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Banking
Barclays Agrees $2.8 Billion Deal To Buy London Mortgage Lender
British bank Barclays has reached a deal with approximately $2.8 billion (£2.3 billion) to buy specialist lender Kensington Mortgage Company as it pushes forward its influence in the UK housing market. The deal represents one of the bank’s…
Hybrid Cloud And The Edge Will Revolutionise Banks In The Next 10 Years
Whatever the short-term economic conditions, we can be certain of two things in the financial sphere. The first is the current heavy trend toward cloud migration in banking will continue and the second is that financial organisations will…
Business Banking For SMEs: The Next Key Target For Digital Banking Across The Globe
If you eliminate serving larger corporations due to the large capital requirements and risk of a single borrower bringing down a bank when it is still small and not as well-capitalised, the real decision in setting up a digital bank is…
Pound Sterling Slips While US Dollar Remains Strong
On Friday, the pound sterling slipped against a strengthening US dollar despite gains made a day earlier after the Bank of England upped interest rates.
Wall Street Loudens Recession Warning Following Fed Rate Hike
On Wednesday, the Federal Reserve announced its largest increase in interest rates since 1994, loudening Wall Street analyst warnings of a recession hitting the United States.
