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Things worth reading: 23rd June 2017

Things we’re reading today include … House Democrats challenge Deutsche Bank over review of Trump’s accounts Luxembourg’s politicians pin economic hopes on fintech drive U.S. regulators, lawmakers support Volcker rule revamp at hearing China’s ICBC says checks of loans by big acquirers are routine Biggest U.S. banks clear first hurdle …

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Things worth reading: 7th June 2017

Things we’re reading today include … Fat chance of delaying markets reform, EU watchdog tells City Santander buys struggling Spanish bank Popular for €1 Santander rescues rival Banco Popular from collapse HSBC faces fresh suit alleging forex manipulation RBS spends £1bn battling its own shareholders over rights issue RBS shareholders to …

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The future business model is clear

For many years, I’ve been using Michael Treacy’s The Discipline of Market Leaders to talk about the business model of banking.  The book claims that all companies are comprised of three major components: a manufacturer, a processor and a retailer.  The book claims that most companies are only good at one …

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Things worth reading: 8th May 2017

Things we’re reading today include … Is your money safe? Why are analysts so bullish on Lloyds Banking Group plc? Australia to hold new inquiry into ‘Big Four’ banks Goldman Sachs wins largest concessions on Volcker rule Upstart challenger banks eye consolidation Debit card control lets you ‘turn off’ card …

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Things worth reading: 2nd May 2017

Things we’re reading today include … Trump is considering new Glass-Steagall-style bank rules Former Wells Fargo CEO says breaking up big banks would be a mistake JPMorgan’s Dimon says biggest fear is bad public policy Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms RBS lawsuit set …

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Things worth reading: 6th April 2017

Things we’re reading today include … Monzo, a UK digital-only challenger bank, granted full banking license China’s Army of Bank Tellers Retreats China curbs ‘Wild West’ P2P loan sector London and Brussels urged to agree Brexit transition deal to protect banks Banks and building societies snub Lifetime Isa launch U.S. …

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Sweden going cashless

For as long as I can remember, I’ve been hearing about a War on Cash.  The war, as illustrated by India’s recent demonetization, is not on cash itself but on the illegal use of cash and, by association, the fraudulent creation of cash.  Both fraudulent notes and coins along with …

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