A summary of the main blogs of the week …
I’ve been wondering for a while how so many companies can be starting up something in the same space, and how are they surviving? The reason for mentioning it is that we keep hearing these numbers around how many billions are being invested in FinTech, …
I realised the other day that financial markets are confused. On the one hand, we spend all of our time criticising banks for being slow to change, inflexible, lacking customer focus and being greedy and, in some cases, fraudulent; on the other, many reckon that …
So Theresa May made clear on Tuesday what the Brexit plan is … or did she? Some say that her plan is Vague (in reference to her appearance on the cover of Vogue) whilst others gave it a big thumbs up. Mind you, he did …
We had a fun session of the Financial Services Club this week, in light of the lack of clarity on Brexit from the UK Gov. The discussion was our regular New Year kick-off meeting with special guest David Doyle, sage of all EU regulations affecting …
For those who weren’t looking, you might have missed the release of the Framework for FinTechh white paper released by the White House last Friday. It’s the output of the work performed by the National Economic Council’s Adrienne Harris and her team, who I’ve been …
The key headlines of the past week include …
City banks warn of Brexit job moves – BBC
Two major City of London investment banks say that some staff will have to move abroad when the UK leaves the EU.
Deutsche Bank takes the axe to staff bonuses – The Telegraph
How finance is being taken over by tech – Financial Times
Bank margins to be boosted by labour-saving automation but long term challenges loom
The 5 most expensive buildings in the world – The Telegraph
Deutsche Bank, HSBC and five other big banks form ‘Digital Trade Chain’ consortium – IB Times
Seven large banks are collaborating on a blockchain-based trade finance and supply chain platform called Digital Trade Chain (DTC), which aims to make domestic and cross-border commerce easier for European small and medium-sized enterprises (SME).
UBS CEO says bank has flexibility over passporting rights post-Brexit – Reuters
UBS (UBSG.S) has a degree of flexibility if its UK outpost looks set to lose its ability to operate across the European Union once Britain leaves the bloc, Chief Executive Sergio Ermotti said at the World Economic Forum in Davos on Monday.
Metro Bank gets down to business – City AM
Business banking is booming for Metro Bank, so much so that the challenger plans to increase the number of business bankers in its branches by around a third, or 30 per cent, in 2017
Post-Brexit vote, UK leapfrogs Sweden and US in allure – The Telegraph
Eight billionaires ‘as rich as world’s poorest half’ – BBC
Oxfam research finds the eight richest billionaires have as much wealth as 3.6 billion people combined.
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