If the Bank of England’s Monetary Policy Report is right, there’s some £125 billion lying around the back of the UK’s savings sofa. During the pandemic crisis, we’ve stayed in and done little. Those households with income have found themselves with accumulated cash. We reported here on Goldman Sachs’ attempt to get some of that, […]
Just about everyone’s heard of Bitcoin – but relatively few know how to buy and hold it. Hot and cold wallets, forks, and coin exchanges… It’s all a far cry from calling up a financial adviser and placing an order for a mainstream financial product. The process of change, ie of increasing normalisation, does however […]
The bitcoin-led assault on mainstream finance continues. This set of prognostication comes from our friends at Crowdfundinsider. This is piece, partially featured already in our News section, is one we roundly endorse. Bitcoin (BTC) and other cryptocurrency platforms such as Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), Binance Coin (BNB), Chainlink (LINK), and Polkadot (DOT) […]
The mainstream of financial services is struggling to catch up with the business of popularising a world that’s still seen as arcane – even with Bitcoin, which hit a new peak of $50,000 this week – at its centre. Our friends at Finextra report a significant move forward here. The masses will soon be on […]
One of the recurring theme in this News section is the rise if the robots in the world of financial advice. The latest snippet come from Goldman Sachs, whose relaunch of its savings account, Marcus, recently featured here (a relatively attractive rate for a saving accont of 0.5 per cent AER compares to today’s newly […]
More movement in the open-banking sector. The high street and the financial-services sector will look radically different in the summer, when we hope some semblance of normality returns. Our friends at Finextra carry the story. Atom Bank has signed a deal with Plaid to introduce Open Banking and payment initiation services to small business customers. […]
We have asked in these News pages whether the open door to open banking might lead to an empty room. The room is definitely not empty, as the queue to get in lengthens steadily. Our friends at AltFi report the latest: Trade Ledger, an open banking fintech helping banks and alternative lenders make credit decisions, has […]
We’re still wondering quite what’ been happening under cover of Covid-19 and its mutations. Our friends at P2P Finance News report on the latest survey from the British Business Bank: UK businesses received more than £18bn in private debt lending during 2018 and 2019, highlighting the significant role that the private debt market can play in […]
Savers are still suffering in the UK. Retail price inflation is currently 1.4 per cent. Meanwhile, this news nugget, as carried by our friends at Finextra is as close as savers have got to good news after many years of such accounts underperforming inflation. This rate is relatively good… Marcus by Goldman Sachs has re-opened its […]
These are extraordinary times. Populism’s arrival in the financial world is just beginning to make itself felt, in extraordinary ways. The battle between the crowd and hedge funds, fought over the shorting of GameStop via the trading platform Robinhood (good name, if a little on the nose) is just one example. The crowd following Elon […]