China's Global Times reacts: “The Chinese economy is so stable... that it has given us full confidence to say ‘no’ to compromises against our principles. The constant U.S. rants on how bad China’s economy is tells us that Washington is more anxious than us to reach a deal.” https://t.co/CPO9fez8PV— Anna Fifield (@annafifield) July 31, 2019
Loans and Finance
Loans and Finance
News and information about loans, money, debt, finance and business issues.
Wednesday, July 31, 2019
Tuesday, July 30, 2019
The FBI has arrested a 33-year-old software engineer in Seattle as part of an investigation into a massive data breach at financial services company Capital One.
Paige A. Thompson, also known by the online handle “erratic,” has been charged with one count of computer fraud and abuse, after an investigation uncovered that a hacker had broken into cloud servers run by Capital One and stole data related to over 100 million credit-card applications.
Exposed information, according to Capital One, included data collected in credit card applications between 2005 and early 2019 such as:
- zip codes/postal codes
- phone numbers
- email addresses
- dates of birth
- Customer status data, e.g., credit scores, credit limits, balances, payment history, contact information
- Fragments of transaction data from a total of 23 days during 2016, 2017 and 2018
Thursday, July 18, 2019
Wednesday, July 17, 2019
As per the ONS UK unemployment rate for May 2019 was estimated at 3.8%; it has not been lower since October to December 1974.
In real terms (after adjusting for inflation), total pay is estimated to have increased by 1.4% compared with a year earlier, and regular pay is estimated to have increased by 1.7%.
Monday, July 15, 2019
Friday, July 12, 2019
I am not a fan of Bitcoin and other Cryptocurrencies, which are not money, and whose value is highly volatile and based on thin air. Unregulated Crypto Assets can facilitate unlawful behavior, including drug trade and other illegal activity....— Donald J. Trump (@realDonaldTrump) July 12, 2019
Meaty speech from Bank of England MPC member Vlieghe talking at @Reuters 🧨🧨🧨— Andy Bruce (@BruceReuters) July 12, 2019
• Rates could be cut to nearly 0% in no-deal Brexit
• Explicit rate guidance if there's a deal: 1% in year, 1.25% in 2 years, 1.75% in 3
• But rate hikes would require global economy to improve
One in five of those who expect to move house in the next two years have delayed moving in the past year due to Brexit uncertainty according to the Bank of England Financial Stability Report.#ukhousinghttps://t.co/j1Vi7bzemG pic.twitter.com/cvGrEJBNCX— Noble Francis (@NobleFrancis) July 11, 2019
Delay and uncertainty are far more damaging to the economy than a no deal Brexit.
Monday, July 08, 2019
Some Deutsche Bank staff in London told they have until 11am to pack up their stuff, just hours after the overhaul was announced. "I'm trying to get my head straight," says one person who has been told his pass will stop working in a few hours— Lucy Burton (@Lucymburton) July 8, 2019
Friday, July 05, 2019
Strange world: So #India's ride hailing service #Ola gets green light to operate in London in competition with #Uber. One of the biggest shareholders in both?— Adam Bates (@AdamBates_D6) July 5, 2019
Japan's #Softbankhttps://t.co/ntYIp9LT72 via @financialtimes
Thursday, July 04, 2019
Wednesday, July 03, 2019
I see that the EU have made a very "interesting " appointment to head up the ECB, a woman who was found guilty of criminal charges over a £355M government payout.
On the positive side, she was fined but not jailed!