Articles by Sinead Cruise and Lawrence White

Global Banks Battle COVID-19 Crime Wave

LONDON — Fraud risk analyst Rajendran Raj was used to the odd out-of-hours alert from authorities, but a call one Saturday in March heralded a new era, of tackling criminals seeking to cash in on coronavirus. A French drugs firm …

When UK Insurers, Banks Emerge from Lockdown, Their Employees Face New Normal

Limits on elevators, thermal imaging and temperature checks will greet a first wave of traders and bankers in Britain preparing to return to offices under new norms to tackle the coronavirus. Britain’s financial sector is working to bring staff back …

UK, U.S. Banks and Regulators Warn of Wave of Coronavirus Scams

UK banks are stepping up fraud prevention measures to protect customers from scammers eager to exploit the coronavirus pandemic with a whole range of new tricks, including fake sales of medical supplies and bogus government relief schemes. With British households …

Coronavirus Wreaks Havoc on Global Businesses as Infections Pass 100,000

The number of people infected with the new coronavirus surpassed 100,000 across the world on Friday, as the outbreak reached more countries and economic damage intensified, with business districts beginning to empty and stock markets tumbling. In many affected countries, …

HSBC to Shift $20 Billion Worth of Assets to Blockchain-Based Platform

HSBC aims to shift $20 billion worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely hyped but still unproven technology by a global bank. The platform, known as …

UK Financial Services Firms Share Gloomiest Outlook Since 2008 Crisis: Survey

Optimism about the business outlook among Britain’s financial services firms has fallen at its fastest rate since the 2008 financial crisis amid concerns about Britain’s exit from the European Union, a survey showed on Monday. Business volumes among the 84 …

RBS Settlement with U.S. Over 2008 Crisis Less Than Feared

Royal Bank of Scotland’s shares rose as much as 6 percent last Thursday after the bank reached a $4.9 billion settlement with U.S. authorities, opening the way for its privatization and return of cash to taxpayers who bailed it out …

London’s Status as Global Finance Center at Risk from Brexit, Warn Leading Bankers

Leading bankers warned on Thursday that Britain is yet to feel the real impact of Brexit which will undermine its status as a global finance center as companies prepare to shift jobs out of London to preserve access to Europe’s …

UK Supermarkets Analyze Customers’ Shopping Habits to Price Insurance Products

Ever wondered what your shopping habits say about your driving? Britain’s big supermarkets have. The two biggest, Tesco and Sainsbury’s, are offering discounts on financial products such as car insurance based on the predictability of people’s shopping, a step beyond …

Schwarzenegger to Raise Awareness of UK’s Payment Protection Insurance Scandal

The animatronic head of actor and former California Governor Arnold Schwarzenegger mounted on tank tracks urges consumers to “make a decision,” in a campaign launched on Tuesday to raise awareness of Britain’s costliest consumer mis-selling scandal. The Financial Conduct Authority …