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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...

Things worth reading: 18th May 2021

Things we’re reading today include … The secrets of building a successful online bank Santander: You may get compensation as bank apologises for ‘technical issue’ Open banking provides Big Tech with lush fintech opportunities Starling Bank revamps marketing push with new ad campaign Goldman Sachs’s consumer-bank CFO is leaving for …

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Things worth reading: 17th May 2021

Things we’re reading today include … The key to a happy marriage is separate bank accounts Bitcoin gets the jitters as Elon Musk’s curious meddling continues Santander services recovering after problems accessing online accounts US banks could cut 200,000 jobs over next decade, top analyst says Bank of England Official: …

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The Finanser’s Week: 10th May 2021- 16th May 2021

This week’s main blog headlines include: Is new banking ten times (10x) better? Investment banking, Corporate banking, Commercial banking, Private banking and Retail banking are all very different. Too often, commentators just talk about ‘banking’. It’s not all the same. In fact, an awful lot of retail banking is propped …

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Are Monzo’s growing pains, major pains?

Building on yesterday’s blog where I mentioned Monzo’s issues of client onboarding, I mentioned that, for the past few months, I’ve noticed many tweets from Monzo customers about accounts being closed suddenly, with no explanation. Each time, I’ve shared the information and copied Monzo and asked them to explain. Hey …

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Things worth reading: 14th May 2021

Things we’re reading today include … Woman took friend’s bank card, withdrew £300 and bought a McDonalds… four hours after finding her dead The World’s Largest Banks 2021: Banks Grew Larger During The Pandemic, With U.S. And Chinese Banks Dominant Southeast Asia’s Largest Bank DBS Says Trading Volumes on Its …

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Is new banking ten times (10x) better?

Investment banking, Corporate banking, Commercial banking, Private banking and Retail banking are all very different. Too often, commentators just talk about ‘banking’. It’s not all the same. In fact, an awful lot of retail banking is propped up by investment and commercial banking. That’s where the money is made. Banks …

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Things worth reading: 13th May 2021

Things we’re reading today include … Central banks get serious on digital currencies German Regulator Orders Digital Bank N26 to Improve Money-Laundering Controls Silvergate Bank to issue Diem stablecoin Metro Bank faces investor anger over new chief’s £500,000 bonus Greensill, Archegos point to tougher ‘non-bank’ rules, says UK watchdog TSB …

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Greenwashing the system: which banks are worst?

Worried I’m becoming a tree-hugger as this blog seems to return to how banks put profits before people more and more often. Nevertheless, here are the facts: Banks have invested $3.8 trillion into fossil fuels since the Paris Agreement came into force on 4 November 2016  … Which banks? JP …

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Things worth reading: 12th May 2021

Things we’re reading today include … ‘Monzo stole our money’: Why an online bank is facing the fury of a Facebook group eBay takes on banks and PayPal with loans to businesses Banks See Wealth Management As A Growth Engine, But They Aren’t Very Good At It Inside Pictet, the …

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Value is purely what you believe in

I am taken aback by the rise of ETH, BTC, DOGE and other currencies. What’s going on? Well, some of it is related to hype, notably Elon Musk; some to loss of confidence in fiat currencies, as governments failed during the crisis; some is related to the fact that banks …

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Things worth reading: 11th May 2021

Things we’re reading today include … US digital banking users will surpass 200 million in 2022 UBS Explores Offering Crypto Investments to Rich Clients Citi weighs launching cryptocurrency services after surge in client interest Monzo bank to offer employees paid leave after pregnancy loss If Chime Isn’t A Bank, Then …

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Prayers for India … but my bank let me down

My bank shocks me. I know what’s going on, but even then, they still shock me. What’s going on? My bank depended upon offshore services for customer services. Those offshore services were based in India. India locked-down with four hours notice and, as you may have noticed if you watch …

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Things worth reading: 10th May 2021

Things we’re reading today include … Cryptocurrency Has ‘No Intrinsic Value’ And Investors Will ‘Lose All Your Money’, Says Bank Of England Chief Big banks move into crypto services Dogecoin’s value tumbles after Elon Musk calls the virtual currency a ‘hustle’ Greensill Bank collapse pits German government against lenders Metro …

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