Reuters/Hannah McKay A general view shows the Bank of England in the City of London, Britain April 19, 2017. LONDON — On Thursday afternoon the Bank of England left interest rates unchanged for another month, surprising no one at all. However what did surprise some was how the UK’s central bank voted for that hold. […]

GM Self-driving Chevy Bolt’s being assembled at a GM plant. Disruption is Silicon Valley’s favorite buzzword. And while the forces of innovation and technology are hard to quantify, that’s not stopping Bank of America Merrill Lynch from trying.  The transportation sector in particular has $ 608 billion worth of market share ripe for disruption from […]

Reuters/Yuri Gripas Bank of England Governor Mark Carney speaks at 2017 Institute of International Finance (IIF) policy summit in Washington, U.S., April 20, 2017. LONDON — The Bank of England will on Thursday announce the decisions made at the June meeting of its Monetary Policy Committee, and it is likely to be a pretty straightforward, […]

Yuya Shino/Reuters Softbank CEO Masayoshi Son Japanese tech and telecom giant SoftBank has hired Colin Fan, a former head of investment banking and trading at Deutsche Bank, Bloomberg News’ Stephanie Baker reports.  The Hong Kong-born banker joined Deutsche Bank as a credit trader in 1998. Over 19 years, Fan rose through the ranks, eventually being named co-head of the firm’s […]

Deutsche Bank is making a big bet on financial technology.  The German bank is investing in fintech startups.  It just opened a fourth innovation lab, this time in the financial district in New York. A chunk of its website is dedicated to digital banking.  Now it’s making a push to advise financial technology companies, too. The German bank has hired Tommaso […]

Reuters LONDON — Shares in Lloyds Banking Group are gaining a little ground on Wednesday morning after it was confirmed that the British government has sold its final portion of the company’s stock. The news was first reported by several media outlets late on Tuesday afternoon, but was confirmed by both Lloyds and government on Wednesday […]

MarketInvoice MarketInvoice co-founders Anil Stocker, left and Ilya Kondrashov. LONDON — Portuguese bank BNI Europa has agreed to lend £45 million ($ 57.87 million) over MarketInvoice, a UK peer-to-peer lender for small businesses. MarketInvoice announced on Monday that BNI had committed the capital following a trial last year with £28.3 million. MarketInvoice’s online platform allows […]

David Tepper’s hedge fund Appaloosa made a big bet on Bank of America.  The firm invested $ 207.2 million in the bank in the first quarter of this year. It was the biggest new bet the fund made in the period. That info is based on a Bloomberg analysis of a regulatory filing that the firm submitted. The quarterly filing, called a […]