Barclay's Bob Diamond says banks 'must take risks'
In a wide-ranging interview Bob Diamond talks of risk, market rigging and why RBS is worse than Barclays. Source by [author_name]
John Lewis profits slump 99% in ‘challenging times’
Image copyright Reuters Profits at John Lewis have fallen to almost zero in the first half of its financial year. Sir Charlie Mayfield, chairman of the John Lewis Partnership, said: “These are challenging times in retail”. The owner of the department store chain and Waitrose supermarkets had warned in June that its half-year profits would …
Was the class of 2008 the unluckiest in history?
Around 1.5m students graduated from US universities just as the financial crash upended the economy. Source by [author_name]
How safe are my savings after the financial crisis?
Image copyright Science Photo Library Image caption The Taimyr herd is one of the most monitored groups of reindeer in the world Savers – like the wild reindeer of Russia’s Taimyr Peninsula – move for protection. Rising temperatures and human activity have changed the migration patterns of the world’s largest wild reindeer herd. The threat …
‘I wanted to set up the antithesis of Lehmans’
Nikolay Storonsky, Emilie Bellet and Anil Stocker were three young graduates working at Lehman Brothers when the bank went bust in 2008. They each wanted to use their experiences to start their own financial services companies for ordinary people and small businesses. Nikolay set up Revolut, Emilie founded Vestpod, and Anil co-founded MarketInvoice Source by …
Viewpoint: What can stop India’s rupee plunge?
Image copyright Getty Images The Indian rupee is languishing at a record low, hit by a combination of forces including higher oil prices and fleeing foreign investors. Pressure is mounting on India’s central bank to act as a weak rupee stokes fears in the country’s swelling middle class, writes Vivek Kaul. At the beginning of …
The UK’s growing tech trade ties with Israel
Image caption Trade ties between the UK and Israel are growing strongly, particularly in the technology sector Ami Daniel doesn’t see Brexit as a reason to hold off expanding his company in the UK. “We intend to invest more and more in London,” says the Israeli businessman, who recently opened an office in London. Mr …
Oil pushes past $80 as Iran fears mount
Image copyright Reuters Oil has risen above $80 a barrel to its highest level this year amid concerns about supplies from Iran and a fall in US stockpiles. Brent crude rose more than 1% to $80.13 – the first time it has breached $80 since late May. The rise reflects concern about the impact of …
Former Woolworths worker 'had to make sacrifices'
Former Woolworths employee Earl Marchan tells the BBC how the financial crisis affected him. Source by [author_name]
Apple unveils iPhone XS and fall-detecting Watch
Image copyright Apple Apple has updated its iPhone X handset with three more powerful models, two of which are larger than before. The iPhone XS Max has a 6.5in (16.5cm) display. The iPhone XS has the same 5.8in-sized component as the original. The iPhone XR’s screen is 6.1in but is lower quality. A new smartwatch …