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The Finanser’s Week: 2nd July 2018 – 8th July 2018

The main blog headlines this week are …

MPs battle over blockchain

Conservative MP Eddie Hughes has just written a 36-page white paper extolling the benefits of blockchain for Britain, which was published yesterday Unlocking Blockchain: Embracing new technologies to drive efficiency and empower the citizen, by FREER. FREER is a major new initiative from the Institute …

The battles for the future of fintech

Whilst in New Zealand, I had an interview with the country’s most respected business paper: National Business Review. The subsequent article is behind a paywall but, as they sent it across to me, I feel it’s worth sharing here. The battles for the future of …

Open Banking – a complete failure?

I found an interesting article about Open Banking the other day (via FinTech Insider News). Its title is: Open Banking in the UK; a disaster in the making? no wonder it intrigued me. However, I clicked the article open and the first paragraph read: When …

This year’s FinTech50: will London keep its FinTech Crown?

I often relate the story that the first FinTech firm I ever met was Zopa. Zopa launched in April 2005 and presented at the Financial Services Club on March 30 that year. They talked about an eBay for Money and connecting savers and borrowers. No …

10 big FinTech trends in New Zealand

I present a lot around the world, and I am always delighted and honoured when a conference asks me back for a second visit. It reaffirms that you were ok the first time around and so a second bite is delightful. One such moment occurred …

 

The major headlines this week include  …

You could own this former Devon bank with a vault and banking hall – Devon Live
A former bank in Okehampton town centre could be a cash machine of a different kind when it comes to auction this month. The former HSBC bank is going under the hammer on July 26 for a freehold price of £125,000 to £150,000.

StanChart appoints retail bank boss as it looks for growth – The Telegraph

FCA chairman on data, regulation and Brexit, Monzo losses and Rothschild battle – Financial Times

PwC ordered to pay $625m over Colonial Bank collapse – Financial Times
US FDIC wins largest ever damages award against an accounting firm

Barclays moving up to 50 investment bankers to Frankfurt ahead of Brexit – The Telegraph

UK shadow banking sector worth at least £2.2 trillion – The Telegraph

UK banks could face new multibillion-pound claims after PPI ruling – The Guardian
Court ruling over mis-selling may allow cases that have been rejected to be reconsidered Britain’s banks face the threat of a huge new PPI bill that could add billions of pounds to the £30bn already paid out in compensation, following a court ruling lauded by claims management companies as “hugely

HSBC aims for growth with ring-fenced bank – The Telegraph

2018 bank reputation rankings: Who stood out, who stumbled – American Banker
The public’s perception of the banking industry soured this year, ending a five-year streak of improvement. But perceptions of other industries — like airlines and telecommunications — fared much worse.

Monzo losses widen but the digital bank’s user numbers surge – The Telegraph

 

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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, 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...

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