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Financial services

Few people of color in the financial services industry, studies find

by David Brancaccio , Chris Farrell and Erika Soderstrom
Jan 3, 2022
You won’t find many people of color in the worlds of asset management and financial planning, according to data from the Knight Foundation.
There's only a small percentage of people of color doing asset management and financial planning, according to data.
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Brexit

Has Brexit boosted London’s financial center?

by Stephen Beard
Sep 22, 2021
British financial services exports to the EU rose in the first few months after the U.K. left the bloc.
The City of London financial district. Data from the first quarter after Brexit took effect shows a small increase in the U.K.'s financial exports to the European Union.
Justin Tallis/AFP via Getty Images
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London Unbound

London Stock Exchange off to best start for IPOs since 2014

by Victoria Craig
Jun 29, 2021
That's despite Brexit and a recent transition period that some expected would bring volatility to U.K. financial services.
The financial services industry was largely left out of Brexit trade negotiations, but the head of securities trading at the London Stock Exchange says the industry banded together to make its own roadmap for a post-Brexit future.
Leon Neal/AFP via Getty Images
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London Unbound

How is Britain's financial services industry faring after Brexit?

by Victoria Craig
Jun 28, 2021
It’s an industry that, in 2019, contributed nearly $200 billion to the U.K.’s economy, and supported nearly a million jobs.
It's been six months since the end of a Brexit transition period for the U.K. How are financial companies moving forward?
Tolga Akmen/AFP via Getty Images
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Is London’s financial center doomed to decline after Brexit?

by Stephen Beard
Jan 27, 2021
The City has lost its unfettered access to the European market, and Britain’s former EU partners see opportunity.
An early-morning view of London's financial district, known as the City. The district has lost jobs since the Brexit vote, and European financial centers are eager to profit from regulatory changes.
Dan Kitwood/Getty Images
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A new wave of ATMs is accepting bill payments and dispensing concert tickets

by Victoria Craig
Oct 10, 2019
The embattled ATM is gaining additional functions in order to survive.
In this photo illustration a woman uses a cashpoint ATM. (Photo by Matt Cardy/Getty Images)
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Moving money around is a glacial process. That could change.

by Justin Ho
Jun 12, 2019
A network that would let consumers and businesses instantly move money around has already been adopted by several big banks. But for it to truly catch on, financial products will have to incorporate the system into their own services.
A customer uses an ATM at a Wells Fargo Bank office on February 07, 2019 in San Francisco, California.
Justin Sullivan/Getty Images
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Invest in marketplace

What the U.S. means when it says it wants more access to China's markets

by Jennifer Pak
Jun 11, 2019
Since the Tiananmen protests in 1989, China has allowed citizens more economic freedoms, which have benefited a lot of American brands, but there are still sectors they are heavily restricted in.
A sign directing customers to queue at the entrance of a Starbucks Roastery in Shanghai in early 2018, a few months after it opened.
Jennifer Pak/Marketplace
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The financial services industry is more diverse than a few years ago – but not in the top ranks

by Ryan Kailath
Dec 14, 2017
The financial service industry has become more diverse in the recent years – overall – says a new government report. There are more women and minorities. But looked at more closely, the number of women in top positions has stayed the same – around 29 percent. How can things change? Click the audio player above […]
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China eases limits on foreign interests in financial firms

by Jennifer Pak
Dec 11, 2017
China announced new measures that will give foreign banks and investors more ownership control over their operations in the country.
U.S. President Donald Trump and China's President Xi Jinping meet business leaders at the Great Hall of the People on November 9, 2017 in Beijing, China.
Thomas Peter-Pool/Getty Images
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