Category Archives: Business

14Mar/23

Silicon Valley Bank: how interest rates helped trigger its collapse and what central bankers should do next

March 14, 2023FinanceBank, Banking, Central bank, Charles Read, Creative Commons, Economic bubbles, Economy, Financial crisis of 2007–2008, Financial services, Harold Macmillan, Harold Wilson, Interest rate, Monetary policy, Money, New York, Signature Bank, Silicon Valley Bank, Stock market crashes, Systemic risk, The Federal Deposit Insurance Corporation, United Kingdom, United States, WASHINGTON MUTUALadmin

Charles Read, University of Cambridge

A former prime minister of Britain, Harold Wilson, is famous for remarking that a week is a long time in politics. But in the world of finance, it seems everything can change in just two days.

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13Mar/23

HSBC will acquire the assets of SVB UK. Deposits will be protected

March 13, 2023FinanceBank, British brands, Companies, Economy, Finance, Financial services, HSBC, Investment banks, Jeremy Hunt, London, Silicon Valley Bank, SVB UK, THE BANK OF ENGLAND, United Kingdomadmin

Here’s the HM Treasury statement:

Silicon Valley Bank (UK) Ltd has today been sold to HSBC. HSBC is headquartered in London, is the largest bank in Europe and is one of the world’s largest banking and financial services institutions, serving 39 million customers globally. Customers of SVB UK will be able to access their deposits and banking services as normal from today.
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10Mar/23

The Institute of Chartered Accountants in England and Wales (ICAEW) aim to change the face of accountancy with the launch of their third consecutive virtual work experience programme in collaboration with Cappfinity

March 10, 2023FinanceBusiness, Economy, Economy of the United Kingdom, Institute of Chartered Accountants in England and Walesadmin

ICAEW has launched their latest virtual work experience programme in partnership with HR tech firm, Cappfinity. The professional membership body, which represents the interests of 195,000 members and students around the world and has 13 offices worldwide, launched its 2023 campaign following the success of its innovative work experience programme in 2021 and 2022. Continue reading

09Mar/23

Lloyds Banking Group invests £10 million in digital identity company Yoti

March 9, 2023FinanceBank, Companies, Crime, Digital identity, Financial services, Fraud, Lloyds Bank, Lloyds Banking Groupadmin

Lloyds Banking Group has invested £10 million in digital identity company Yoti, an investment which supports the development of innovative technology to keep people safe online, tackle the ever-growing risks of identity fraud, and give people more control over their personal data. Continue reading

06Mar/23

PR NEWSWIRE’S PREMIUM CONTENT SERVICES BRAND, MULTIVU, KICKS OFF NEW YEAR WITH EXPANDED DIGITAL SOLUTIONS AND STRATEGIC NEW HIRES

March 6, 2023MediaIn spaceflight, International Lunar Observatory, Taipei City Dragons F.C.admin

MultiVu, the premium brand within PR Newswire, announced today the expansion of many of its content service solutions, including newly developed digital offerings like Social Video, a more robust suite of Multichannel News Release options, and enhanced Webcasting capabilities, alongside existing full-service end-to-end video production and distribution solutions. The revitalization of its product offerings reflects the company’s ongoing commitment to elevate the client experience by creating products and solutions that address clients’ most pressing needs. Continue reading

27Feb/23

Comscore Releases the Ranking for Gambling & Lotteries in Social Media for the UK

February 27, 2023Mediaadmin

Comscore, Inc. (NASDAQ:SCOR), a trusted partner for planning, transacting, and evaluating media across platforms, today released the ranking of top social properties by engagement for the Gambling & Lotteries category in the UK based on January 2023 data. Continue reading

24Feb/23

Chairman of the Board Of Avia Solutions Group Gediminas Ziemelis: Predicted Shortage Of 300,000 Pilots By Decade – Grim Reality Airlines Are Facing

February 24, 2023TransportAircraft pilotadmin

n 2022, aviation surveys and reports by leading aviation bodies predicted an imminent pilot shortage, and the situation has been nothing short of these forecasts. These incredible predictions were chiefly informed by the state of the aviation industry, characterised by massive staff layoffs and grounded operations, which left many pilots with no option but to seek alternative income sources to sustain their lives. However, with the rebound in global passenger travel from the first to the last quarter of 2022 and through 2023, many airlines have continued to struggle with high pilot demands and deficits in pilot supply, starting in Asia and Pacific, North America, the Middle East, and Europe where the shortfall in pilot supply is most acutely felt compared to other regions. Continue reading

17Feb/23

bp leans into convenience and mobility across US, agrees to purchase leading travel center operator, TravelCenters of America

February 17, 2023TransportBP, BP p.l.c., BP Products North America Inc., Companies, Land transport, Oil companies, TravelCenters of America, Truck stopadmin

BP Products North America Inc., a wholly-owned indirect subsidiary of BP p.l.c. (NYSE: bp) has reached an agreement to purchase TravelCenters of America (Nasdaq: TA), one of the country’s leading full-service travel center operators. The acquisition, which is subject to regulatory and TravelCenters of America shareholder approval, will be for $1.3 billion in cash. Continue reading

14Feb/23

Jeep® Brand Slides Into the Big Game With ‘Electric Boogie’

February 14, 2023TransportAmerican Motors, Cars, Chrysler, Convertibles, Jeep, Motor vehicles, Off-road vehicles, Plug-in electric vehicle, Sport utility vehicles, Transportadmin

The Jeep® brand’s Big Game one-minute commercial “Electric Boogie” celebrates the brand’s expansion of its electrified lineup across the world, taking the new interpretation of the iconic song into the future with the brand’s new generation of vehicles.

The commercial, debuting on the day of the Big Game, features the brand’s hybrid electric plug-in vehicles Jeep Wrangler 4xe and Grand Cherokee 4xe with species from across the animal kingdom dancing along to the all-new “Electric Boogie” track. Continue reading

14Feb/23

Klarna announces global campaign starring Paris Hilton, in collaboration with Hilton’s 11:11 Media

February 14, 2023FinanceAmerican people of German descent, Biographers, European diaspora, Hilton, Klarna, Paris, Paris Hilton, Time, Year 2000 problemadmin

Klarna, the leading global bank, payments and shopping service, today announced the launch of its global multimedia campaign starring Y2K icon Paris Hilton, in collaboration with Hilton’s next-gen media company, 11:11 Media. The campaign features Paris in a series of films responding to Klarna’s flexible payments and shopping app features with her newest catchphrase, ‘That’s Smoooth,’ proving that even the most experienced shoppers are impressed by Klarna’s elevated shopping products. Continue reading

Category: Business