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…
Things we’re reading today include … Nationwide leads race for £1.9bn Sainsbury’s Bank deal Lloyds Bank faces fresh police inquiry over fraud claims Bank of England passed ‘misuse’ firm for due diligence three times ‘Swindled with bitcoin’: Australian victims count cost of online finance scam The rise and dramatic fall of European banks in the…
The main blog headlines are … “I was the first knowledge worker whose job was threatened by a machine” Really interesting interview with Garry Kasparov in Wired magazine about the potential of artificial intelligence (AI) in the future. Garry Kasparov is perhaps the greatest chess player in history. For almost two decades after becoming world…
Things we’re reading today include … Too white, too male: Fed takes on diversity one bank board member at a time JPMorgan restricts global travel to protect against virus: Bloomberg News SEC orders Wells Fargo pay $35 million for recommendations of high-risk products Bank bosses in America stick around longer than those in Europe Rethinking…
Things we’re reading today include … B-Social raises £7.8m to become a fully licensed bank Swedish fintech Klarna posts first ever annual loss StanChart posts strong results but coronavirus, economic headwinds to hamper profit growth BCR’s £120m handout to Metro bank has turned out to be a colossal waste Lloyds, Virgin and Direct Line to…
Things we’re reading today include … Dimon says ‘door is open’ for more US bank deals FTSE loses another £35bn as coronavirus rattles global markets Wall Street plunges on fears of coronavirus pandemic Barclays attacked by activist investor over CEO’s Epstein links JP Morgan to withdraw support for some fossil fuels Gina Miller demands review…
Things we’re reading today include … UBS releases diversity figures for Americas staff US hedge fund calls for Prudential breakup as it takes near-$2bn stake Barclays/Jes Staley: Europe’s last investment banker British fintech Revolut hits $5.5 billion valuation after funding round Mastercard says coronavirus to hit first-quarter revenue JPMorgan Chase plans to unveil climate initiatives…
Things we’re reading today include … Barclays set to kick off hunt for next chief executive Cruel lottery as banks play blame game over push-payment fraud No global digital tax by end-2020 would mean chaos: France JPMorgan lines up ex-regulator to lead UK digital bank UniCredit CEO Mustier ruled out of HSBC role: source Bank…
