Things we’re reading today include … Relief for City as EU extends bank access to London clearing houses UK banks sign Fintech Pledge This time the insurance industry lost after reading the small print | Nils Pratley EY chairman admits ‘regret’ over Wirecard failures in letter to clients Klarna becomes fourth largest private fintech firm…
Things we’re reading today include … CREST problems return, Bank of England delays gilt buy-back Consumer Trust in Digital-Only Banks Falls During Lockdown 3x Faster Than High Street Banks Banks aren’t dealing with financial abuse. Monzo has an answer Lloyds to experiment with office changes France and Germany call for easing of bank capital, bonus…
Things we’re reading today include: Climate Stress Tests Will Eventually Influence Bank Capital Quarter of bank branches will close in coming three years Investors call for end to ban on dividends Now banks are charging you interest on your savings Google must act on scam money adverts, Which? says Hedge funds slug it out over…
The main blog discussions this week include …. Does management theory work anymore? After blogging the other day that big banks will never be replaced and they’re just playing a game of Pac-Man, I was watching this two-minute explainer of Michael Porter’s five forces from Harvard Business Review (a two-minute video): The five forces are buyers…
Things we’re reading today include … Credit Suisse to launch Revolut and N26 digital banking rival Despite COVID, junior bankers’ compensation hiked to £86k+ Starling Bank launches Kite cards for kids Businesses are more likely to join a fully digital bank Citi names Jane Fraser new chief in Wall Street first Citigroup becomes first big…
Things we’re reading today include … Starling has recruited 100 staff at its new Cardiff hub since March Bank of Scotland offices on market for £80m JPMorgan fires employees who took Covid relief funds Lloyds to cut hundreds of UK jobs as it revives restructuring plans Wall Street bids a not-so-fond farewell to exchange traded…
Things we’re reading today include … Retail and digital customers ‘dissatisfied ‘ – which banks rank lowest? Lloyds bank rapped for forcing small businesses desperate for Covid loans to open fee-paying business accounts Chile bank shuts down operations after being hit by ransomware How philanthropy benefits the super-rich When banks step in to save fraud…
Things we’re reading today include … Customers turn their backs on Monzo and Revolut as fears mount over profitability Crime agency under fire over bank signature forgery UK Digital Bank Ziglu Launches P2P Payments for Bitcoin and Bitcoin Cash Equity fund managers dump banks for software stocks Global regulatory body to harmonise ‘plethora’ of ESG…
Things we’re reading today include … Payments are blocked as banks’ new security check becomes a name game Blackstone and Advent pay for Covid-19 tests and taxis to bring staff back to work Thirteen sued for £178m over alleged fraud at London Capital & Finance Ex-World Bank head Robert Zoellick: ‘The world could look like…
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…
