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Metro Bank reaches 500,000 accounts
Metro Bank, the UK’s first new high street bank in more than 100 years, has reached its half millionth customer milestone as the bank announces its quarter one financial statement to 31 March 2015.
The bank saw a 56% increase in accounts…
Online art market grows 68% to $2.64 billion
Recent research from specialist insurer Hiscox has revealed increased confidence in buying art online.
According to the Hiscox Online Art Trade Report 2015, the value of the online art market has risen from $1.57 billion (€1.46 billion)…
VCT aggregate dividends reach all-time high
With this month marking the 20th anniversary since Venture Capital Trusts (VCTs) were created, figures from the Association of Investment Companies (AIC) show that the level of aggregate dividends is at its highest annual level since VCTs…
Investor sentiment for UK government bonds falls
April has seen the largest fall in sentiment towards UK government bonds, according to the monthly Lloyds Bank Private Banking Investor Sentiment Index. Net investor sentiment for the asset class declined five percentage points (-5pp)…
FCA fines Bank of New York Mellon £126 million
The Financial Conduct Authority (FCA) has fined The Bank of New York Mellon London Branch and The Bank of New York Mellon International Limited £126 million (€175 million) for failing to comply with the FCA Client Assets Sourcebook (Custody…
UK companies severely undervalued, new report claims
A joint report from Brand Finance with the Chartered Institute of Management Accountants (CIMA) shows that companies have more than $1.58 trillion (€1.5 trillion) of assets unaccounted for, and calls for valuation of the UK’s ‘intangible…
Salaries drop for female accountants
The gender pay gap for ICAEW Chartered Accountants working in business has widened, with women over 45 seeing the biggest drop in salaries from last year, according to the latest salary survey from ICAEW and Stott & May.
According to…
UK’s wealthy pensioners in part-time work
Almost a million wealthy retirees in the UK plan to work part-time rather than raid their pension pots, despite new freedoms allowing them to do so from April 6, according to a report from RetireEasy.co.uk, the independent, free…