The main blog headlines are …
Doing good for society and the planet (an Earth Day FinTech update)
It was Earth Day on Monday, and a national holiday in many nations as they observed what Christians call Easter. Whilst Sri Lankans mourned the fatal losses on the Easter Sunday church gatherings, many observed the anniversary of the birth of the modern environmental movement in …
Doing bad for society and the planet (an Earth Day banking update)
I’m not a particularly political person. Opinionated yes. A little bit right and little bit left, maybe. Not necessarily a centrist, true. And I try to avoid writing about politically motivated movements on this blog, except when they impact the banking industry. And today is …
Doing good … find out more (a final Earth Day update)
In closing this Earth Day week, I thought I’d rectify yesterday’s depressing news about banks funding the end of our planet to talk about the banks that are doing the opposite. In fact, there are many initiatives that are trying to create finance for good …
And the top news headlines this week are …
No More Happy Hour: Japan Bank Boss Takes Aim at Drinks Culture - Bloomberg
It’s time to stop drinking with the boss after work. That’s the message of Mitsubishi UFJ Financial Group Inc. banking unit executive Saiko Nanri, who wants to change Japan’s long-standing culture of drinks between managers and employees.
Wirecard relied on three opaque partners for almost all its profit - Financial Times
Whistleblowers claim unit of German payments group was not audited
Metro Bank chair rebuked by judge in pet insurance case - Financial Times
Vernon Hill told to ‘calm down’ after nitpicking and sarcastic replies
Names in the frame to be Bank of England governor - Guardian
From Raghuram Rajan to Janet Yellen or Andy Haldane, who is in the running to succeed Mark Carney? As the chancellor begins the search for a new Bank of England governor to succeed Mark Carney, here are some of the potential runners and riders. Continue reading...
Former Santander lawyer loses custody of her children for 'working too much' - The Telegraph
A third of English people think Scottish bank notes are fake - AOL
The government is facing calls to end the "confusion" over Scottish bank notes in England after a survey suggested a third of people living in England thought they were fake.
Lack of bank account 'costs £500 extra a year' in bills - BBC
People who do not have access to a bank account pay an extra £485 a year for everyday bills and services, research from an account provider suggests.
The US stock market will stop its charge – perhaps with a sharp shock | Nouriel Roubini - Guardian
Hopes of a US-China deal, as well as Brexit delays, have cheered investors, but there are risks ahead Financial markets tend to undergo manic-depressive cycles, and this has been especially true in recent years. During risk-ons, investors – driven by “animal spirits” – produce bull markets, frothiness, and sometimes outright
Revolut promises to grow up as it seeks new investment - Financial Times
Chief executive says fintech group’s culture is changing as it tries to become global bank
Wall Street brings new tech to old-school deals - Financial Times
Bankers hope artificial intelligence will boost efficiency of stock and bond sales
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...
