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The Finanser’s Week: 8th April – 14th April 2019

The main blog headlines are …

Leaving customers digitally high and dry … big mistake

I’ve recently seen two blogs about issues with challenger banks N26 and Tandem. They both relate to the ways in which these new banks communicate, or not in these cases. Judith Bogner, a well-known and followed broadcaster, explains regarding N26 and the fact that her …

Today’s cool is tomorrow’s retro

I was once again reminded of the stupidity of passwords when locked out of yet another service that I use maybe once a year. When I decided to reset the password, once again my iPhone offered to set up a strong password that it would …

Want a decent analysis of #Brexit from an EU view?

Another key theme of the weekend conference was Brexit, best summed up by one panellist as a decision made by a confused population about an issue their politicians can’t agree with, don’t want to implement and has no support. As a result, Theresa May is trying …

The challenge of transforming into “Banks of the Future” (research)

During the weekend I presented the trends on FinTech and Tech Fin, my two favourite subjects. I’ll update on that shortly but I was also involved in a study the organisers – The European House Ambrosetti, a leading economics think tank based in Italy – …

The economic outlook for the next few years is …

I was lucky enough to be invited to a conference of the great and the good managing one of the large economies of Europe the other day. It was in a fine location, with lots of dignitaries, media coverage, security guards and German shepherds. On …

 

And the top news headlines this week are …

A new breed of ATM hackers gets in through a bank’s network – Wired

Over the past few years, scammers have increasingly siphoned cash off of digital payment networks, stealing hundreds of millions of dollars so far. Not only is the problem hard to contain; new findings show that it’s evolving and maturing, with new types of ATM malware on the rise.

World’s biggest data breach is just the tip of the iceberg – Dark Web dangers are growing – The Telegraph

Wall Street loves socialism for bankers, but not for ordinary people | Robert Reich – The Guardian

JPMorgan CEO Jamie Dimon decries socialism. Unless of course it’s the banks that need a government bailout In his annual letter to shareholders, distributed last week, JPMorgan Chase CEO Jamie Dimon took aim at socialism, warning it would be “a disaster for our country,” because it produces “stagnation, corruption and

How Wells Fargo’s regulators and employees drove out its CEO – Reuters

The day after former Wells Fargo & Co Chief Executive Tim Sloan told U.S. lawmakers he was transforming the bank’s high-pressure culture, Federal Reserve officials met privately with bank employees.

Digital Bank Tandem starts fundraising talks – Financial Times

Tandem Bank is set to join the wave of fast-growing digital banks raising new funds, and has started discussions with investors to support a planned overseas expansion.

KPMG plans overhaul of British business: The Times – Reuters

KPMG is planning an overhaul of its British business to create an independent audit firm, regardless of any decision by the competition regulator to force a break-up of the Big Four accounting firms, The Times reported on Monday.

Mark Carney still stands taller than Brexit’s lost leaders | William Keegan – Guardian

While his predecessor and proponents of no-deal vanish into fantasy, the governor is clear about the dangers we face When my old friend Mervyn King completed his 10-year term as governor of the Bank of England in June 2013, I was deputed, as one of the older journalists who attended

Lloyd’s to bar ‘under-the-influence’ staff from building – Financial Times

Tough new code on alcohol and drugs to be imposed following sexual harassment claims

Monzo digital bank could double value to £2bn with new US stake – Guardian

Reports say UK’s fast-growing fintech bank is close to clinching £100m investment Fast-growing digital bank Monzo is set to raise fresh funds from a US investor that could double its value to £2bn in a deal that will make it the second largest fintech startup in Britain. The challengerbank, which

Warren Buffett urges Wells Fargo to look beyond Wall Street for next CEO: FT – Reuters

Warren Buffett, Wells Fargo & Co’s largest shareholder, urged the bank in an interview with the Financial Times on Sunday to look outside Wall Street for a new chief executive officer.

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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