Home / Blog Index / The Finanser’s Week: 27th July – 2nd August 2015

The Finanser’s Week: 27th July – 2nd August 2015

Our main stories this week include …

Fintech attacks whilst bank CxO's snooze

Since asking a while ago who will be the Uber of banking, I’m fed up with everyone talking about the Uber of banking.  For example, two headlines caught my eye this morning: Visa Invests in Stripe to Prep for the 'Uberization' of Retail; and Will Uber be the Uber of banking?

The One Chart you Need to Understand Fintech

Traditional finance providers such as banks or insurance companies are being challenged by new players such as Lending Club or Transferwise. These startups want to disintermediate the incumbents and revolutionize the financial world.

Happy Birthday Bank of England … and the real role of a Central Bank

Yesterday was the Bank of England’s 321st birthday.  Created on 27th July 1694, the Bank – as it’s referred to in shortened form – is one of the oldest Central Banks in the world. 

The Finanser Interviews: Giles Andrews, Co-Founder and CEO, Zopa

Following our regular weekly interview, the Finanser talks this week with co-founder and CEO of Zopa, Giles Andrews.


This week’s major news headlines include …

The HSBC fiasco might be a cautionary tale for Barclays – The Independent
There was a weary inevitability to Barclays’ latest financials showing another £1.8bn falling into the black hole marked “conduct”. This time it’s a mixture of yet more provisions for PPI compensation plus another lumpy sum to cover the cost of the foreign exchange trading scandal.

Contactless cards replace cash as shoppers flash the plastic – The Telegraph
Shoppers are using cards for smaller transactions

Restructure banks to help wider society, says BoE chief economist – The Telegraph
Andy Haldane wants to see sweeping changes to the way companies are run

Going for Gold(man): UK bank analyst pay tops out at 71,000 pounds – Reuters
LONDON (Reuters) – Goldman Sachs and Morgan Stanley are offering the fattest bonuses to their London analysts, but if it's a high base salary you're after then head to Deutsche Bank , according to a survey on Wednesday.

Norwegian court orders bank to cover man's £23k lap-dance and drinks bill – The Telegraph
The court concludes the bank's client was drugged and could not be held responsible for his spending

Why did HSBC shut down bank accounts? – BBC
Last year international banking giant HSBC suddenly closed the bank accounts of several prominent British Muslims.

Rise of the machines: bank customers shun staff for mobile phones – The Telegraph
Even when they visit a branch, customers prefer self-service machines

Greece rocked by reports of secret plan to raid banks for drachma return – The Guardian
Opposition demands answers after covert proposals attributed to Yanis Varoufakis and fellow ex-minister highlight deep split in Syriza party

How safe is peer-to-peer lending? – The Telegraph
'Peer to peer' lending is growing at an incredible rate, but the returns must be carefully weighed against the risks

Treasury could be forced to scrap profitable Lloyds sale – The Telegraph
Lloyds shares are being sold so fast that there might be none left for Chancellor George Osborne's promised retail sale


If you like the Finanser, buy Chris Skinner's latest book: Digital Bank


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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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