The main blog headlines are …
I’m really frustrated between what the government is saying, the media is reporting, the behaviour of banks, the thrust of business and the reality of life. Governments worldwide are locking down and, at the same time, saying they’re going to help citizens and business; media …
Looking back, the world should have locked down when China did in January. The reason we didn’t? Economics, business, commerce and the financial metrics. If we had? Well, we wouldn’t be suffering nearly as much now. But hey, hindsight is a great thing, isn’t it? …
For most of my adult life, we’ve been part of the European Union. The Brexit vote came as a shock, and the unravelling of Britain from Europe for the past four years has been a major stalemate in British life and politics. Now, the whole …
Someone asked me what the coronavirus pandemic means for the future of FinTech. I’ve blogged a bit about that already, referring specifically to this great presentation by Finch Capital: But equally, you may think that times are dull and boring, locked in at home and …
A lot of things seem irrelevant right now, as we sit in the dark of a crisis, but life will go on and things do go on. It therefore intrigued me to see that Accenture has just performed a survey around purpose-driven banking. Purpose-driven banking …
And the main news headlines are ….
Why the euro is more durable than it looks – Economist
The commitments of a shared currency are not so easily shaken off
Top economist: US coronavirus response is like ‘third world’ country – Guardian
Joseph Stiglitz attacks Donald Trump, saying US on course for second Great Depression Coronavirus – latest updates See all our coronavirus coverage Donald Trump’s botched handling of the Covid-19 crisis has left the US looking like a “third world” country and on course for a second Great Depression, one of
Lenders kick-start mortgage deals – BBC
Lenders are offering more generous terms to borrowers after weeks of restrictions.
Fitch downgrades 10 European banks and warns coronavirus impact could lead to more – CNBC
Ten Western European banking groups have been downgraded by Fitch Ratings amid the coronavirus outbreak, and the agency has given 95% of the lenders in its regional portfolio a “negative” outlook in its latest review.
Chinese bank publishes first-ever banking blockchain white paper – Cryptopolitan
A major Chinese bank has published the first-ever banking blockchain white paper showcasing the potential of blockchain tech in finance. The blockchain-based financial application white paper by The Industrial and Commercial Bank of China (ICBC) is grabbing eyeballs.
RBS digital bank Bo is losing its chief product builder – Techcrunch
More departures are taking place at Bó, the digital bank developed by RBS-owned Natwest. Following the departure of Bó CEO Mark Bailie in January, the latest to seek a new opportunity is chief product officer Ollie Purdue, TechCrunch has learned.
CMA letter to Metro Bank on breaches of the Retail Banking Order – GOV.uk
Letter to Metro Bank plc about its non-compliance with Part 6 of the Retail Banking Market Investigation Order 2017, relating to Alerts.
Bank of England governor piles pressure on bank CEOs – Verdict
The governor of the Bank of England has urged bank chief executives to speed up lending to cash-strapped SMEs as a result of the Covid-19 outbreak.
How the coronavirus has hit the biggest US banks, in five charts – Quartz
Banks are about to get walloped by the coronavirus pandemic.
The clean-up of the non-bank sector needs to begin now – Financial Times
Financial system is failing its first real stress test after the 2008-09 crisis