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…
Things we’re reading today include … Société Générale acquiring challenger bank Shine Banking watchdog drops threat of inquiry into overdraft charges July 4th 2020: how a tax on playing cards and a thwarted tea shipment led to US Independence Day Wirecard administrator starts to dismantle defunct payments group Can BNP Paribas beat the investment banking…
Things we’re reading today include: Fintechs distance themselves from Wirecard Barnier rejects UK bid to preserve City’s rights via trade deal Coronavirus: How lockdown has affected my money Coronavirus: UK economy hit by worst contraction in 41 years UK on track for V-shaped recovery, says Bank of England economist The future may be V-shaped, but…
Things we’re reading today include … City executives lead corporate governance drive Wirecard: Financial watchdog lifts restrictions on payments Santander set to hire William Vereker as UK chairman Digital payments rules must be updated now Coronavirus: A visual guide to the economic impact Has CMA been put back in its box after Tyrie’s exit? That’s…
Things we’re reading today include … Fed puts restrictions on bank dividends after test finds some banks could be stressed in pandemic Deutsche Bank interns complain of cancellations on legal issues EY prepares for backlash over Wirecard scandal Four killed after gunmen attack Pakistan Stock Exchange Economic recovery hinges on when – and if –…
The main blog headlines are … Is FinTech getting it wrong? Focus on needs and wants A friend of mine, Alessandro Hatami, wrote an interesting piece on Sifted that I shared in my news yesterday. He claims that neobanks like Monzo and Starling are not reinventing banking at all. They’re just modifying and improving it….
Things we’re reading today include … US Treasury sent $1.4bn of pandemic aid to dead people The IMF downgrades its global growth forecasts How Wirecard fooled most of the people all of the time Reserve Bank warns of 25% GDP loss by 2100 unless action taken on climate change Inside Wirecard Wirecard: Scandal-hit firm files…
