Things we’re reading today include … $5 billion flee Hong Kong funds amid unrest Australian regulator investigates Westpac directors, executives after scandal Banks have learnt their lesson on risk management Will the UK really turn into ‘Singapore-on-Thames’ after Brexit? Goldman Sachs says it will support ‘green’ initiatives more forcefully Westpac scandal: Apra launches full investigation…
Things we’re reading today include … Bank accidentally puts $37MILLION into woman’s account Meet the biggest bank you’ve never heard of Sustainable investors face squeeze as larger firms move in Goldman Sachs to stop financing new drilling for oil in the Arctic Nuns take on BlackRock over climate change UK regulators step up external probes…
The main blog headlines are … Traditional banks are suffocating … they just don’t know it yet An interesting lunch discussion about data the other day. It started when someone had picked up on my blog about Ana Botin, where she made the comment: “Why should data be regulated in a different way if you’re called…
Things we’re reading today include … ING working on digital assets custody technology Battle over Volcker’s rule outlives its creator Central bankers debate tackling climate change Citi, Credit Suisse drop China’s Ucommune U.S. IPO over valuation -sources EU confirms one-year Brexit reprieve for clearing houses America wants the World Bank to stop making loans to…
Things we’re reading today include … This Is What Racism Sounds Like in the Banking Industry Bank of America CEO Brian Moynihan says confident consumers are spending 5.5% more this year Bank of China Issues Bonds via Blockchain Credit Suisse: lowering the bar Banks avoid Hong Kong unrest in research for clients Aramco shares jump…
Things we’re reading today include … Deutsche Bank says crypto could replace cash by 2030 Would ‘getting Brexit done’ bring lots of new investment? Lloyds to reopen compensation claims for Reading fraud Victims of HBOS fraud in line for bigger payout Santander UK chief’s pension slashed by £436,000 over two years ‘I won’t sleep for…
Things we’re reading today include … Subprime lender Amigo faces fresh turmoil as bosses quit Deutsche to cut €100m from German retail banking unit PiggyBank owner collapses into administration Goldman Sachs: less is core Paul Volcker: Former US Federal Reserve chief dies aged 92 Amazon says Trump’s ‘vendetta’ lost it $10bn Pentagon contract
Things we’re reading today include … Global financial watchdogs take aim at Big Tech’s data dominance U.S. banks’ reluctance to lend cash may have caused repo shock: BIS Worrying signs that a great global deregulation has begun Capital One is a banking-peer bargain, even with recent gains: Barron’s Market debut for world’s biggest polluter must…
The main blog headlines are … Treating Customers Unfairly (#HSBC) I’ve blogged many times that so called free banking is a fallacy. It’s something I have blogged about for a decade, and the recurring theme is free banking should be banned by the regulator as it’s only free as long as you don’t go overdrawn….
Things we’re reading today include … HSBC to bring in single overdraft rate of 40% Created to democratise credit, P2P lenders are going after big money Peer-to-peer platform Landbay shuts doors to retail investors US and UK bust one of the worst cyber banking hacks in a decade, charging Russians in multi-million dollar scheme For…
