This week’s main blog discussions include …
Are we in another financial crisis?
I claimed that the crisis of Silicon Valley Bank (SVB) and Credit Suisse were isolated cases, specific to those institutions, and there is no financial contagion. Then we get all these headlines about Deutsche Bank being next. What’s going on?
The decline and fall of the Crypto Empire?
I hadn’t really noticed the rise and rise of crypto firms sponsoring sport until recently. There are quite a number from Bedford to Crawley to Watford. Then there were the Super Bowl ads, such as that wonderful one from FTX last year.
The problem with digital identities
I was listening to a fascinating debate about identity authentication, and one of the speakers referenced the fact that it was only because Dutch jews registered their identities at the start of the Second World War that so many died. I had not heard about this and immediately started Googling. Sure enough 75 per cent…
Who will head the World Bank, and what do they think?
US Treasury Secretary Janet Yellen said she expected former Mastercard chief executive Ajay Banga to be elected president of the World Bank as nominations drew to a close. It is not surprising as, when nominations closed at 6pm in Washington yesterday, there were no other publicly declared candidates. Who is Mr. Banga? According to Wikipedia, Ajay…
FedNow is launching in July. What is it and why is it important?
FedNow is the faster payments service for America, backed by the US Government and delivered by the Federal Reserve banks. The thing is that you, like me, may be asking is this real? America is getting faster payments in 2023 when many other economies got them in the 2000s? Well, yes and no. The UK…
FIS with WorldPay just produced an interesting report about the state of global payments. EXECUTIVE SUMMARY: THE STATE OF PAYMENTS TODAY In 2023, the Global Payments Report continues its core mission to detail the contours of consumer payment behaviour at checkout both in-store and online, and to offer merchants and the broader payments industry key…
Major German Bank acquired by the Dutch, or is that the Deutsche?
After all the turmoil in European markets and the global financial world after Silicon Valley Bank’s failure and the subsequent attack on Credit Suisse, a major German bank has been acquired by the Dutch today. The Netherland’s leading bank has acquired the largest German bank. The Deutsche becomes the Dutch. This transaction is valued at…
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...