Things we’re reading today include … What will bank branches look like in the future? HSBC sees annual profit slump by 33% Mifid II review aims to boost euro trading in commodities HSBC sets new cost cutting, earnings targets after 2019 profit falls 33% Brexit: France warns UK of bitter trade negotiations NS&I announce interest…
Things we’re reading today include …. China disinfects banknotes and quarantines them for 14 days Brexit: Britain and EU ‘will rip each other apart’ in trade talks Former Morgan Stanley president slams Europe’s capital markets Climate change could make premiums unaffordable: QBE Insurance UK digital bank Monzo plans to hire 500 and relaunch paid accounts…
The main blog headlines are … Banking is what we do and technology is how we do it A decade ago, we talked about the financial crisis, technology, regulations and compliance. A decade later, we still talk about regulations and compliance, but the discussion has changed thanks to the explosion of thousands of start-up firms…
Things we’re reading today include … UK drug barons ditch banks for money service businesses Five things to look out for in HSBC’s new strategy Looking at the world through the eyes of options traders Australia investigator met other regulators before Citi, Deutsche charges Barclays boss Jes Staley’s links to Jeffrey Epstein investigated Jes Staley…
Things we’re reading today include … Banking in the new decade – profitability will remain a challenge: EY Barclays to be first big British bank to report since Brexit Barclays online banking down Metro Bank Chief Risk Officer exits following latest shakeup at the top Can the UK and EU reach a compromise on financial…
Things we’re reading today include … Wells Fargo CEO Scharf shakes up management at scandal-hit bank ABN Amro’s fourth-quarter net profit misses on low interest and rising impairments German digital bank N26 pulls out of UK, blaming Brexit Blockchain: The revolution that hasn’t quite happened Challenger bank N26 to shut all UK accounts No easy…
Things we’re reading today include … Australia plans new bank stress tests to assess climate change impact 2 in 5 would consider digital banks but only once they are ‘popular and successful’ Starling Bank raises £60m from existing investors Deutsche Bank’s revamp plans win support Ex-Virgin Money chief joins cultural shake-up at Lloyd’s of London…
One report you may have missed was this one: CyberRisk and the U.S. Financial System: A Pre-Mortem Analysis from The New York Fed and released in January. The paper focuses upon a co-ordinated cyberattack on the wholesale payment systems of America and can be summarised as: We (the Federal Reserve Bank of New York’s academics)…
Things we’re reading today include … Santander fintech guru trades punk rock for asset management Cryptocurrency specialist to push for UK banking licence Bank of England gold: Rare look inside the vaults How far will Alison Rose go to take RBS into the 21st century? A new rural bank branch opening! What’s going on? One-third…
The main blog headlines are … RegTech versus TechReg I often talk about how banks have five times more regulation than technology firms. That stat comes from Bank of America Merrill Lynch who published this chart a while ago: This is confirmed by similar charts, such as this one from Benedict Evans, a Partner ……
