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The Finanser’s Week: 8th June 2020 – 14th June 2020

The main blog headlines are …

Are banks too full of testosterone?

There’s no logical reason for this, but I’ve decided the second week of June is women’s week. It’s a week to celebrate diversity, or the lack of diversity, in finance and technology. So, this week’s blogs are all about women and finance and technology. To …

FinTech can’t tackle financial services without tackling its diversity problem

I blog about so many things. Sure, most of the time it’s FinTech, banking and technology. Sure, most of the time it’s about the future, the outlook, the ideas. But quite often I find myself returning to topics that I’m passionate about: diversity, equality, inclusion, …

FinTech needs more men!

I was recently asked to respond to the idea that men are not supporting diversity enough. It was for a blog update by Darren Franks on his website talentinthecloud.io. Of course, I said yes. Here’s the result … FinTech needs more men! Yes, you read …

Cashing in on women

I spotted a really interesting analysis of cash and bank notes the other day. For those who follow this blog, you’ll know that I love bank notes. I collect them. Each country has different coloured bank notes with different art on its cash that reflect …

What Women Want (From Financial Services)

In a final perspective around women and technology and finance, I welcome the thoughts of Ron Shevlin, the snark himself. In a recent article on Forbes, Ron wrote about what women want from banking. The research his company Cornerstone produced some interesting results. Enjoy … …


And the main news headlines are ….

Why are bank bosses sounding more optimistic about loan losses? – Economist
They were hyper-prudent in April. Now the worst-case scenario might be off the cards

‘First lady of Lloyd’s’ locked in £19m high court battle with former business partner over Hilton Hotel – The Telegraph

The Looming Bank Collapse – The Atlantic
After months of living with the coronavirus pandemic, American citizens are well aware of the toll it has taken on the economy: broken supply chains, record unemployment, failing small businesses.

Goldman Sachs closes Marcus account to new UK savers – Guardian
Deluge of deposits during coronavirus crisis pushed it close to regulatory limits Coronavirus – latest updates See all our coronavirus coverage The Goldman Sachs UK online savings account, Marcus, has closed to new business after a deluge of deposits by cash-rich British households during the coronavirus pandemic left it close

Could you soon be paying your bank to hold your savings? – Hargreaves Lansdown
In a U-turn of sentiment, Bank of England (BoE) Governor, Andrew Bailey has now said the BoE is considering negative interest rates with more urgency. This step, combined with other efforts will be in an attempt to help support the UK economy.

The World’s Best Banks: The Future Of Banking Is Digital After Coronavirus – Forbes
When Citigroup opened 2020, the most ambitious projects at the $2.2 trillion in assets lender involved major partnerships with technology companies best known for their internet, social media and ecommerce platforms.

Amanda Staveley sues Barclays for £1.5bn in high court – The Guardian
Businesswoman says bank misled her while she helped secure deal that saved it in 2008 financial crisis Amanda Staveley, the high profile businesswoman who has just brokered the potential takeover of Premier League football club Newcastle United, has accused Barclays of misleading her as she helped secure the billions of

EY fights fires on three audit cases that threaten its global reputation – Financial Times
Accountant’s role with Dubai gold company, NMC Health and Wirecard put its controls under scrutiny

You may be in love, but you should always have your OWN bank account – This is Money
Trisha Goddard once had to go hungry so she could afford to feed her children. Then a TV boss uttered the immortal words: ‘I’m going to make you a star.’

Digital IDs could end the need for in-bank visits and banish passwords – The Telegraph
British biometrics company Onfido has developed a “portable identity” along with Deloitte and US-based Evernym that can dramatically increase the speed at which new customers can sign up and log into accounts.



About 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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