Pregnant financial analyst is awarded £4,000 after her boss said she was ‘letting the team down’ by going to antenatal check-up A pregnant finance analyst has won £4,000 after an employment tribunal Sali Jallow told she was ‘letting the team down’ to attend antenatal appointment Mum-of-two Jallow decided to sue her employers for pregnancy discrimination … Read more
Around one in six people have sought paid for or free financial help since the coronavirus outbreak but the vast majority are going it alone, new research shows. Some 4 per cent have consulted a financial adviser for the first time during the pandemic, a period marked by volatile markets and mounting job losses, and … Read more
Thousands of fraud victims still had to complain to the Financial Ombudsman Service last year to try and get their money back from banks, despite the introduction of a new anti-fraud code last May which said they ‘should’ be refunded. The Ombudsman said it received nearly 11,000 complaints from people who fell victim to banking … Read more
Return of the 90% mortgage: Concerns mount that first-time buyers are over-stretching as small deposit home loans hit highest level since 2008 credit crisis Proportion of low-deposit mortgages taken out at its highest level since 2008 Outstanding mortgage debt has also risen by 3.9% to £1.49bn More borrowers are stretching their loans out for longer … Read more
Cambridge University bosses are seeking financial support from the Government after huge downturn in international students amid coronavirus lockdown Cambridge University is expecting significant financial strain due to COVID-19 A lack of incoming foreign students mean the institution is looking to cut costs The 800-year-old institution is one of the richest universities in the UK Here’s how to … Read more
Mortgage holiday debt threat: FCA warns homeowners face paying thousands of pounds in extra interest By Money Mail Reporter For The Daily Mail Published: 22:01 BST, 26 May 2020 | Updated: 22:01 BST, 26 May 2020 Interest threat: The FCA has warned on mortgage holidays Homeowners who have deferred their mortgage payments are being warned … Read more
There is a terrific scene at the movie The Big Short, based on Michael Lewis’s brilliant book on the financial crisis, where the director Adam McKay imagines a different ending. Instead of the Wall Street bankers who caused the crash escaping to their luxury Florida villas and yachts, the FBI arrives on the trading floors … Read more
Businesses are outraged over the six months of fresh Brexit purgatory to which they are condemned, but there are some problems that are even more difficult than extricating ourselves from the EU. Climate change, to name one. It used to be left to the lentil-munchers, but it has gone mainstream in the financial world as … Read more
Stop blaming the victims of fraud! Banks still failing to help many who lose money in financial scams Some fraudsters are seeking to cash in on the coronavirus crisis Report by payments regulator reveals banks are still too quick to dismiss victims Only £4 in every £10 lost to so-called push payment scams refunded last year … Read more
BOOK OF THE WEEK FLASH CRASH by Liam Vaughan (William Collins £20, 272 pp) Nearly a decade ago, a joke appeared on the internet chat forums used by traders in the financial markets. ‘One day, years from now,’ it ran, ‘a trading desk will typically consist of three things. A man, a dog and a … Read more