GOLD SHORT TERM TRADER: Square.
GOLD POSITION TAKER: Square.
Goldman backs Britain More exactly, retail banking
Yesterday US investment bank Goldman Sachs announced that it would lend £100 million to Neyber, a fintech start-up that specialises in retail lending, the Financial Times reports. Set up 5 years ago by two ex-employees of its firm the interest rates charged tend to be lower than those of pay-day lenders and on credit cards because repayments are debited directly from salaries before they are credited to the borrower’s bank account. Thus default levels tend to be lower.
At Frankfurt’s moto show yesterday VW chief executive said of the cars his firm makes: ‘’the diesels we are offering today are clean. They comply with the WLTP requirements and they meet the requirements and needs of our customers’’. He also added that the diesel engine has a great future ahead and that he doesn’t think electric vehicle maker Tesla is a threat to Volkswagen.
Nicole Elliott is a long standing Member of the Society of Technical Analysts and has taken over the IC’s trading coverage. She is regularly interviewed and quoted by the financial media, is a conference speaker, and author of several books on charting.