Things we’re reading today include … Wells Fargo CEO Scharf shakes up management at scandal-hit bank ABN Amro’s fourth-quarter net profit misses on low interest and rising impairments German digital bank N26 pulls out of UK, blaming Brexit Blockchain: The revolution that hasn’t quite happened Challenger bank N26 to shut all UK accounts No easy…
Things we’re reading today include … Australia plans new bank stress tests to assess climate change impact 2 in 5 would consider digital banks but only once they are ‘popular and successful’ Starling Bank raises £60m from existing investors Deutsche Bank’s revamp plans win support Ex-Virgin Money chief joins cultural shake-up at Lloyd’s of London…
One report you may have missed was this one: CyberRisk and the U.S. Financial System: A Pre-Mortem Analysis from The New York Fed and released in January. The paper focuses upon a co-ordinated cyberattack on the wholesale payment systems of America and can be summarised as: We (the Federal Reserve Bank of New York’s academics)…
Things we’re reading today include … Santander fintech guru trades punk rock for asset management Cryptocurrency specialist to push for UK banking licence Bank of England gold: Rare look inside the vaults How far will Alison Rose go to take RBS into the 21st century? A new rural bank branch opening! What’s going on? One-third…
The main blog headlines are … RegTech versus TechReg I often talk about how banks have five times more regulation than technology firms. That stat comes from Bank of America Merrill Lynch who published this chart a while ago: This is confirmed by similar charts, such as this one from Benedict Evans, a Partner ……
Things we’re reading today include … AMP fined $5m for allowing financial advisers to rip off clients Overdrafts: A guide to your changing bank fees Exclusive: Goldman Sachs to raise $8 billion for new buyout fund – sources What the coronavirus means for financial markets ING hit by sharp rise in bad debts Spooked UK…
Things we’re reading today include … RBS’s digital bank Bo tells customers to shred their cards Starling hits 100,000 business customers as SME banking hots up UniCredit cuts further its stake in Turkey’s Yapi Kredi Barclays faces fresh investor revolt over fossil fuels What the City needs from an EU trade deal City fears paying…
Things we’re reading today include … City banker suspended for ‘stealing food from canteen’ Jeffrey Epstein’s Mystery Bank Came Alive After His Death Is modern banking too complex for challenger banks? China May Ease Shadow-Bank Crackdown to Bolster Slowing Economy N26 is building a better bank EY hit with €95m claim over links to German…
Things we’re reading today include … Goldman Sachs in Amazon talks over small business loans FCA: credit card firms must stop suspending all users in debt spiral Travelex: Bank currency services still offline after hack Only two women applied for Bank of England governor role Worldline to buy Ingenico for €7.8bn China central bank unexpectedly…
Things we’re reading today include … Credit Suisse espionage scandal deepens as report suggests bank spied on Greenpeace Credit Suisse proposes Richard Meddings for election to the board ‘I wasn’t allowed to buy my burrito with cash’ EU states look in poor health to withstand a global crisis Chinese shares drop nearly 9% amid fears…
