Home / Blog Index / The Finanser’s Week: 13th June – 19th June 2016

The Finanser’s Week: 13th June – 19th June 2016

This week’s news was a summary of the White House Fintech Summit that took place in Washington on June 10.

America’s banking regulations strangle innovations

I was asked the question the other day as to why there is no new digital bank start-up in the USA …

America’s regulations are not the problem

I received a very thoughtful response to last week’s blog (about Dodd-Frank being the issue wi…

America’s regulatory issue is too many cooks

I’ve had a few meetings with folks at the White House over the past eighteen months, which has been …

Nurturing start-ups and SMEs through FinTech

The second White House panel discussion focused upon small business funding, an area close to my heart …

#FinTech is all about human-centred design

As you can tell, I found the White House meeting so interesting that I’m gonna bore you about it all…

Financial Inclusion, Digital Identity and the White House

Just to mop up the final discussions at the White House #FinTech summit, there was a fourth panel on…


In other news …

A Brexit paradise: How Iceland’s ‘Project Fear’ backfired – The Telegraph

Wells Fargo takes aim at start-ups – Financial Times
US bank steps up battle with Silicon Valley payments companies

London traders brace for biggest night since ‘Black Wednesday’ – Reuters
LONDON (Reuters) – The world’s biggest banks including Citi and Goldman Sachs will draft in senior traders to work through the night following Britain’s referendum on EU membership, set to be among the most volatile 24 hours for markets in a quarter of a century.

Brexit’s damage to UK economy would be felt until at least 2020 – EIU – Guardian
Thinktank paints a grim picture of immediate aftermath and beyond if Britain votes to leave EU, including recession A vote to leave the European Union would trigger economic and political convulsions in the UK, plunging the country back into recession and sending the pound sharply lower, a forecasting group has

Goldman Sachs hired prostitutes to win Libyan business, court told – Guardian
Wall Street Bank disputes allegations by Libyan sovereign wealth fund that it paid for the women, as well as private jets and five-star hotels Goldman Sachs bankers paid for prostitutes, private jets and five-star hotels and held business meetings on yachts to win business from a Libyan investment fund set

Barclays is most exposed to Brexit turmoil, warn analysts – The Telegraph

New criminal gadget can clone up to 15 contactless bank cards a second – Daily Mail
A new gadget can be used by criminals to clone up to 15 contactless bank cards a second – from victims who are simply standing nearby. The hi-tech device steals details such as the card number and the person’s name and address contained on the credit or debit card.

Farewell BBA: Lobby group backs plan to merge bank industry bodies after Libor scandal – The Telegraph
Britain’s banks and building societies have backed a plan to merge four industry trade associations, in a move that is expected to save millions of pounds per year and enhance their lobbying power.

Investment bankers flee jobs bloodbath in the City – The Telegraph

Deutsche Bank to tackle transactional unit security – Financial Times
FCA review had found variety of failings


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About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal’s Financial News. To learn more click here...

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