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Things worth reading: 17th March 2020

Things we’re reading today include … BoE’s guv Andrew Bailey has to prove he knows what’s what Climate change: The rich are to blame, international study finds The Federal Reserve acts again, as market turmoil continues Quotes from Federal Reserve Chair Powell’s press conference Big U.S. banks halt stock buybacks, citing customer needs during coronavirus…

Things worth reading: 16th March 2020

Things we’re reading today include … Banks are running out of cash EU rejects UK call for rapid agreement on financial services The plumbing behind world’s financial markets is creaking. Loudly Stocks crumble, unconvinced as Fed and peers attempt radical rescue Fed slashes rates, global central banks coordinate to cushion coronavirus blow World’s top three…

The Finanser’s Week: 9th March 2020 – 15th March 2020

The main blog headlines are … “Are you willing to take the risk of investing in bullshit?” “Are you willing to take the risk of investing in bullshit?” Interesting headline. It’s not mine btw. It’s a question from a leading banker. The question, in this case, related to investing in data mining … but you will…

Things worth reading: 13th March 2020

Things we’re reading today include … US Fed injects $1.5tn to markets as Dow and FTSE suffer worst day since 1987 Corporate bonds and loans are at the centre of a new financial scare FCA chief rejects MPs’ calls for higher banks IT levy Trump’s bid to calm crisis simply caused more financial chaos ECB’s…

Things worth reading: 12th March 2020

Things we’re reading today include … Carney orders banks: don’t waste our emergency cash on bonuses Lloyds Banking Group adds Google to cloud roster Lloyds Banking Group now offer gambling-blocking software Gamban Bank CEOs convene in Washington for meeting with President Trump on coronavirus response Here’s Why Wells Fargo, Bank of America, and Citigroup are…

Things worth reading: 11th March 2020

Things we’re reading today include … Wells Fargo CEO tells Congress bank has doubled down on regulatory issues An Italian financial crisis is certain – the big question is how contagious it is | Larry Elliott Banks at risk of losing billions of dollars in fee-based revenues – study Informa delays or cancels events worth…

Things worth reading: 10th March 2020

Things we’re reading today include … ‘This is a meltdown’: Tension turns to panic on dramatic day in City Wall Street regulator paves way for home trading as coronavirus spreads Barclays cuts 2020 oil price outlook on price war, virus impact Yes Bank: Founder Rana Kapoor held over alleged money laundering FCA/LSE: high margins raise…

Things worth reading: 9th March 2020

Things we’re reading today include … Yes Bank customers queue for cash after India’s central bank takes control Serious Fraud Office looking at Lloyds Bank and KPMG claims U.S. Banks Are About to Collapse and Send Some Financial Stocks Soaring PIMCO sees mild recession due to virus but tight credit poses risk Big banks brace…

The Finanser’s Week: 2nd March 2020 – 8th March 2020

The main blog headlines are … What does ‘digital transformation’ really mean? Buzzwords. We have a lot of them. Artificial, autonomous, augmented. Big data, blockchain, bilateral. Crypto, currency, consensus. Distributed, decentralised, democratised. I’m tempted to write the ABC of technology buzzwords, but know there cannot be any that start with X or Z*. However, I’m…

Things worth reading: 6th March 2020

Things we’re reading today include … JPMorgan CEO Jamie Dimon recovering after emergency heart surgery Credit Suisse chairman has sought to extend tenure Barnier warns of grave differences between EU and UK in trade talks JPMorgan restricts all non-essential domestic travel globally: internal memo New Bank of England governor approved (sort of) IMF provides $50bn…

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