PopMuse: Financial Services Sector http://popmu.se Musings of stuff en-us Copyright 2007-2020 http://creativecommons.org/licenses/by-nc-sa/3.0/ UK regulator launches investigation into Amigo Loans https://www.ft.com/content/c6c82f0f-0118-4042-8c10-748b4c353957 https://www.ft.com/content/c6c82f0f-0118-4042-8c10-748b4c353957 Mon, 01 Jun 2020 07:23:17 UTC Financial services FCA probing how subprime lender assessed customers’ creditworthiness http://creativecommons.org/licenses/by-nc-sa/3.0/ Does Labour really need to 'repair' its relationship with the City? | James Meadway https://www.theguardian.com/commentisfree/2020/jun/01/labour-the-city-share-finance https://www.theguardian.com/commentisfree/2020/jun/01/labour-the-city-share-finance Mon, 01 Jun 2020 06:00:34 UTC James Meadway at Financial sector | The Guardian The party’s dealings with finance have always been tricky. These are the three issues the opposition should keep in mindReports in the Financial Times that Labour’s new shadow City minister wants to “repair bridges” with Britain’s financial services industry read oddly to me. I remember accompanying the then shadow chancellor, John McDonnell, on his “tea offensive” meetings with City figures – with the emphasis on the cups of tea and digestive biscuits, rather than the offence.�McDonnell had the great advantage of dramatically low expectations among the bigwigs of high finance, who (as he joked to them) would turn up half-expecting to be sent to a re-education camp by the end of the meeting. They actually left, as far as could be told, pleasantly surprised. But behind the joke, and McDonnell’s personal charm, was a serious attempt to address the issue that any Labour shadow chancellor or chancellor will run up against: what is the party’s relationship to finance? Continue reading... http://creativecommons.org/licenses/by-nc-sa/3.0/ Does Labour really need to 'repair' its relationship with the City? | James Meadway https://www.theguardian.com/commentisfree/2020/jun/01/labour-the-city-share-finance https://www.theguardian.com/commentisfree/2020/jun/01/labour-the-city-share-finance Mon, 01 Jun 2020 06:00:34 UTC James Meadway at Banking | The Guardian The party’s dealings with finance have always been tricky. These are the three issues the opposition should keep in mindReports in the Financial Times that Labour’s new shadow City minister wants to “repair bridges” with Britain’s financial services industry read oddly to me. I remember accompanying the then shadow chancellor, John McDonnell, on his “tea offensive” meetings with City figures – with the emphasis on the cups of tea and digestive biscuits, rather than the offence.�McDonnell had the great advantage of dramatically low expectations among the bigwigs of high finance, who (as he joked to them) would turn up half-expecting to be sent to a re-education camp by the end of the meeting. They actually left, as far as could be told, pleasantly surprised. But behind the joke, and McDonnell’s personal charm, was a serious attempt to address the issue that any Labour shadow chancellor or chancellor will run up against: what is the party’s relationship to finance? Continue reading... http://creativecommons.org/licenses/by-nc-sa/3.0/ Cinven fears being stuck with big stake in Thyssenkrupp lift business https://www.ft.com/content/df7c876c-8fb1-4dbc-9662-dab162970f24 https://www.ft.com/content/df7c876c-8fb1-4dbc-9662-dab162970f24 Mon, 01 Jun 2020 04:23:32 UTC Financial services Group seeks to trim exposure to �17.2bn megadeal struck just as pandemic began http://creativecommons.org/licenses/by-nc-sa/3.0/ Market Snapshot: Stock-market futures knocked around as U.S. cities rocked by protests amid pandemic http://feeds.marketwatch.com/~r/marketwatch/financial/~3/kbRXTI2qrVA/story.asp http://feeds.marketwatch.com/~r/marketwatch/financial/~3/kbRXTI2qrVA/story.asp Mon, 01 Jun 2020 04:15:53 UTC MarketWatch.com - Financial Services Industry News U.S. stock-index futures bounced around in thin trading early Monday morning, amid violent protests that reverberated throughout the country. http://creativecommons.org/licenses/by-nc-sa/3.0/ Asia Markets: Asian markets rise on ‘sigh of relief’ over Trump’s response to China http://feeds.marketwatch.com/~r/marketwatch/financial/~3/OxYsehMfq44/story.asp http://feeds.marketwatch.com/~r/marketwatch/financial/~3/OxYsehMfq44/story.asp Mon, 01 Jun 2020 03:57:51 UTC MarketWatch.com - Financial Services Industry News Asian markets gained in early trading Monday as President Donald Trump’s response Friday to China’s new law reining in Hong Kong was not as bad as feared. http://creativecommons.org/licenses/by-nc-sa/3.0/ Regulators and accountants set for ‘going concern’ hit to markets https://www.ft.com/content/7f099e34-f8f2-4979-939a-624f9e0162e5 https://www.ft.com/content/7f099e34-f8f2-4979-939a-624f9e0162e5 Mon, 01 Jun 2020 03:00:37 UTC Financial services Rising fears of a wave of audit warnings across broad range of sectors http://creativecommons.org/licenses/by-nc-sa/3.0/ Women-led hedge funds beat male rivals in coronavirus crisis https://www.ft.com/content/5aa6f6e9-ce55-477b-920b-0a099fc0642b https://www.ft.com/content/5aa6f6e9-ce55-477b-920b-0a099fc0642b Mon, 01 Jun 2020 03:00:37 UTC Financial services Small cluster of women-run funds avoided some of the broader losses http://creativecommons.org/licenses/by-nc-sa/3.0/ Key Words: The stock market now has another risk ‘bubbling up,’ strategist warns http://feeds.marketwatch.com/~r/marketwatch/financial/~3/8Ror5dVeCbQ/story.asp http://feeds.marketwatch.com/~r/marketwatch/financial/~3/8Ror5dVeCbQ/story.asp Mon, 01 Jun 2020 01:55:16 UTC MarketWatch.com - Financial Services Industry News Meghan Shue, investment strategist as Wilmington Trust, says that while the coronavirus is still the biggest risk facing the stock market, another freshening headwind could hobble the recent rally. http://creativecommons.org/licenses/by-nc-sa/3.0/ Key Words: The stock market isn’t reflecting reality... yet, warns Citigroup http://feeds.marketwatch.com/~r/marketwatch/financial/~3/yrFiw62UXkg/story.asp http://feeds.marketwatch.com/~r/marketwatch/financial/~3/yrFiw62UXkg/story.asp Sun, 31 May 2020 22:00:27 UTC MarketWatch.com - Financial Services Industry News Manolo Falco, Citigroup’s co-head of investment banking explained to the Financial Times why he believes the firm’s corporate clients should raise as much cash as possible before the reality of the pandemic sinks in for investors http://creativecommons.org/licenses/by-nc-sa/3.0/