Things we’re reading today include … Up to a MILLION companies are hit in biggest global ransomware attack on record Barclays Blocks Card Payments to Binance Wise’s FX land grab merits $6 bln valuation Money laundering investigation casts shadow over Wise flotation The people with power at Revolut: a map of Nik Storonsky’s top team…
Things we’re reading today include: ‘Klarna effect’ propels digital bank Revolut to £21bn valuation in SoftBank talks Reserve Bank of India warns against Big Tech’s potential to dominate financial services Central banks face up to the daunting task of quitting QE Central banks said to be returning to buying gold, moving out of the USD…
This week’s main blog discussions included … The economic outlook post-pandemic: more caring and sharing? There are 100s of economic forecast reports out there, but I got one this morning from the Asian bank DBS with the following headlines: Growth normalising The reopening of US and European economies points to a snapback in economic growth…
Things we’re reading today include … While central banks preach wokery, an inflationary spectre creeps up behind Barclays to move investment bank staff into London HQ “I left my banking job rather than returning to the office” Deutsche Bank Hong Kong IPO licence to expire after staffing error TSB Bank says it’s acting ‘reasonably’ by…
Things we’re reading today include: UBS Joins «Banking for Impact» Bank of England’s top economist warns ‘everyone would lose’ if inflation continues to rise Scandal-hit Credit Suisse considers creating single private bank $6 Billion NCR Opens Bitcoin Purchases To 650 Banks And Credit Unions Australian bank Macquarie places £1bn bet on UK rental housing market…
Things we’re reading today include … Bank branches will be a thing of the past in five years, say bankers Banks must commit to tackling climate change, former Bank of England governor Mark Carney warns JPMorgan is buying an ESG investing platform in bank’s third fintech acquisition of the past year Danske Bank launches UK’s…
Things we’re reading today include … Korea’s Kakao Bank Seeks As Much as $2.3 Billion in IPO China setting pace in central bank digital currency Zopa Bank to make profit in its first year Mark Carney: stablecoins should have access to central bank balance sheet JPMorgan makes Brazilian retail banking debut with 40% stake in…
Things we’re reading today include … Wall Street banks move across the pond in new threat to British lenders Starling boss Anne Boden embraces home working Australians Lost More to Bank Transaction Scams than to Bitcoin Payments in 2020 Mexican Billionaire Says His Bank Is ‘Working’ to Accept Bitcoin Binance: Financial watchdog FCA bans crypto-currency…
This week’s main blog discussions include … Why did HSBC dump their biggest corporate client? Talking about HSBC often drags me into political controversy. For example, when I criticised the bank for not making a stand over the Hong Kong protests, I got a lot of pushback. Frankly, I don’t like to dip my feet into…
Things we’re reading today include … Deutsche Bank taps Oracle to simplify its IT, cut costs Bank of England loses a bulwark against groupthink Central banks step up fight against cryptocurrencies Detectives investigating money laundering seize crypto-currency worth £114 million Rivals see ‘fierce’ competition as UAE digital bank Zand prepares for launch Federal Reserve gives…
