Home / Blog Index / The Finanser’s Week: 6th August 2018 – 12th August 2018

The Finanser’s Week: 6th August 2018 – 12th August 2018

The main blog headlines are …

Millennials: STOP EATING AVOCADOS!!!

I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. Stereotyped as avocado-crunching, cappuccino drinking, needies, the general media view is that this is a generation spoilt by helicopter …

According to one banker, banks are just like sewage

Now I didn’t make this statement, to be clear. A banker did. He was talking about the four quadrants of service, and said that banking needed to become like the sewage system: invisible, but incredibly important that it works especially when it’s urgent. I liked …

Venmo’s growing pains and the rise of Zelle

I know I’ve written a lot about China and the Chinese internet giants for the past couple of years, whilst leaving out much of what’s happening in the USA. It’s not to say the USA is boring, but it’s not innovating at the speed, rate …

Why cryptocurrencies are more trusted than banks

I spotted a chart the other day showing the millions of dollars lost on cryptocurrency platforms … Source: The Wall Street Journal Since 2011, there have been 56 cyberattacks directed at cryptocurrency exchanges, initial coin offerings and other digital-currency platforms around the world, according to …

The EU’s policy on FinTech competition is …

I cannot post a 222-page PDF from the US Government on FinTech and competition without also posting a 136-page PDF from the European Parliament on FinTech and competition. Also released last week, this is a report prepared by the policy department of the European Parliament at the …

 

This week’s top news headlines are …

Facebook wants you to do banking on its Messenger app – USA Today
Facebook says it’s working with banks on bringing more services to its apps, partnerships that could integrate more personal financial data into the social network recently criticized by lawmakers for a callous approach to its users’ privacy.

Bank by bank, here’s where the hiring and firing will happen now – eFinancial Careers
Bank by bank, this is what’s happening this summer – and what will ensue as summer draws to an end.

The shotgun marriage that could revive Deutsche Bank – The Telegraph
For the investment banks that would be Europe’s champion, jockeying to take on the US titans like Goldman Sachs or JP Morgan, it has been a chastening decade.

Barclays criticised by competition watchdog for failing again to tell customers about PPI costs – The Telegraph

Where did it all go wrong for Wonga? – The Guardian
Pressure from claims management firms and regulators could bring an end to the deflating payday lender Just when things were meant to be getting better for Wonga, it emerged at the weekend that the payday lender’s investors had to rescue it with a £10m capital injection . The emergency fundraising

Zopa raises £44m to build ‘next generation’ bank – City AM
Peer-to-peer lender Zopa has raised £44m – its largest sum so far – to help fund the “next generation bank” it has been building.

RBS sell-off may be slowed if share sale flops again, warn analysts – The Telegraph

In another financial crisis we would have far less wiggle room | Larry Elliott – The Guardian
After the 2008 meltdown, there is limited scope for monetary policy, nations are divided and populism is on the rise Nobody really knew it at the time but 10 years ago the world was sitting on the edge of the precipice. It seemed like a normal sleepy August but the

TSB’s bill for IT meltdown could reach £229m as pressure mounts on chief executive – The Telegraph

HSBC fails to impress City as costs rise in ‘tough’ quarter – 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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