Things we’re reading today include … Wells Fargo’s Charles Scharf apologises over race comments JPMorgan in talks to settle spoofing claims for $1bn ‘My bank is shutting my account because of Brexit’ Westpac handed record fine worth £722m – for breaching money-laundering laws 23 million times HSBC, Goldman Sachs and PwC delay return to offices…
Things we’re reading today include … Bank of England to propose simpler rules for small banks The financial watchdog may have finally brought insurers to heel Brexit and the City: Brussels’ new battle to rival London in finance Could churches double up as bank branches in cash-stricken areas? NatWest unveils savings account offering 3% interest…
Things we’re reading today include … Bank of the Future, Mapped by McKinsey Starling Bank’s Anne Boden: ‘We’ve always had a model that was going to be profitable’ Federal Reserve starts effort to update bank fair lending rules Europe’s fintechs facing an ‘existential threat’, says McKinsey Thousands of Britons living in EU told their UK…
Things we’re reading today include … Brits in EU risk losing UK bank accounts ‘within weeks’ Deutsche Bank: Suspected of facilitating funds to ISIS in Iraq Leaked docs: Arab Bank was involved in potential terrorist financing until 2016 FinCEN Files: HSBC moved Ponzi scheme millions despite warning Leveraged ETP popularity raises gambling risk, experts warn…
The main blog discussions this week include …. True innovation comes from collaboration This week is a bit different on the blog as I’m going to introduce you to one of my other businesses: Nordic Future Innovation. Nordic Future Innovation (originally Nordic Finance Innovation) is a venture I started almost ten years ago with Iren Tranvag. We…
Things we’re reading today include … UK interest rates likely to fall below zero in 2021 Bank of England talks negative interest rates in best ‘ad’ for Bitcoin Kraken Cryptocurrency Exchange Plans to Be Global Bank Swedish bank cuts branches and jobs, increases IT spend NatWest revealed as worst bank for scam claims as 70%…
Things we’re reading today include … Will the BoE inject more stimulus into the UK economy? British Business Bank boost business loans by 21% over 2020 Former Bank of England Governor Mark Carney adds to his wealth by joining PIMCO Banks report surge in impersonation scams Bank profits to take huge hit due to pandemic,…
Things we’re reading today include … Relief for City as EU extends bank access to London clearing houses UK banks sign Fintech Pledge This time the insurance industry lost after reading the small print | Nils Pratley EY chairman admits ‘regret’ over Wirecard failures in letter to clients Klarna becomes fourth largest private fintech firm…
Things we’re reading today include … CREST problems return, Bank of England delays gilt buy-back Consumer Trust in Digital-Only Banks Falls During Lockdown 3x Faster Than High Street Banks Banks aren’t dealing with financial abuse. Monzo has an answer Lloyds to experiment with office changes France and Germany call for easing of bank capital, bonus…
Things we’re reading today include: Climate Stress Tests Will Eventually Influence Bank Capital Quarter of bank branches will close in coming three years Investors call for end to ban on dividends Now banks are charging you interest on your savings Google must act on scam money adverts, Which? says Hedge funds slug it out over…
