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Things worth reading: 17th July 2020

Things we’re reading today include … Are banks really going to revert to type and let struggling borrowers lose their homes? | Tony Robinson What Wall Street’s results tell you about America’s economy Coronavirus: Chinese economy bounces back into growth UK banks may have to flag up plans to shut branches or cash machines Morgan…

Things worth reading: 16th July 2020

Things we’re reading today include … Bank of England teams up with Beano comic to boost financial literacy Banks set aside billions of dollars in expectation of massive losses as consumers default on loans How banks are trying to capture the green transition Banks propose ‘student loans style’ scheme to avert job losses Coronavirus: Credit…

Things worth reading: 15th July 2020

Things we’re reading today include: Bank of England mulling new digital currency post-Brexit Big US banks set aside $28bn in downturn warning UK government planning new green investment bank McKinsey warned Wirecard a year ago to take action on controls Former Barclays boss apologises for Amanda Staveley ‘tart’ reference UK’s largest accounting firms lambasted by…

Things worth reading: 14th July 2020

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 worth reading: 13th July 2020

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…

The Finanser’s Week: 6th July 2020 – 12th July 2020

The main blog headlines are … HSBC and Standard Chartered are wrong to kowtow to China over Hong Kong I keep saying that I don’t want to be political on this blog – I’m not qualified and it’s not why you read it – but, as a human being, I cannot ignore things like Black…

Things worth reading: 10th July 2020

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 worth reading: 9th July 2020

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 worth reading: 8th July 2020

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 worth reading: 7th July 2020

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…

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