 PM AEST| 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.....
Recent Updates on Two LSE Listed Financial Players: Investec PLC & John Laing Group PLC
September 18, 2020 11:25 PM AEST| 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.....
Will the Fintech Pledge Prove to Be Beneficial For UK Banking Majors?
September 16, 2020 11:20 PM AEST| 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.....
Aviva’s Stock Closes 5 Per Cent Higher Post Insurer’s Decision To Sell Singapore Business
September 14, 2020 08:44 AM AEST| 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 14, 2020 05:26 AM AEST| 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 10:10 AM AEST| 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.....
Performance Review of Two Financial Stocks - Nucleus Financial Group PLC & STM Group PLC
September 09, 2020 11:34 PM AEST| 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 09, 2020 05:25 AM AEST| 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 11:00 PM AEST| 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 11:35 AM AEST| 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 06, 2020 07:45 AM AEST| 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 05, 2020 01:07 AM AEST| 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 11:30 PM AEST| 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 30, 2020 04:44 AM AEST| 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.....
Quick Insights on Two LSE Stocks into Lending Business: OneSavings Bank PLC & Provident Financial PLC
August 28, 2020 11:11 PM AEST| By Hina ChowdharySummary OneSavings Bank's net loan book increased by 2 percent year on year and it reported a profit after tax of £119.2 million in H1 FY2020. The Bank provided a mortgage payment holiday to approximately 26,000 mortgage accounts. Provid.....
Performance Review of Two FTSE Listed Insurance Stocks: Admiral Group & Direct Line Insurance Group
August 24, 2020 11:20 PM AEST| By Team Kalkine MediaSummary Admiral Group provided motor insurance rebate of close to £110 million to existing motor insurance customers in H1 FY2020. Admiral Group's turnover increased by 2 percent year on year, excluding the impact of the premium rebate in.....
Is it Still Relevant to own Banking Sector Stocks like Lloyds & NatWest Group?
August 20, 2020 11:00 PM AEST| By Hina ChowdharySummary The financial sector has been under pressure with most of the economic activities getting halted due to the unprecedented crisis FTSE 100 listed UK lenders are in a much stronger position than they were during the financial crisis of 20.....
AI on the Rise: A Look at Top AI Companies and Their Stocks