Things we’re reading today include … Monzo Down: Challenger Bank Cites “Problem with Servers” Another Horrific Bank Of America Horror Story That Hundreds, If Not Thousands, Are, Apparently, Experiencing ING Bank to shutter quarter of its bank branches in Netherlands McKinsey warned Wirecard a year ago to take ‘immediate action’ on controls Google announces $10bn…
Things we’re reading today include … ‘I left Smile Bank today due to the ongoing outage’ Wave of new leaders presents an opportunity to shake up the banking industry Warning over 11 dangerous apps that could access your bank account Only man jailed over £26m Northern raid sues bank Scam victims sue phone companies over…
Things we’re reading today include … UK regulator toughens rules on payment companies after Wirecard collapse Europeans quibble about long trading hours: the finance edition Some economies are bouncing back. But recoveries can easily go wrong Barclays bosses wrote Amanda Staveley off as ‘dolly bird’, court told How mafia-backed bonds ended up circulating in the…
Things we’re reading today include … The tiny German bank that bet big on Wirecard’s Markus Bank of America sees better-than-feared earnings and these stocks leading the way Big banks stand to earn hundreds of millions from PPP loan fees Bitcoin Community Cries Foul as Major Bank Implicated in Epstein Scandal Rishi Sunak’s Summer statement:…
Things we’re reading today include … Google, Deutsche Bank Agree to 10-Year Cloud Partnership Bank of England boss Andrew Bailey in the line of fire as government prepares to splash more cash Deutsche Bank faces $150m fine for Jeffrey Epstein ties Spain’s BBVA breaks ground by issuing risky ‘green’ debt EY Germany will survive, but…
Things we’re reading today include … Lloyds boss António Horta-Osório to step down next year HSBC glitch led to thousands of small business loans in the wrong name Wirecard executive arrested in Munich on suspicion of fraud Departure of Horta-Osório no bad thing for Lloyds at this time Gambling charity urges UK banks to improve…
Things we’re reading today include … Was lockdown really worth it? Telegraph writers and experts give their verdict The Bank of England has many battles ahead. Inflation will not be one of them Wirecard’s core business has been lossmaking for years, audit shows This pandemic has exposed the uselessness of orthodox economics | Jonathan Aldred…
The main blog headlines are … The Wirecard fiasco: Wirecard or Weirdcard? Another day and another headline about Wirecard: ‘The money’s gone’: Wirecard collapses owing $4 billion Wirecard’s Missing Billions Forces Out CEO, Panics Lenders Wirecard: Former boss arrested over €1.9bn scandal How Wirecard fooled most of the people all of the time Inside Wirecard…
Things we’re reading today include … Wirecard North America sale draws interest from payments groups Why zero interest rates might lead to currency volatility How resilient are the banks? Barclays: Qataris spoke to Gordon Brown to ‘defuse 2008 bailout pressure’ Trade finance stumbles into the digital era Hong Kong: HSBC and Standard Chartered caught between…
