Earlier in May, JP Morgan acquired the majority stake in First Republic Bank, and now it seems that the troubled bank’s new owner will reduce its workforce by 15 percent. Earlier this year, problems at regional American banks raised concerns about a more widespread banking crisis, as reported by the BBC. Financial firm and commercial … Continued
In contrast to several banks in the US, European banks are strong, according to their own assessment and analysts. According to these experts, metrics show that European bank complexes appear stronger and more attractive than their counterparts in the US. This was revealed during the Institute of International Finance conference in Brussels this week, as … Continued
Following the collapses of US banks and the banking turbulence in Switzerland, the ECB plans to introduce stricter liquidity requirements for banks. Bloomberg reports that the European Central Bank (ECB) is intensifying its review of banks’ liquidity reserves. The background is the bank collapses in the US and Credit Suisse’s near-collapse in Switzerland before UBS, … Continued
Hedge funds’ returns have been inconsistent in recent years. However, they still carry an aura of being manned by the smartest investors in the investment community. Therefore, their activities are closely monitored by the market. The latest statistics do not reassure the rest of the investment community. According to a compilation by investment bank Goldman … Continued
As a business owner, you know that accepting credit and debit cards is essential to growing your customer base and sales. You also know that finding the right merchant services provider is crucial to ensuring that your customers have a positive experience when they make a purchase from your business. When you’re looking for a … Continued
Every successful business needs support to start up, compete and grow. This can range from making sure your business has the right mix of talent available so you can build a skilled workforce, to making sure you’re able to access the right kind of finance when you need capital to grow. Wherever you are in … Continued
Keith Morgan, CEO of the British Business Bank, discusses some of initiatives that the British Business Bank are working on to support growing businesses. The British Business Bank has a clear mission: to change finance markets for smaller businesses so they work more effectively and dynamically. By doing so, we play our part in supporting … Continued
Taking on short-term debt is an often indispensable means of helping SME businesses grow and weather unplanned demands on cash flow. And in 2017, borrowing is projected to rise. The latest Zurich SME Risk Index shows SMEs plan to borrow an average of £41,770 – a 22% increase on 2016. With hundreds of business banking providers and … Continued
With the first two years often being ‘make or break’ for business start-ups, ensuring you have ready access to cash flow, low transactional fees and the support of your business banking provider is critical. So what should you focus on? One of the most important financial decisions for a business start-up. As a business start-up, choosing the right business current … Continued
While the big five business banking providers may have the lion’s share of the SME market, a recent large-scale research study reveals Britain’s SMEs rate the UK’s smaller ‘challenger’ banks more highly. Thousands of SMEs were interviewed and asked to score their current account provider across ten key criteria. So who scored best? Who are … Continued
