The Finanser’s Week: 26th November – 2nd December

The main blog headlines are …

Five digital transformation lessons

In a final write-up on leadership, there was a fantastic presentation about the lessons DNB had learned in trying to make digital change happen. Solveig Hellebust, Group Executive Vice President for People & Operations at DNB or, as she called it, POP, talked about the …

If they get big enough, we will buy them

I remember years ago hearing the story of a start-up that wanted to be acquired by the big incumbent institutions. The founder was struggling to succeed, and felt that an easy exit through acquisition was the best way to go. The young CEO went to …

Most great leaders are great speakers

Another interesting factor in leadership is communication. When I ask people who they think are great leaders, they often name people like Steve Jobs, Barack Obama, Nelson Mandela, Winston Churchill and more. What is common in all of these names is that they are great …

FinTech and the Parent-Child relationship

Another theme that I talk about regularly, and that came up last week, is the FinTech relationship being like a parent and child. The parent wants safety and security and a nice stable home; the child wants to run around and kick and break everything, …

Change the bank or change the leadership

I’m likely to be blogging about leadership all this week, as that was the theme du jour of our Nordic Finance Innovation meetings in Copenhagen and Oslo last week. Saxo Bank, DNB, Danske Bank, Nordea and more were discussing the challenges of digital transformation and …

 

This week’s top news headlines are …

Deutsche Bank — 20 years after the deal that sealed its fate - Financial Times

Bankers Trust acquisition in 1998 was when the German lender went all-in at the casino

Uber escapes major fine over a UK customer data leak as incident happened before GDPR  - The Telegraph

IT failures at financial firms have more than doubled says FCA - Financial Times

Financial watchdog said it was ‘deeply concerned’ at extent of tech problems within sector

Is a property crash coming? We answer the 20 most pressing personal finance questions - Guardian

Should I buy travel insurance from Ryanair? How much money do I need to retire? And do shops have to accept Scottish banknotes? The Guardian’s money team on everything you need to know about your cash First, pay down your debts. It is foolish to keep, say, a £3,000 balance

Deutsche Bank mulls shake-up of high-level executives: WSJ - Reuters

Deutsche Bank AG is planning a high-level shake up that could result in the departure of top executives central to its relationships with key regulators in the United States and Europe, the Wall Street Journal reported on Tuesday.

AMP customers face 17-year wait for fees to be repaid, boss admits – live - The Guardian

Mike Wilkins takes the stand after NAB chairman Ken Henry endured a tough morning explaining compliance breaches, bonuses and compensation delays. Follow all the developments live 4.48am GMT We move to grandfathering . “Grandfathering” refers to the practice of exempting something, like commissions, from a new law or regulation. 4.35am

Ken Henry says it could take 10 years to change NAB's culture – as it happened - The Guardian

National Australia Bank chairman follows CEO Andrew Thorburn in giving evidence to the banking royal commission. This blog is now closed • Analysis: The biggest banking scandal is that everyone knew – but still did nothing 6.01am GMT Ken Henry, NAB chairman and former Treasury secretary, says culture is one

Brexit: UK economy would be 4% smaller after 10 years under May's Brexit plan, says report - Politics live - Guardian

Rolling coverage of the day’s political developments as they happen, including Theresa May’s statement to MPs about yesterday’s EU Brexit summit 12.46pm GMT Labour is opposed to Theresa May’s Brexit deal. But the SDLP , its sister party in Northern Ireland, is in favour. Speaking at Stormont, after Northern Ireland’s

Brexit won't just affect the UK – it has lessons for the global economy | Mohamed El-Erian - Guardian

Exiting the EU highlights the risks of economic and political fragmentation The singular issue of Brexit has consumed the United Kingdom for two-and-a-half years. The “if”, “how” and “when” of the country’s withdrawal from the European Union, after decades of membership, has understandably dominated news coverage, and sidelined almost every

Monzo and Starling are making banks take mental health seriously - Wired

Rethinking how we spend and save money isn’t just about whizzy mobile apps and open banking. Challenger banks are making it harder for you to spend money by changing financial systems to take the anxiety out of money and better protect us from falling into debt when our mental health fails.