Things we’re reading today include: Santander and HSBC customers ‘can’t pay bills’ as 10 banks hit by glitch Which fintechs are likely to be acquired in the downturn? JPMorgan Exec: Payments Systems Are the Future of Fintech Indian fintech Slice tops $1.5 billion valuation in new funding to scale UPI payments How Deutsche Bank’s inflated…
Things we’re reading today include … Global regulators push ahead with crypto bank capital rules Bank of England to take over collapsed stablecoin cryptocurrencies British pound is taking on ‘emerging market’ characteristics, Bank of America says German police raid DWS and Deutsche Bank over greenwashing allegations Tintra is turning fintech into fully operational bank, eyes…
Things we’re reading today include … SWIFT May not exist in five years: Mastercard CEO Why are investors dumping bank shares, again? Bank of England demands firms test “severe” operational resilience scenarios Central banks: Too big to fail, but failing yet again Pound faces ‘existential crisis’, Bank of America warns Bank of America boss Moynihan…
Things we’re reading today include … The Bank of England is now the Treasury’s poodle Bank of England ‘reluctant’ to talk about Brexit harm, says Bank of America Central banks launch most widespread rate rises for over two decades ‘Buy this dip’: Wall Street banks name global stocks and sectors that could be near a…
This week’s main blog discussions include … Are FinTechs being valued as a financial or a tech? I was struck by a comment made by Chris Brendler, an analyst at D A Davidson, about FinTech Affirm (a US BNPL start-up): “These hybrid financial technology stocks trade like tech stocks, when they’re growing really fast and…
Things we’re reading today include: WeWork co-founder Adam Neumann’s new crypto project sounds like a scam within a scam Revolut customers warned bank cards will stop working – unless they act now Scalapay and Twig partner for sustainable shopping Fintech business that started life in a cow shed raises $60 million What is Bank as…
Things we’re reading today include … Bank of England’s climate stress test: lenders and insurers face £330bn hit if crisis goes unchecked Why the Bank of England’s climate stress tests show HSBC’s Stuart Kirk had a point TAB Bank Proves Banks and Fintechs Can Get Along—and Succeed Together Fintech Unicorn Bolt Laid Off Workers As…
Things we’re reading today include … Tech valuations are down. A16z says fintechs are getting hit hardest. Fintech unicorn Klarna to cut 10% of staff amid global shocks Citigroup Is in Talks to Buy Deutsche Bank Mexico Wall Street Bank Lobby Lines Up Against a US Digital Dollar The European Central Bank — still waiting…
Things we’re reading today include … JPMorgan’s UK consumer bank tops half a million customers JPMorgan estimates overseas digital bank losses could top $1bn in coming years How a French bank set the gold standard for climate action Bank of England not to blame for soaring inflation, says governor Banks turn to blockchain in search…
Things we’re reading today include … Cryptocurrency Is ‘Worthless,’ European Central Bank President Says Capital Group’s €8bn European bank sell-off was driven by single fund manager HSBC suspends banker over ‘nut job’ climate remarks Trump’s commerce secretary Ross plots £700m merger with UK’s Atom Bank Sunak poised to give poorest households £5-7.5bn to deal with…
