OK – technically the BoE director of Fintech, Tom Hutton, said that cryptocurrency doesn’t “fulfil any of the functions of money” – but isn’t that the same thing? Maybe he had a hidden agenda? Who knows – but what we do know is that it seems to pay to take over failing banks as yet another record profit is declared!
OH – and HOW LONG has it been since we had a whole episode without mentioning Elon Musk????? Shhhhh – don’t tell the team you noticed!
Links to the stuff we spoke about:-
- If you’re over 62 and live in America maybe you could do with some Charlie? (NO – not THAT kind of Charlie!)
- SVB is the gift that keeps on giving as yet another bank records a record profit post acquisition
- JPM also predicting gains from the acquisition of First Republic
- More drama at Revolut as more leadership leave
- The story about the court case regarding ownership of the first ever NFT is interesting reading for crypto enthusiasts
- Wouldn’t it be great to have so much money you could do this???
- Should an alleged fraudster get their legal fees paid by the company they frauded?
- It doesn’t seem like we will be seeing a Digital Euro anytime soon if this news is anything to go by?
- Is crypto money or not?
- Money laundering raids in the UK result in 7 arrests
- A cop that stole bank details from a dead person??
- Have you seen The Spider’s Web on Netflix? Maybe you’ll see why the UK has a bit of a reputation in the world of Financial Services …..
- Here’s what tax havens are potentially costing the rest of us tax payers
- The Wise Guy recommends reading Treasure Islands – Tax Havens and The Men Who Stole the World for further info on the topic
- But it seems like the scammers also agree that it’s full of opportunity!
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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...