Chris Skinner's blog Shaping the future of finance
This week’s main blog headlines are …
Why organisations resist innovation
One of my good friends at 11FS referenced Conway’s Law the other day. I wondered what it was, as I know Moore’s Law and the Law of Diminishing Returns in economics, but Conway’s Law? What’s that? It’s a thesis created by Melvin E. Conway, a …
I have a keynote coming up on May 19 in Amsterdam with The Next Web, who I regularly write a column for now. Here’s my latest one: I’m delighted to be speaking at TNW on May 19 in Amsterdam. I wanted to talk about Digital Human, the …
The Banking Revolution: Sink or Swim
I have a webinar on digital transformation at 12:00 GMT tomorrow (April 27) with Salesforce, and they kindly asked me to write a blog to introduce the subject matter. Here it is: I regularly ask audiences at the conferences I speak at if they think we …
I have no academic papers or historical research view on what I’m about to post, although I will find some, but I was reflecting on my discussions of revolutions in humanity. In particular, the second age of humankind, when we invented money as a control mechanism. …
What’s it like being unbanked?
I’ve just spent the last three weeks travelling around too many places to mention, including Germany, UAE, UK and three very different countries: Argentina, Colombia and Pakistan. Argentina is a huge and diverse country of over a million square miles, and a population of 40 …
The latest news headlines …
Lloyds and Queen’s bank Coutts rack up customer complaints – The Telegraph
Shareholders angry over fake accounts disrupt Wells Fargo meeting – BBC
Board members retained their seats but are struggling to contain fallout from the scandal.
Santander chief warns on ‘changeable’ UK economy – BBC
Profits booked by the UK bank’s Spanish parent tumble 8% after the pound’s fall in value.
Not an inside job: How two analysts became SEC whistleblowers – Reuters
WASHINGTON (Reuters) – Four years ago, two analysts who liked to swap notes on numbers they thought looked odd took a fateful step and tipped off U.S. regulators about a company that one of them had watched for months.
Barclays’ Jes Staley: Immigration policy is top worry for City post-Brexit – The Telegraph
Why are world stocks at a record high – and how much longer will rally last? – The Telegraph
will.i.am to mix tech know-how with banking at Britain’s Atom – Reuters
Britain’s Atom has hired pop star will.i.am as a strategic adviser to its board as the app-based bank seeks to grow.
Lloyds bank bailout repaid in full, says Philip Hammond – The Guardian
UK chancellor says taxpayer has now recovered every penny of the £20.3bn bailout of 2008 with its one-time stake of 43% very soon to fall to zero
Former Santander executive to lead bank lobby group – Financial Times
Stephen Jones will be in charge of new tie-up involving six trade bodies
What’s wrong with Lloyds Banking Group plc? – The Motley Fool
Over the past three years, shares in Lloyds(LSE: LLOY) have gone nowhere. Excluding dividends, the shares have lost 18.7%. This performance would be acceptable were it not for the fact that over this period pre-tax profits have surged from £415m (year-end 2013) to an estimated £7.1bn for 2017.
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