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The Finanser’s Week: 31st August 2020 – 6th September 2020

The main blog discussions this week include …. Why big banks get bigger (it’s all about Pac-Man) I’ve spent a long time writing about how bad banks are with technology and digital transformation … but I’ve never said banks will be eaten by technology. So many other companies and industries are destroyed by technology, but…

Things worth reading: 4th September 2020

Things we’re reading today include … Phishing scam targets Lloyds Bank customers Citi poached a Goldman MD for one of the hottest tech jobs in banking Atom Bank cuts losses despite collapse of backer Woodford Tandem Bank due for major ‘restructuring’ as it winds down credit cards Tech stocks slide as Wall Street goes into…

Things worth reading: 3rd September 2020

Things we’re reading today include … Why can’t I shop online without mobile banking? Bank of England’s Bailey slams EU barrier to investment banking services after Brexit Europe’s FinTech Mafia: Meet The Employees Who Became Founders Swiss regulator escalates inquiry into Credit Suisse spying scandal Head of German financial watchdog resists calls to resign over…

Things worth reading: 2nd September 2020

Things we’re reading today include … China’s Mega Banks Post Worst Profit Slump on Bad Debt Wave Warning over six apps that can access your bank account Monzo to introduce new fees for UK cash withdrawals and card replacements Nobody Wants An Online Bank Re-Examining The Role Of Correspondent Banking Australia in first recession for…

Things worth reading: 1st September 2020

Things we’re reading today include … Credit Suisse to set up bank hub in Madrid post-Brexit UK banks convert branches to avoid restaffing big offices Health concerns swirl around Europe’s obese and addicted banks Bank of America Meshes Merrill Into Its Mobile App BDO Unibank: Proving That Digitalisation Is The Best Path To Inclusive Banking…

Things worth reading: 31st August 2020

Things we’re reading today include … Santander hit by online banking outage ahead of holiday weekend ‘Stupid’ Lloyds Bank customer adviser sold over 80 account details for £50 each Banking class of 2020 start their lucrative careers in the bedroom Bank of England to stay in emergency mode until recovery ensured, says governor Bank of…

The Finanser’s Week: 24th August 2020 – 30th August 2020

This week continued the focus upon the challenges for challengers: [Monzo + Starling + Revolut] – Pandemic = The End? Over the past week or two, the neobank and challenger bank sector has been issuing financial reports. If you haven’t noticed: WHERE WERE YOU? Monzo got a particular hammering for warning that the coronavirus pandemic…

Things worth reading: 28th August 2020

Things we’re reading today include … Bank of England governor Andrew Bailey’s speech at Jackson Hole in focus for Friday Trump Candidate for Bank Wants to Counter China Influence 2020 bank service results show mixed performance since summer last year Citi’s $900m payment blunder was culmination of months of drama Klarna chief says IPO closer…

Things worth reading: 27th August 2020

Things we’re reading today include … Mike Pompeo renews attack on HSBC over Hong Kong and China Davos 2021 delayed until summer because of Covid-19 The transformation of Ant Financial Investment banks in line for bumper payday from Ant IPO UK’s biggest subprime lender reports smaller loss than feared Ant IPO: China’s mighty financial group…

Things worth reading: 26th August 2020

Things we’re reading today include … U.S. bank profits down 70% from year prior on coronavirus uncertainty Global bank to make working from home permanent Credit Suisse to shut 37 bank branches in Switzerland Financial firms ‘must do more’ amid coronavirus complaints Ant Group: Jack the giant-maker Jack Ma’s mobile payments firm Ant Group plans…

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