This week’s main blog discussions include … How Facebook failed at finance I haven’t written much about Facebook’s digital currency Diem, as there’s not much to write about. A dead duck from day one, it would never succeed. I said so back when it launched in 2019: The bottom-line is that Facebook may have developed…
Things we’re reading today include: The Bank of England had one job. It has failed spectacularly Santander compensates customers after forcing them to use mobile phones Switzerland’s secretive banks hold up to £162 billion of Russian wealth in offshore accounts, industry estimates Putin arrests own military chief and bank boss quits as inner circle crumbles…
Things we’re reading today include … Meet the UK’s 24 fintech unicorns Irish fintech Global Shares sold to J.P. Morgan Fintech double unicorn Zilch gallops past 2 million customers in record time Exploring the rise of digital asset ETFs Banks, fintech firms need to collaborate to reach the unserved population How to grow the number…
Things we’re reading today include … Global FinTech funding rose 68% in 2021 on record deals, KPMG says U.K. Regulators Told to Water Down Bank Ring-Fencing Rules Lloyds CEO shakes up bank after strategy launch HSBC to close 69 more bank branches as Covid speeds shift online What U.S. banks can learn as Europe embraces…
Things we’re reading today include … 3 execs are leaving Citi for crypto or fintech. Will it be a turnover trigger for the bank? Crypto: EU proposal seen as de facto Bitcoin ban fails in vote Biden’s Executive Order To Fuel A Bank-Bitcoin Boom Where ESG Matters for Bank Ratings Paytm Bank Punished for Sharing…
Things we’re reading today include … Bitcoin Ban Too Close to Call in EU Parliament Vote How Covid-19 created a massive fintech boom Fintech Funding Takes A Tumble The Totally Dodgy Backstory of the Bank that Just Refinanced Trump Tower Paytm shares slump after central bank bars company from signing up new customers Chelsea Bank…
This week’s main blog discussions included … Financial sanctions: a reality check Some friends were applauding Visa and MasterCard’s decision to throw Russia off their payments networks over the weekend. Both companies handle 90% of all debit and credit card payments outside of China – and their announcements will deal another significant blow to the Russian…
Things we’re reading today include … Credit Suisse was caught trying to shred evidence of Russian loans backed by yachts Goldman Sachs and JPMorgan Chase are winding down in Russia Deutsche Bank defends decision not to exit Russia: It’s not ‘practical’ right now Get Ready for a Talent Migration From Banks to Fintech White House’s…
Things we’re reading today include … Russian banks offer yuan accounts as Putin turns to China Use Russian money to rebuild Ukraine, says bank chief Money transfer fintech launches in London to take on Wise and PayPal Which countries are using, launching or piloting CBDCs? Brexit loophole confirmed as cause of new UK-France Sepa bank…
Things we’re reading today include … Russian central bank imposes $10,000 limit on foreign cash withdrawals MPs urge inquiry into bankers jailed for ‘rigging’ rates Scammers use a BANK’S phone number to tell customers their account has been suspended and steal their cash Digital Banking Survey: How Americans Prefer To Bank Inflation to accelerate far…
