Things we’re reading today include … US Fed injects $1.5tn to markets as Dow and FTSE suffer worst day since 1987 Corporate bonds and loans are at the centre of a new financial scare FCA chief rejects MPs’ calls for higher banks IT levy Trump’s bid to calm crisis simply caused more financial chaos ECB’s…
Things we’re reading today include … Carney orders banks: don’t waste our emergency cash on bonuses Lloyds Banking Group adds Google to cloud roster Lloyds Banking Group now offer gambling-blocking software Gamban Bank CEOs convene in Washington for meeting with President Trump on coronavirus response Here’s Why Wells Fargo, Bank of America, and Citigroup are…
Things we’re reading today include … Wells Fargo CEO tells Congress bank has doubled down on regulatory issues An Italian financial crisis is certain – the big question is how contagious it is | Larry Elliott Banks at risk of losing billions of dollars in fee-based revenues – study Informa delays or cancels events worth…
Things we’re reading today include … ‘This is a meltdown’: Tension turns to panic on dramatic day in City Wall Street regulator paves way for home trading as coronavirus spreads Barclays cuts 2020 oil price outlook on price war, virus impact Yes Bank: Founder Rana Kapoor held over alleged money laundering FCA/LSE: high margins raise…
Things we’re reading today include … Yes Bank customers queue for cash after India’s central bank takes control Serious Fraud Office looking at Lloyds Bank and KPMG claims U.S. Banks Are About to Collapse and Send Some Financial Stocks Soaring PIMCO sees mild recession due to virus but tight credit poses risk Big banks brace…
The main blog headlines are … What does ‘digital transformation’ really mean? Buzzwords. We have a lot of them. Artificial, autonomous, augmented. Big data, blockchain, bilateral. Crypto, currency, consensus. Distributed, decentralised, democratised. I’m tempted to write the ABC of technology buzzwords, but know there cannot be any that start with X or Z*. However, I’m…
Things we’re reading today include … JPMorgan CEO Jamie Dimon recovering after emergency heart surgery Credit Suisse chairman has sought to extend tenure Barnier warns of grave differences between EU and UK in trade talks JPMorgan restricts all non-essential domestic travel globally: internal memo New Bank of England governor approved (sort of) IMF provides $50bn…
Things we’re reading today include … Digital bank Starling to create 400 jobs in Cardiff Metro Bank ousts risk officer a fortnight after he joined ailing lender Michael Sherwood joins Revolut board Regulatory equivalence with EU could risk US deal China’s Ant Financial takes stake in Sweden’s Klarna Can the American banking system keep cash…
Things we’re reading today include … Monzo tops our customer service poll Wall Street prepares as coronavirus gets closer to home Was Tulip Mania really the first great financial bubble? Facebook ‘rethinks’ plans for Libra cryptocurrency Another foul day on Wall Street after surprise Fed rate cut Banks issue emergency loans to UK firms hit…
Things we’re reading today include … Goldman Sachs builds up 8.5 per cent voting rights in Metro Bank Deutsche Bank under pressure from UK regulator over compliance failings Thought Machine raises $83m in series B funding Top central banks appear primed to act to combat coronavirus risk Winners and losers from overdraft overhaul Barclays under…
