Things we’re reading today include … What would Google do to reboot banking? Square closes up nearly 5% after Jack Dorsey’s company launches its own bank Citi marks a quiet transition as Fraser takes the reins Central banks don’t have to pick winners and losers to fight climate change What central banks ought to target…
Things we’re reading today include … What would Google do to reboot banking? Pandemic pressures push US banks towards consolidation Square’s in-house bank kicks off operations India’s Central Bank Sees Pros and Cons With National Digital Currency Why central banks love printing money Coutts, the bank to rely on in a Covid crisis – if…
Things we’re reading today include: Walmart Lures Goldman Bankers in Bid to Fight Wall Street Japan’s Mizuho Bank continues to face ATM system glitch Why Nigeria is a global leader in Bitcoin trade Nigeria central bank governor defends digital currency ban Bitcoin hopes are based on a misunderstanding of how money is created European Central…
This week’s main blog notes include … Banks waste billions on digital How much money is wasted by banks on digital? I wonder whether, one day, anyone will work out how much money has been wasted by banks on digital technologies. Various reports reckon that banks spend anything from half a trillion dollars a year…
Things we’re reading today include … Goldman Sachs: Bank boss rejects work from home as the ‘new normal’ U.S. bank regulators say pandemic drove up risk in leveraged lending Bank of America reduces staff in investment banking and trading UK’s Atom Bank Raises £40 Million In Plan For Initial Public Offering China’s PBOC joins cross-border…
Things we’re reading today include … Take a look at the confusing bank interface behind Citigroup’s $500 million mistake US Fed probing ‘operational error’ that halted bank transfers Dwindling cash use is pushing central banks to race toward digital currencies National Australia Bank accused of wrongly charging fees to customers almost 200,000 times Best Online…
Things we’re reading today include … HSBC and Citigroup: Global retail banking is heading for extinction Ex-bank president in Texas gets 8 years for fake loans, arson to try to cover up fraud This bitcoin bank’s stock has jumped nearly 1,300% in just over a year China’s central bank joins cross-border digital currency pilot JPMorgan…
Things we’re reading today include … ECB tells Deutsche Bank to cut banker’s bonuses HSBC bankers fret as popular colleagues leave and bank emphasizes wellness TransferWise rebrands as ‘Wise’ in banking shift to challenge Revolut Banks are back with handouts to lure in new customers Musk laughing all the way to bitcoin bank Bank of…
Things we’re reading today include … Former Bank of England governor Mark Carney joins Stripe board Sweden extends central bank digital currency trial for another year Wells Fargo shares jump after Fed reportedly approves bank’s overhaul plan Credit Suisse Posts Loss Despite Boost From Investment Bank Senior HSBC executives set to relocate to Hong Kong…
The main blog discussions this week include … CBDCs, the Digital Euro and how it might work I’m very aware that central banks are investigating the use of digital currencies, particularly as they can now see bitcoin gaining more and more traction (Tesla, Square and more committed – next is Apple?), but had not realised…
