Home / Blog Index / The Finanser’s Week: 17th February 2020 – 23rd February 2020

The Finanser’s Week: 17th February 2020 – 23rd February 2020

The main blog headlines are …

Bank Wars, Episode XX: The Rise of FinTech

Over the years, a few people have likened me to the Yoda of banking. Yoda is one of the most likable characters in the Star Wars franchise, but I’m not sure if I like the comparison. Yoda is seriously old, speaks in riddles and is …

AI Resistance is Futile!

We had our first 2020 meetings of Nordic Finance Innovation last week. The theme was digital transformation and its implementation, and was co-hosted by our partner Swedbank. One of the slides struck me as particularly noteworthy. It came from a presentation by Stephan Erne, Chief …

If you’re API and you know it, block aggregators

I bumped into a real API marketplace the other day. Just what I’ve been looking for … … but not sure why they’re opening physical stores pic.twitter.com/NaUUiyQ4lK — Chris Skinner (@Chris_Skinner) February 17, 2020 It gained a few nice comments like: “So people could stock …


Another day, another conference, another meeting. This time we’re chatting and talking with a group of people from banks, and I’m wearing one of my favourite new t-shirts, emblazed with the message: Just hodl it! Before taking stage, someone asked me what hodl meant. I …

What would Winston Churchill say about #Brexit?

No one knows. He died in 1965 and, fifty-five years later, no one can say what his view on Brexit would be. But the question is being raised in The Independent this week (first of a five part series). They quote a few speeches by …



Don’t use natwest.co.uk for online banking, Natwest bank tells baffled customer – The Register
British customers of High Street banking brand Natwest are being advised not to use the domain natwest.co.uk – by none other than Natwest itself.

The humbling of Goldman Sachs – Financial Times
Fears that nothing would change after the financial crisis turned out to be unfounded

UK’s cash system ‘will collapse without new laws’ – BBC
British bank notes and coins could disappear much earlier than expected, campaigners warn.

What will bank branches look like in the future? – BBC
The Royal Bank of Scotland’s chief executive has ruled out any further branch closures for now, arguing that the group’s 800-strong UK network is “about the right size and shape to meet the needs of our customers”.

Former Morgan Stanley president slams Europe’s capital markets – Financial Times
Colm Kelleher says infrastructure is ‘not fit for purpose’ and Brexit will make situation worse

UK digital bank Monzo plans to hire 500 and relaunch paid accounts – Reuters
Fast-growing British digital bank Monzo plans to hire up to 500 people and forecasts it will get 5.5 million users this year, as it prepares to have another crack at charging some customers to turn a profit.

HSBC sees annual profit slump by 33% – BBC
Pressure has been growing on interim chief executive Noel Quinn to shake up the bank.

HSBC sets new cost cutting, earnings targets after 2019 profit falls 33% – Reuters
HSBC Holdings PLC on Tuesday unveiled plans to cut $100 billion in assets, slash its investment bank and restructure in the United States and Europe, as it launched its biggest overhaul in years in a bid to improve returns.

HSBC to slash investment bank, 35,000 jobs in strategy overhaul – Reuters
HSBC Holdings PLC said on Tuesday it would shed $100 billion in assets, shrink its investment bank and revamp its U.S. and European businesses in a drastic overhaul that will mean 35,000 jobs cut over three years.

What’s gone wrong at HSBC? – BBC
With about 35,000 jobs set to go at HSBC, BBC global trade correspondent Dharshini David looks at what has gone wrong for the banking giant.

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...

Check Also

Things worth reading: 4th March 2021

Things we’re reading today include … ‘I was conned out of £230,000 and my bank …