Things we’re reading today include: An equivalence ‘deal’ for the City and EU is doomed to fail How Covid has been the nail in the coffin for bank branches ‘Buy now, pay later’ firms such as Klarna to face FCA regulation Ant crackdown heightens power of China’s top banking regulator Sergey Brin: Google co-founder sets…
Things we’re reading today include … The Global Risk Management Survey, 2020 TSB Bank falls to £204m loss in 2020 Why US neobanks thrived while Europeans lost steam Former chancellor George Osborne to become full-time banker Business leaders call for a post-Covid economic roadmap Silver hits eight-year high as Reddit frenzy turns to commodities
Things we’re reading today include … Monzo founder on the pressures of running a digital bank The coming squeeze on free banking Lenders struggle for positives as Bank of England ponders negative rates move An uprising against Wall Street? Hardly. GameStop was about the absurdity of the stock market | Kenan Malik Silver prices soar…
The main blog discussions this week include … Breaking the stranglehold of banking Someone asked me to elaborate on the links between banks, government, the economy and society, and this was well illustrated by the video I shared the other day of James Pierpont Morgan, who founded the JPMorgan empire (see end of this blog…
Things we’re reading today include: Bank of England governor warns Bitcoin’s days are numbered ‘Majority’ of central banks ‘actively exploring’ digital currencies Young women of colour navigate the risky world of forex trading UK’s financial regulator urges banks to rethink branch closures Klarna: ‘I got a £30 bill – but I’ve never used it’ GameStop:…
Things we’re reading today include … German mobile bank N26 is thinking of making its first acquisition GameStop’s dizzying share price rise means it’s game over for the short-sellers | Nils Pratley The hedge fund that got wrecked by day traders China opens door to Ant Group’s stock market debut JP Morgan to launch digital…
Things we’re reading today include: MPs accuse HSBC of aiding China’s Hong Kong crackdown HSBC denies taking political stance over China’s crackdown in Hong Kong Goldman Sachs boss gets $10m pay cut for 1MDB scandal How China is tackling fintech risk and regulation City warned EU will do London no favours on financial services US…
Things we’re reading today include … Bank of Singapore Says Crypto Could Replace Gold as Store of Value Bank of England told to stop buying ‘high carbon’ bonds Deutsche Bank starts probe in relation to engagement with some clients Janet Yellen to be first female US treasury secretary Mastercard to raise fees by at least…
Things we’re reading today include … European Central Bank’s $2.2 trillion stimulus still on track ‘Gas is over’: EU bank chief calls for end to fossil fuel investment ‘A Brexit nightmare’: the British businesses being pushed to breaking point More than half of UK households fear losing savings in Covid crisis The strange case of…
The main blog discussions this week include … Omniaccess is the strategic imperative for the 2020s During the summer and autumn of 2020, I ran an online survey of banks and FinTech firms around their view of physical versus digital access to banking. Obviously, in 2020, digital access to accounts has come to the fore…
