the Online Editor – Investor's Guide

Contemporary Banking

15 October 2024

the Online Editor

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Categories: Finance

In this interview with David Power, the accomplished CEO of BNF Bank, we gain insights into his transformative leadership journey. With a distinguished career spanning global financial hubs, David has steered BNF Bank to new heights.

What can you tell us about the achievement of third-country branch authorization in the UK? Why is this such a significant and positive development for BNF Bank and its clients?

David Power: BNF Bank has actively operated in the United Kingdom through its London branch since 2019. In November 2023, we obtained approval to operate a third-country branch authorized by the Prudential Regulation Authority (PRA) within the Bank of England, with the consent of the Financial Conduct Authority (FCA).

Our approval to operate in the UK marks a significant achievement for BNF Bank, aligning with our long-term strategic objectives aimed at fortifying the Bank’s standing and upholding our core values. This milestone positions us to navigate evolving trends and challenges in the banking industry.

Stop the Fearmongering

11 October 2024

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Categories: Finance

Five ways Rachel Reeves can champion SMEs ahead of the Autumn Statement

By Douglas Grant, Managing Director at Conister Bank

As signs of economic recovery were beginning to appear this year, it’s crucial to empower small and medium-sized enterprises (SMEs) with the support they need to flourish. SMEs are the backbone of our economy, driving innovation, creating jobs, and stimulating local communities. However, under Labour’s leadership so far, the rhetoric has been fiscal fearmongering as SMEs face the challenge of uncertainty that risks hindering rather than boosting their growth.

Market Movers: Geopolitics, Earnings and Debates

2 October 2024

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Categories: Insight, Uncategorised

By Kathleen Brooks, research director at XTB

Geopolitics continues to dominate the market this morning, and oil is higher by a further 1.6% as retaliation risks grow, after Iranian missiles struck the interior of Israel. Iran has extended a flight suspension until tomorrow morning, which suggests that it expects Israel to strike at some point today. US and UK forces helped Israel to deter the latest missile attack, however, this is still a very fluid situation. While this situation remains ongoing, we expect it to have the most impact on commodities, especially oil. Right now, US equities look the most exposed, because the US could get dragged further into the conflict as it has said that it will defend Israel. There are many other factors that could impact markets this week, but the escalation in geopolitical risks in the Middle East is a key downside risk.

Market Report: No September Spark for FTSE 100

2 September 2024

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Categories: Finance

by Susannah Streeter
Head of Money and Markets and Podcast host for HL’s Switch Your Money On

There’s no September spark for the FTSE 100, with the index trading flat and losing more ground early in the session. After a disappointingly lower close on Friday, the footsie remains elusively below its record highs, with mining stocks sinking lower amid China’s ongoing economic troubles.