Big banks push forward with blockchain

Cost savings and low returns drive lenders into working with system underpinning bitcoin

Kenya to cap interest rates on bank loans

President defies opposition from the central bank and industry

Blockchain PICN

Blockchain may help banks renew image

The big appeal is that the technology should save financial companies money, writes Patrick Jenkins

Accountancy’s Big Four need competition

The PwC case shows the auditing oligopoly requires an overhaul

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Mortgage insurers step into the M&A light

Arch Capital’s purchase of UGC underlines industry’s renaissance

Apollo to pay $53m for misleading clients

SEC ramps up scrutiny of fees charged by private equity groups

SABMiller exit shrinks springbok herd

Beginning of the end looms for South Africa’s City adventure

AIG: last men standing

Cost-cutting has kept Carl Icahn at bay

Big banks plan new digital currency

Group of major lenders seeks industry standard for settlements


Pensions crunch drives desire for gilts

Policies to keep economy growing are adding to schemes’ deficits

Khan cut-price deal to boost affordable homes

London mayor allows TfL to sell land below market value

Persimmon: key to business

Builder looks as safe as houses, if the government pays for them

Bank of Montreal shrugs off oil price drop

Lender’s profits rise augurs well for nation’s banking sector

US charity foundations hit by zero returns

Tough choice of eating into endowments or cutting activities

Co-op Bank to hire BofA as adviser

UK lender to bring US bank on board over potential sale

UK funds hit by £5bn in outflows in July

Asset managers suffer worst redemptions in 3 years

Past issues slow RBS’s plan to go private

Reimbursing the taxpayer is likely to take some time yet

China’s Anbang explores public listing

Acquisitive financial group asks banks for pitches

Negative rates are not that dramatic

Division among policymakers reflects what has distorted debate

Polish insurer in talks to buy Bank Pekao

PZU looks to build a lending business by acquiring Poland’s second-largest bank

SGX considers dual-class voting rights

Singapore bourse looks to boost attractiveness for IPOs

Persimmon brushes off Brexit concerns

Housebuilder beats expectations with first-half results

Pensions and bonds: the problem explained

Bond mathematics and the scale of pension deficits

China poised for credit default swap market

People’s Bank of China looks set to approve the hedging schemes

Gulf mixer turns Chinese fixer

Amanda Staveley is key in Chinese group’s move on Liverpool FC

Banks cannot stop being villains of the piece

Ultra-low interest rate environment forces banking industry to be more creative

Two top asset managers to drop bonuses

Neil Woodford and Daniel Godfrey rethink rewards for executives

SGX and Baltic Exchange agree terms

London-based bourse compiles the Baltic Dry Index

Nikkei/Topix difference matters more now

BoJ set to own, indirectly, roughly 5% of the market by next year

Shareholder dispute dents Vanke results

Property developer says tussle has shaken investor confidence and upended projects

China Vanke: play nicely

Poor half may have been the shock the property developer needed

Ex-SAC fund manager bucks trend with launch

New equities fund comes in worst year for hedge fund launches for a decade

Corporate Asia cashes in on Olympic fever

Global law firm backs London post-Brexit

Baker & McKenzie head predicts city will remain key legal centre

Investors face disappointing UK dividends

UK payouts hit by weak pound and cuts by big groups

Fed firepower in focus at Jackson Hole

Fresh ideas on ways to fight future downturns on agenda

India signals continuity with bank chief

Like his predecessor, he is a globally respected academic

Monetary policy lacks muscle for growth

The answer must be to strengthen our economies’ potential to create jobs, writes Michael Heise

BBVA warns bonus cap hurts tech push

Lender urges European rule be diluted because it affects hiring of fintech specialists

FCA reviews blockchain companies

Consumers close to using products based on process behind bitcoin


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