Finance

Millions of Brits are facing a never-ending road to financial recovery, with one in eight believing they will never be debt-free. That’s according to new research which reveals a growing reliance on credit has led to the highest debt levels in recent history. The average person with debt is in the red by over £8,000 and that’s not even including mortgage repayments - the average mortgage owed is £106,755. Right now, nearly a quarter of adults are struggling to make ends...

Speculation that a Brexit financial services job crisis could be in our midst have been downplayed after HSBC became the latest bank to change its warning of an exodus. The Bank of England this week released a warning that up to 75,000 jobs could be lost in financial services following Britain's departure from the European Union. The cautionary advice comes after Goldman Sachs agreed to lease 10,000 square metres of office space in Franfurt and JP Morgan planned to shift some services from London...

At a young age it is often hard to save as you need to consider a number of things such as your rent, food, a night out with friends and unexpected expenses, let alone additional funds that you can’t touch for another 40 or so years. So when should really start saving for your retirement? Well, most money experts say that you should start putting money aside for this as soon as you begin earning, so around your 20s. You...

Most of us have dreamt of becoming truly rich but how does your typical billionaire compare to the average worker today? The eagle-eyed team at insurance provider Budget Insurance have analysed data from the Forbes 2017 rich list to uncover the secrets of the world’s richest. They compared a range of factors to identify some fascinating differences (and some surprising similarities) between the Forbes' top 10 and the average Brit. Here are a few highlights. On the age front, only...

Digital currencies are changing how transactions are handled and although they’ve been here for a while, people are still trying to understand the impacts.  If you are like most people, you probably know that digital currencies are considered digital gold for this age. For most entrepreneurs, it’s important to pay special attention to ensure you have a good chance to keep up with the competition. Cheaper and faster bank transfers Today, banks move money slowly and international money transfers can...

Britain's banks are on notice to treat people claiming refunds or compensation for payment protection insurance (PPI) to act fairly or face punitive measures, including against their directors. The Financial Conduct Authority (FCA) watchdog told banks and other financial institutions that it is paying close attention to the way they deal with PPI claims, as it works to ensure a two-year deadline for an end to PPI claims is strictly adhered to. It warned it will not stand idly by...

The United Kingdom and Malaysia have strong economic ties and a long history of partnership in different fields of economy. What is even better is that these ties will get even stronger in the next period. Namely, UK Export Finance, the popular export credit agency from the United Kingdom, has decided to boost the support for the trade between Malaysia and the United Kingdom to record-high five billion Pounds or 28.35 billion Ringgits. This is definitely good news for the...

Wall Street is getting set to move to Frankfurt with office space being rented at a rate of knots. Goldman Sachs has agreed to lease 10,000 square metres of office space at the new Marienturm building in Frankfurt, according to Reuters, making it one of the city’s biggest wins since Brexit. The bank will take the eight top floors of a new 37-storey tower now being built, giving it space for up to 1,000 staff. JP Morgan is also considering renting...

First off, before we move on, we must remind you that you should do your own due diligence before investing because that’s how investors get rich and avoid losing money. Having said this, you should start looking for investment opportunities for the next year, and this article will share with you the top 3 promising stocks that are expected to have an excellent performance in 2018. #1 – Xperi Corporation (XPER): The previous year was bright and prosperous for Xperi...