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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Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.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...