Anne Boden had left UK’s top banks as she was disillusioned with the sector. The financial crash and emerging technologies presented vast opportunity for change, but change it would not, and Boden was increasingly frustrated and decided to do something radical and set up her own bank. In her latest book Anne reveals how she…
Tim Leissner, an ace US investment banker bringing in tens of millions of dollars in revenues, pleaded guilty to bribery, conspiracy and money laundering charges in connection with a vast fraud at Malaysia’s State Development fund 1Malaysia Development Berad (1MDB scandal, his actions make him the pariah inside the bank and pose the greatest threats…
Italy has the biggest sovereign debt market in the Eurozone. LSE group is to shift bond trading to Milan ahead of Brexit and lose its status as the first port of call for European governments selling bonds. From 1st of March 2019, only the UK government and UK-based banks will use a London-based arm of…
The Pound and shares in housebuilders and banks took a nosedive after Cabinet ministers Brexit Secretary Dominic Raab and Work and Pensions Secretary Esther McVey, followed by Northern Ireland minister Shailesh Vara, Brexit minister Suella Braverman and Parliamentary private secretaries Anne-Marie Trevelyan and Ranil Jayawardena quit over Prime Minister Theresa May’s draft Brexit deal. On…
Oliver Bullough argue in his latest book Moneyland: Why Thieves and Crooks Now Rule the World and How To Take It Back, that the current financial system is broken and is actively damaging society, corruption and ideptocracy is not a symptom of a bust society but is a root cause. Oliver Bullough a former…
Fabiana Adbel-Malek (36), a former UBS compliance officer in London, frequently accessed bank’s internal databases for the latest information on takeovers UBS was working on and improperly passed the details to her friend, Walid Choucair (39) in Tramp, a private Mayfair members club and used burner phones to impart inside information that would net £1.4m…
This is the story of 1MDB, the Malaysian State investment fund unravelled earlier this year under the scrutiny of several international probes. Whose repercussions travelled from Asia to Hollywood and toppled a government. Founded by Najib Razak, the former Malaysian prime minister who was voted out of office after an election dominated by scandal and…
The Bank of England has raised the interest rate by 0.25 % to 0.75%- the highest level since March 2009. This move will increase the interest costs of more than three-and-a-half million residential mortgages that have variable or tracker rates. It will be welcomed by savers, who could see a lift in their interest rates…
Karl Marx when discussing economic inequality and the socialist criticism of the free market system (capitalism) implying the perceived inevitability called the “Law of increasing Poverty”. Germany’s manufacturing sector is twice the size of Britain’s 23 per cent of national GDP, compared with 11 per cent according to World Bank. Germany has been thriving as…
Punjab National Bank’s retired deputy manager Gokulnath Shetty, who was posted in Mumbai, cleared over 13, 000 transactions of £110, 632 beyond his authorised £27,658limit to be part of India’s biggest fraud of over £1.7bn revealed by an internal probe. Shetty also sent 35 emails on high value transactions by jeweller Nirav Modi to PNB’s…