Things we’re reading today include … World Bank warns 60m at risk of ‘extreme poverty’ Central Bank Digital Currencies Need Decentralization Trudeau reaches out to bank CEOs for advice on economic recovery Could you have to pay your bank to save money? Huge rise in hacking attacks on home workers during lockdown Citi investment bank…
The main blog headlines are … Here’s what the new normal looks like There’s lots of talk about civil unrest, an unjust society, the need for a universal basic income, a change in attitude towards everything from capitalism to socialism to democracy to inclusion. Good discussions but hard to know how it plays out. In…
Things we’re reading today include … Tracking the economic recovery What would negative interest rates mean for mortgages and savings? Bank investors rebel over Lloyds’ proposal for executive pay Why interest rates are so high in Africa More than 50,000 RBS staff to work from home until at least September We now have the proof:…
Things we’re reading today include … Bank of England paves way for negative interest rates Britain sells bonds with minus rates Top 1% of British earners get 17% of nation’s income Matalan founder suing PwC for ‘ineffective tax avoidance advice’ Crypto hedge funds struggle to rebound from ‘bloodbath’ Mastercard to allow staff to work from…
Things we’re reading today include … Coronavirus: World Bank warns 60m at risk of ‘extreme poverty’ Fiserv’s First Data pays $40 million to settle FTC charges it aided merchants’ fraud Boom for payments companies as crisis forces shoppers online Covid-19 a ‘wake-up call’ to build fairer society, says billionaire JP Morgan boss Are Britain’s banks…
Things we’re reading today include … Starling Bank struggles to get Bounce Back Loans up to speed Why the UK fell behind European peers on emergency funding Kabbage rebounds after accessing US loan programme Long-lasting global recession likely due to COVID-19, says World Economic Forum report Financial gain trumps espionage as top motivator in cyber…
Things we’re reading today include … Lloyds Bank’s isolation campaign gets frank about mental well-being Alibaba’s Jack Ma resigns from SoftBank board We will need banks to stay healthy and survive the crisis too UBS’s Iqbal Khan on shaking up world’s biggest wealth manager What did eight weeks and $3 trillion buy the U.S. in…
The main blog headlines are … Dealing with a crisis: FinTech versus Bank The chasm between start-ups and incumbents is massively exposed by coronavirus. I realised this early on, when I saw that FinTech firms who were born on the internet were far more ready for working from home than traditional banks who depend on…
Things we’re reading today include … Coronavirus: Lloyd’s of London says claims to be biggest since 9/11 How will Britain dig itself out of a £300bn coronavirus hole? How to fight an economic crisis in a monetary union Goldman Sachs to buy boutique wealth management custodian Folio Washington fires its first financial salvo at Beijing…
Things we’re reading today include … Coronavirus crisis causing ‘very sharp move into recession’, Bank of England governor warns Open Banking Europe publishes draft signature standards for bank APIs UK property market could fall 13%, housing experts predict ABN Amro slumps to loss as impairment charges pile up Banking: the great return to the office…
