New Central Bank Interest Rates And Bail-In Laws Had Plunged Bank Stocks

On Monday, global stocks saw a huge bout of panic selling on Monday as new laws and interest rates by central banks threatened the health of the world's banking system since the financial crisis.

The new rates had seen European markets slump to very low levels in two years. The generally gloomy outlook for the world economy and the endurance of the world's biggest lenders will be tested in the following months of 2016.

TheEuro Stoxx 600 index had fallen by 6 per cent in Monday's trading and closed at 5.6 per cent. Europe had lost about 17.3 per cent of their value in the previous month.

The high instability of stocks had forced Barclays shares to be suspended by the late afternoon trading. Barclays, BNP Paribas and ING Santander dropped by 5 per cent upon market closing.

Deutsche Bank fell to 11.8 per cent and closed at 9.5 per cent on Monday. It had also seen an estimated 40 per cent of its market capitalisation wiped off during the start of the year.

Meanwhile, Japan is struggling with its negative interest rates, joining Denmark, Sweden and Switzerland.

According to CMC Markets' Jasper Lawler:

"Investors have significantly reassessed the chance of an earnings turnaround after years of regulatory fines for past misdeeds."

Due to a weak Chinese economy, a strengthening US dollar and low global growth, experts generally expect 2016 to be turbulent.

Three Things That Make Banks Useful For Your Spending Needs

It's easy to say the UK bank industry is driven by greed.

Yup, with all the scandals propping up from one place to another, the banks needed a new way to make money even if it meant deceiving its consumers.

However, it doesn't mean that banks haven't done a thing for us. In fact, they do three very important things that help us with our savings.

Money Safety (In All Senses)

The barons of the early centuries had to create a vault underneath their splendid mansions and castles. They needed to employ trusted soldiers, servants and secretaries to make sure their gold vaults are safe from marauders. With the standardisation of security worldwide and the streamlining of the banking industry as an independent body, each of us don't have to protect our sock of money every day.

In fact, when you leave that sock with banks, you could earn more money by letting it grow.

Control Over Money

Having money in the pockets is a way to immediately spend that money. Unlike having money with banks, which send you a monthly statement of your savings account at your behest, you know where your money is going.

Spending with plastics, even if it's one way to end up in debt hell, helps you learn a few financial lessons you'll take with you as you grow.

Debt Can Be A Friend... Or Still a Foe

Debt is a double-edged sword. Where would the world be without easy payment plans? With easy payment options upon downpayment, debt is a powerful ally if you can handle it carefully.

Viewing it as the caveman's fire during the early days of the world, debt is one way to improve your lifestyle or burn down your entire house and property.

But the existence of debt, like the fire, is essential for survival.

Senior Finance Executives Will Need More Talented Recruits

According to a study published by Savant Recruitment, a specialist accountancy and finance recruiter, about 80 per cent of their senior executive interviewees said that risk, compliance and governance specialists the following year would be in high demand due to cyber crime frequencies and the need of banks to have better knowledge of the regulations for the banking sector.

The study revealed that about 49 per cent of the respondents needed employees with critical commercial knowledge. About 43 per cent of the respondents said workers with management and leadership capabilities were very important. About 40 per cent of the respondents claimed they needed more employees with risk management skills and data analysis knowledge.

It would seem anybody looking for a career in finance will find today as the proper time to look for a company willing to hire. However, with hundreds of finance graduates looking for employment in the sector, industry leaders will need rigorous requirements and standards for hiring only the best recruits.

While it would be best to know the universities that would be helpful to boost your career chances, this news would mean your chances of getting hired and climbing the ladder in the industry is very high as of the following year.

Do Not Abuse a Credit Card Or You'll Pay In Three Ways!

Raise a child using plastic to pay for everything and you deprive him or her the important skill of budgeting and saving.

Admit it. Credit cards are convenient because they're instant money. But your children do not understand that they cannot always get the item they want immediately as it would require some effort to get enough money.

High Debt

In the end, your children will get in high debt as they apply for a card in the future.

It is worth noting that credit cards are like a bank's camera looking at your every fiscal activity. Not that you would make one wrong move by making a wrong purchase, but measuring your financial management capabilities goes evenly with their intention to profit from you.

Poor Bank Recognition

A poor performance merits a poor audience impact. When you perform bad with banks, they do not applaud for you.

Your children, using credit cards to buy items they want without your discipline, would merit the same without proper budgeting and saving skills.

Don't let experience be the tough teacher and finally stick yourself into the equation.

Lax Budgeting/Saving Skills

Have your children pay with paper and coins. Never let them have the plastic, not until they're old enough to understand they have to earn their keep and provide their own share. 

Because in the end, when credit and bank grants are gone, you're going to run to your own money.

Crime of the Week: Cyber Attacks

This week, the Office of National Statistics claims cybercrime to be the most common offence. The new statistics the obsever would publish on Thursday will include cybercrime statistics, which studies show to be at towering levels.

The ONS information showed the number of cyber crimes is from between three and four million yearly. They estimate England and Wales to have the highest number of offences, estimated at 6.8 million.

Compared with industry estimates, the impact could be bigger. Cybercrime could triple as their observation from the previous year reached 12.5 million online offences.

Among those involved are identity theft, "phishing", electronic computer attacks using viruses and malicious software.

One police source conceded this figure will soar when new data emerges on Thursday.

“There are already estimates that the addition of cybercrime will add three to four million offences to the total but it could be much higher than that,” said the source.

“It’s possible it will double, or more.

“There will certainly be a significant increase in crime.”

He added: “Many in the police have said for a long time that traditional crime like burglary have been in steep decline because criminals are going online.

“Finally, the official figures will be recognising that changing pattern.”

You've Probably Heard Of The Sharing Economy! Here Are Three Ways How To Get In!

You've probably heard of Uber, AirBnb and other sharing services that enable those who've invested on some high-end vehicles and properties to earn back the capital they've used for such investments. These businesses are booming and are popularly known as the sharing economy.

The sharing economy earns as much as conventional car rental and property renters do.

But the market is saturated. So where can we go from here? Here are three starting sharing businesses you could try!

Rent Parking Space

Rent your parking space. Yep, that can be done. If you know about JustPark, you could rent out your parking space to other people. JustPark will take a small cut from your profits. The best thing about it is that JustPark will advertise your parking space for any traveller or tourist nearby in need of having their vehicle homed somewhere.

Desks Renting

If you have some spare desks at home, you could try Hubble. Hubble allows you to rent desks from your vacant office spaces. If your home is declared an office space as you're self-employed, you could have some start-ups or freelancers to rent desk space. The profits might come small but hey, those desks are working money for you!

Handbags?

Outrageous as it may sound, you could rent out handbags to women who need a certain bag to go with their outfits for special occasions. Try The Handbag Rental, which would earn you about £30 per day per rent.

Women who love buying bags? Now's your time to shine!

London Job Crisis Worsens With Increasing Rent Prices

According to CBI, London's highly-valued costs of living can harm economic growth. About half of business leaders said the high cost and value of housing has affected the number of low-wage staff in many companies. This had forced out many employees due to higher costs.

Property Organisation CBRE, who contributed to the report, highlights the impact of increasing house prices and rents in London. The average London property rises above £300,000, which is 12 times higher than the average salary of a low-wage Londoner.

The more-affordable option, Renting, has become expensive with boarding expenses costing £2583 monthly in central London. Even a one-bedroom flat now has an exorbitant price.

Fresh graduates for entry-level positions also fear the high rent prices in London. This has become troubling for the UK's service economy, according to Graduate Recruitment Company Instant Impact. According to them, even those with higher positions don't think they would property in London.

CBI said London had relied on creaking infrastructure while failing to build enough homes for London's backbone, which is eating the foundations of all industries in the City. The CBI hopes the next London Mayor improve the situation for London's regular workers.

The Confederate said the problem is not only with London but it may possibly spread throughout the UK, forcing out its workers for better qualities of life.