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What would multi-party govt mean for financial services?

After months of campaigning the result of general election 2015 remains uncertain. Although many pollsters predict that the Conservatives will be the largest party, the closeness of the result may lead to both the Conservatives and Labour trying to form a Government in the coming days. What is certain is that we are heading for […]

Jim O'Neill

Jim O’Neill to lead Govt devolution plans

Former Goldman Sachs chief economist Jim O’Neill is to be made a peer and will help shape the Government’s devolution plans as commercial secretary to the Treasury. In a speech in Manchester yesterday, Chancellor George Osborne announced O’Neill – who coined the term Brics to describe emerging economies – would be placed “right in the […]

Lloyds profits fall as it takes £660m hit on TSB sale

Lloyds Banking Group has reported an 11 per cent fall in pre-tax profit for the first quarter of the year, after making a £660m loss on the sale of TSB. The bank’s Q1 results, published today, show it made a £1.2bn profit in the first three months of the year, down from £1.4bn in the […]

US loan growth is not painting a pretty picture for the US economy

Written by Mike Riddell One of the current big debates in global financial markets is whether investors should believe ‘hard’ rather than ‘soft’ data, where the usually reliable business and consumer surveys have been suggesting strengthening in global growth momentum for some time now, while the economic data that feeds through into the Gross Domestic […]

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