Things we’re reading today include … Profits plunge piles pressure on Santander chief Lloyds group to close 56 more branches across UK this year How digital financial services can prey upon the poor Banks adopt AI to manage sanctions and compliance risk Goldman Sachs: break it up Wonga borrowers ‘to get just 4.3% of compensation…
Things we’re reading today include … JPMorgan plans to cut hundreds of jobs in consumer unit: Bloomberg ‘Flash crash’ trader sentenced to time served plus a year of home confinement: lawyers UK banks told to explain 40% overdraft rates RBS: Developer who bought jet and yacht loses case against bank State Street vows to turn…
Things we’re reading today include … N26 gaining deposits from US titans like Chase and Citibank UK banks approve highest number of mortgages since 2015 Author calls for Brexit coin ‘boycott’ over lack of Oxford comma £30bn pension fund: we’ll sack asset managers that ignore climate crisis New York surges ahead of London as financial…
Things we’re reading today include … Why won’t our banks take a simple step to stop fraud? Bank of Thailand considering licences for digital-only banks Inside Curve’s botched attempt to become the ‘Amazon of banking’ Bank heavyweights inject $80m into City fintech Currencycloud London loses top spot as global finance hub Deutsche Bank payments to…
The main blog headlines are … Survey: Banks just aren’t ready for digital I’ve just been reading Jim Marous’s Digital Banking Report which ties in nicely with my new book Doing Digital, as the themes are similar. In Jim’s 70+ page report, Jim concludes that: “While there is an almost universal awareness of what needs to…
Things we’re reading today include … Executive at Portuguese bank co-owned by Isabel dos Santos is found dead JPMorgan board raises CEO Dimon’s pay to $31.5 million Andrew Bailey to be quizzed on regulator’s role in LC&F scandal John Stumpf: Ex-Wells Fargo boss pays $17.5m to settle charges Why equivalence may not be a fight…
Things we’re reading today include … Swiss Banks enter the age of bitcoin Executive claims HSBC ‘shut down’ her complaints of sex harassment Fear EU deal puts City of London at risk of ‘rule-taking’ ECB to launch review that will redefine its mission and tools Australia’s Westpac hires former Barclays chairman to tide over crisis…
Things we’re reading today include … Boss of RBS start-up bank Bó quits, plunging its future into chaos NAB faces class action lawsuit for delaying moving $6.3bn of super to low-fee accounts Bank executive accuses HSBC of tolerating “culture of sexism” Vodafone quits Facebook’s Libra currency Davos 2020: Bankers push back against climate action calls…
Things we’re reading today include … Monzo problems: bank ‘freezing accounts for no apparent reason’ Greenpeace hits out at Davos banks for $1.4tn climate hypocrisy Deutsche Bank’s guide to the worst banking jobs at the start of 2020 Bank cyberattack could hit whole financial system JPMorgan says ‘oui’ to Paris expansion post-Brexit A thousand EU…
Things we’re reading today include … Monzo bank ‘freezing accounts for no apparent reason’ JPMorgan to buy Paris building to bring euro teams from London CEO says Bank of America aims to ‘double’ its U.S. consumer market share: FT FCA blindsided by investment fund suspensions Shadow bank assets fall for first time since 2008 Davos…
