Turkey’s central bank promises ‘all necessary measures’ to save its financial system amid lira collapse

The Central Bank of the Republic of Turkey (TCMB) has outlined a range of measures to bolster liquidity and support the financial system. The lira plunged as much as 10 per cent during the Asian markets trading session after a fall of 25 per cent against the US dollar last week — moves that rattled […]

Financial expert reveals the best way to save as much as possible for your pension

A recent report by insurer Royal London said that homeowners need to save a whopping £260,000 into their pension pot to have a ‘decent’ standard of living in retirement. That might sound a figure way outside of your reach – but don’t panic. The right planning goes a long way. Here are some of the […]

$160 million corruption scandal in Argentina roils its financial markets

Rolando Andrade Stracuzzi/Clarin via AP More than a dozen former Argentine government officials and business executives have been arrested in a large scale corruption scandal. The investigation is throwing Argentina upside down just as it gears up for economic recovery.  Watch the Argentine peso trade in real time here. Just as Argentina looked poised for […]

Robo Advisors vs. Human Financial Advisors: Why Not Both?

  MyPrivateBankingAfter the strong growth of the robo advisory approach in recent years, promoted by numerous start-ups worldwide as well as sizeable number of early adopting wealth managers, a new ‘sub-species’ has emerged: the hybrid robo/personal contact service, which adds a substantial software component to human interaction in the client advisory process. This is a […]

Interest-only mortgage? What to do if you are facing an uncertain financial future

Warren Shute provides his advice for people worried about their interest-only mortgages (Image: GETTY) The FCA released a notice about their concerns on this subject at the beginning of this year because 2018 shows a peak in the number of mortgages coming due, especially interest-only mortgages. There are further peaks due in 2027 and 2032. […]

Corporate crime: Five biggest financial scams of all time

When it comes to big money there’s a whole lot of room for screw-ups, cover-ups and everything in between. The business world is no stranger to scandal with many wheeler dealers ready to gain at other people’s expense. Money managers, chief executives, lawyers… some are dead or in jail, others doing just fine, after masterminding […]

Japan still has great influence on global financial markets

IT IS the summer of 1979 and Harry “Rabbit” Angstrom, the everyman-hero of John Updike’s series of novels, is running a car showroom in Brewer, Pennsylvania. There is a pervasive mood of decline. Local textile mills have closed. Gas prices are soaring. No one wants the traded-in, Detroit-made cars clogging the lot. Yet Rabbit is […]

Japanese banks’ foreign exposure may threaten financial stability

THE maelstrom that hit global financial markets a decade ago is known in Japan as the Lehman Shock, after the bankruptcy of the American investment bank that caused it. Japanese banks themselves escaped relatively unscathed, owing to defences built during the 1990s, when the country struggled with deflation and excessive debt. But they seem to […]

New report details extensive financial ties between Rick Gates and a top Republican fundraiser

AP Photo/Susan Walsh Elliott Broidy, a top Republican fundraiser, reportedly paid Rick Gates, the former deputy chairman of President Donald Trump’s campaign, at least $ 125,000 for advice and business insight. Gates was indicted in October as part of the special counsel Robert Mueller’s investigation into Russian interference in the 2016 presidential election. The information […]

Rowan Willis, Everse W win Sun Life Financial Derby at Spruce Meadows

Australia's Rowan Willis won the Sun Life Financial Derby on Sunday at Spruce Meadows atop Everse W. Willis beat out American Andrew Kocher and Ireland's Daniel Coyle to close out the weekend of show jumping in Calgary. Kocher finished second atop Blaze of Glory II, while Coyle finished third with Ridley. "It's been a dream to come back […]