The main blog headlines are … Treating Customers Unfairly (#HSBC) I’ve blogged many times that so called free banking is a fallacy. It’s something I have blogged about for a decade, and the recurring theme is free banking should be banned by the regulator as it’s only free as long as you don’t go overdrawn….
Things we’re reading today include … HSBC to bring in single overdraft rate of 40% Created to democratise credit, P2P lenders are going after big money Peer-to-peer platform Landbay shuts doors to retail investors US and UK bust one of the worst cyber banking hacks in a decade, charging Russians in multi-million dollar scheme For…
Things we’re reading today include … One in five consumer credit reports contains an error HSBC customers could see overdraft fees quadruple under new regime Winklevoss crypto-exchange hires Starling co-founder Metro Bank chief to step down two months after chairman Zopa backer cuts valuation almost in half Wall Street power player makes her political debut
Things we’re reading today include … How robust is the world’s financial plumbing? Bank gives thumbs up to innovative payment method Trump Loses Appeal on Deutsche Bank Subpoenas ING Bank spell out use cases for digital currencies Zopa gets £140m investment amid pursuit of bank licence TSB fails to meet gender balance target
Things we’re reading today include … Britain’s Best Bank Accounts TSB bonuses to be docked for failure to meet gender balance targets UK’s six richest people control as much wealth as poorest 13m – study Lagarde: ECB should do more to tackle climate emergency How big tech is dragging us towards the next financial crash…
Things we’re reading today include … RBS takes on Monzo with standalone digital bank Bó It’s the end of the World Trade Organisation as we know it Barclays chief Jes Staley could have pension payment cut in half Loan sharks cash in on Black Friday spending spree Antony Jenkins and his visible values Virgin Money…
Things we’re reading today include … Revolut marketing boss says bank is not “untouchable” Lloyds plan to cut chief executive’s pay by £220,000 Wall Street hits record high after US GDP is revised up – business live Deutsche Bank offloads assets to Goldman in restructuring Ant Financial builds $1bn start-up investment fund Barclays to cut chief…
Things we’re reading today include … Major banks suffer five IT glitches a week, Which? finds Factbox: Five years of Australian finance scandals China’s bank funding pressured as confidence drops Exchanges pitch alternative to IPOs for fundraising Westpac bank chief quits amid money laundering scandal Citigroup fined £44m by Bank over poor financial information
Things we’re reading today include … Women savers are ‘more loyal to their bank than men’ Bank of America CEO: People still want regulation, security amid tech competition ‘Bank of Mum’ helped fund Prince Andrew’s £13m Swiss chalet Charles Schwab agrees to buy TD Ameritrade for $26bn TSB to close 82 branches next year to…
