Infographic: Financial Service Cyber Attacks Up Fivefold In 2018

From TransWorldCom   According to the Financial Conduct Authority, the UK saw a fivefold increase in data breaches in 2018 compared to the year before: Companies reported 145 breaches last year, compared to only 25 in 2017   In April 2018, seven retail UK banks, including Royal Bank of Scotland, Santander, Barclays and Tesco Bank had to shut […] Read more »

Fitch London Credit Outlook Conference Highlights

From Fitch Ratings Fitch Ratings’ annual series of European credit outlook events returned to London today, with a combination of presentations and panel discussion focussed on the question: Why is Funding The Key to Recovery?   Below are some highlight quotes from today’s presentations.   Sovereigns: “On the back of a fragile economic recovery and […] Read more »

Money Stock, Currencies, Banks, Gold and Trust

By Toby Birch (www.tobybirch.com) In my short-lived and unremarkable military career I learned many things that are now redundant. In the event of a nuclear Apocalypse my Morse code skills would be in great demand as digital communication would no longer function. Likewise, if I was to visit a tin-pot dictatorship or tank scrapyard I […] Read more »

Hedge Funds to Step Up In LBO Market in Europe

Just like the private equity business, Leveraged Buy Out (LBO) activity is usually subject to a cycle related to that of the stock market with a lag. On top of that in Europe there used to be laid a secular growth in LBO volume, and a long-term trend towards a wider variety of buy-out financing […] Read more »