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HSBC and Barclays are joining a project to build a cryptocurrency for banks...
Several of the world's largest banks have today revealed a series of steps to advance a project aimed at making it easier for central banks to issue currencies on a blockchain.Called Utility Settlement...
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Ex-Barclays CEO Antony Jenkins raised £34 million for his fintech startup
LONDON – Former Barclays CEO Antony Jenkins has raised £34 million ($46 million) for his fintech startup 10X Future Technologies.The Series A funding round was led by Chinese firm Ping An Insurance and...
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BARCLAYS: We’re still waiting on Tesla’s 'iPhone moment' (TSLA)
Delayed Model 3 deliveries and a behind schedule electric semi truck have pushed shares of Tesla down almost 9% since the middle of September.That drop, coupled with other hiccups in September, has...
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Uber is launching its own Visa credit card for buying meals and booking travel
In the first major new product partnership under Uber's new CEO Dara Khosrowshahi, the company on Wednesday entered the lucrative credit card market.Uber announced a rewards earning, no-fees credit...
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Barclays shares slump to their worst day since the Brexit vote after...
Calm waters in the markets hurt trading revenues at Barclays in Q3.The third quarter was clearly a difficult one for our Markets business," CEO Jes Staley said.Shares plunge nearly 8% to see their...
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RANKED: The 12 most valuable UK brands
LONDON — Brand analysis company BrandZ has released its first annual ranking of the UK's most valuable brands.BrandZ, which is owned by advertising and marketing conglomerate WPP, combined financial...
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EXCLUSIVE: Barclays security chief takes leave of absence
Barclays' security chief Troels Oerting takes leave of absence.Oerting involved in internal investigation over efforts to identify anonymous Barclays whistleblower.Leave of absence said to be...
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BlackRock cofounder: Artificial intelligence won't replace humans
BlackRock has been betting big on artificial intelligence in finance in recent years.But President Rob Kapito said he believes the future "will be human and machines."A.I. is "just a way to make us...
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BlackRock cofounder: Investing should be more like a video game to attract...
"Millennials want to game. It's a game society," Rob Kapito said."The winners are going to be the people who have that game, the technology, and the brand."LONDON — The cofounder of BlackRock, the...
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Bank of England says UK lenders could cope with 'disorderly' Brexit — as all...
All seven of the UK's biggest lenders pass the Bank of England's 2017 stress test.2017 marks the first time all banks have passed since the introduction of the tests four years ago."The 2017 stress...
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Barclays will take a $1.3 billion writedown because of US tax reform (BCS)
Barclays will take a $1.3 billion writedown because of US tax reform.The bank says the tax overhaul will cause its tier 1 capital to fall by about 20 basis points. (Reuters) - Barclays expects to take...
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BARCLAYS: Google search data has a 'very high correlation' with Netflix's US...
Google search data on Netflix has shown a "very high correlation" with Netflix's US subscriber growth, according to Barclays.The firm found that domestic Google Trends data on the word "Netflix" in one...
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BARCLAYS: A group of niche volatility traders will sell $225 billion of US...
Fund managers who manage volatility by rapidly switching their portfolio between cash and equities will sell off $225 billion of stocks over the next few days, Barclays told clients.Barclays also told...
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Barclays says that the Apple battery scandal could have a big hit on iPhone...
In December, Apple lowered the price of an iPhone battery replacement from $79 to $29. The move came after a scandal erupted over Apple's practice of slowing down iPhones with older, weaker batteries –...
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Here's where all the UK's major banks stand on buying bitcoin
As bitcoin and other cryptocurrencies rise in popularity and their prices swing wildly, so too are they entering the consciousness of mainstream financial institutions.Not only are big banks looking at...
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BARCLAYS: Oracle just needs one 'last missing piece' in its cloud business —...
Analysts at Barclays believe that customer acceptance is Oracle's last big hurdle when it comes to the success of its cloud product, according to a note published Tuesday.Oracle has been slow to keep...
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Barclays slumps to a £1.9 billion net loss as Trump's tax plan, Africa sale,...
Barclays had an attributable loss of £1.9 billion in 2017.The loss was down to factors including a hit from US tax changes, costs related to the sale of its African unit, and continuing PPI...
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Female investment bankers at Barclays get bonuses that are 79% lower than men...
Barclays submitted gender pay gap info that shows female investment bankers get bonuses 78.7% smaller than their male colleagues on average.Female bankers are paid 48% less than men on average at...
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BARCLAYS: A merger with Dell would be an 'obvious negative' for VMware...
Analysts at Barclays said in a note Thursday that uncertainty over a potential reverse merger with Dell could lead to volatility in the price of VMware shares in the near term.Barclays said that if the...
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Here's how much the CEOs of Britain's biggest banks got paid in 2017
LONDON – This week saw all of Britain's so-called "Big Four" high street banks — HSBC, RBS, Barclays and Lloyds — report their full year results for 2017.All had fairly solid, if unspectacular, years —...
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