Fintech Apps for Expats
Banks and finance houses design fintech apps for consumers, savers and investors living in one country but do not cater for expats making cross-border transactions.
Banks Must Repay Bail Out Favour To Taxpayers, Warns Minister
One in five small businesses could go to the wall if banks do not do more to help them, claim bosses and tax experts. Although
Getting Back Money From A Payment Fraud
British bank customers lost £207 million last year to scammers hoodwinking them to send cash to bogus accounts – a 40% rise on the year
Playing Your Cards Right Can Beat Bank IT Outages
Bank customers should open accounts with more than one provider to avoid going short of cash and account lockouts. In just 12 months, British banks
Overdraft Misery For Expats With UK Banking
British expats who still hold UK bank accounts are about to face a shock increase in charges when they go into the red. Thousands of
P2P Lending Surges By 20% In A Year
Peer-to-peer lending platforms seem to be veering away from pooling funds from consumers in favour of taking money from institutional investors. As the market matures,
£1bn Forex Rigging Claim Waiting For Court Green Light
Investors are mounting a legal challenge for compensation after foreign exchange traders at big banks were discovered fixing rates behind the scenes in online chat
Trillions Locked In Risky Funds Built On A Lies
Bank of England governor Mark Carney has warned that more investors wanting to withdraw their money may be held hostage by investment funds built on
Interest Rates Put On Hold In Brexit Chaos
The Bank of England has decided to keep interest rates at 0.75% for another month – which is not really surprising amid the chaos and
Fed Hikes US Interest Rates Again – With More To Follow
The US Federal Reserve has raised interest rates again. The rate was hiked by 0.25% to 2% to 2.25% with the message that the markets
Bank Puts Off Another UK Interest Rate Rise
The Bank of England has put interest rates on hold after moving them up last month to the highest level since the financial crisis. After
Cryptos No Threat To World Financial Order, Says BoE Governor
Bank of England boss Mark Carney believes cryptocurrencies and fintech do not pose a risk to global financial stability – for the time being. Speaking
Americans Renouncing Citizenship Heading For New High
Hundreds of Americans handed back their passports in the past three months, putting the trend on track to hit a record level for the year.
UK Interest Rate Hiked For The First Time In A Decade
The Bank of England has raised the official interest rate by 0.25% to 0.50% – the first increase for more than a decade. The bank’s
SIPP And SSAS Pension Complaints On The Rise
Complaints made to the financial ombudsman about pensions soared last year – but fell well short of moans about personal loans and banking. Personal pension
Vault App Opens New Doors For Accessing Expat Money Online
Expats are flocking to the new deVere Group money app Vault with more than 40,000 expected to download the app by the end of the
Big Companies That Have A Lot In Common
Investors do not hold the big stick that bad publicity triggers in the hope shareholders will pressure executives to mend their ways. Increasingly, the big
Barclays Bosses Face Fraud Charges Over Qatar Dealings
Four former bosses at Barclays are the first executives to face charges over the way they handled the financial crisis for the company almost 10
Fed Hikes US Interest Rates But No Moves In UK
Months of uncertainty over US interest rates have ended as the Federal Reserve hiked the rate for the second time this year. The Fed –
Expat Guide To Offshore Banking And Money Transfers
Expats do not have to be wealthy to switch their money to an offshore bank or building society. The stigma of offshore comes from individuals