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Things worth reading: 4th September 2018

Things we’re reading today include … U.S. Growth Powers Canadian Banks SocGen expects around $1.4 billion in U.S. sanctions penalties Funding Circle launches £2bn stock market flotation plan Britain’s TSB hit by another IT glitch, angering some customers Russia’s VTB bank apologizes for CEO who called UK’s Boris Johnson a ‘jerk’ Ten years on, the…

Things worth reading: 3rd September 2018

Things we’re reading today include … Monzo top and TSB crashes to the bottom of our customer service poll Banks consider ‘early warning system’ to fight misconduct Women still hold tiny minority of senior roles in financial services HSBC plans digital bank to counter online rivals Our financial system only works for the 1%. It…

The Finanser’s Week: 27th August 2018 – 2nd September 2018

The main blog headlines this week are … Every $1 in $50 in the banks is laundered money (and maybe more) I’ve made the comment many times that it is astounding that around $2 trillion is laundered through the banks of the world each year, up from $1.6 trillion in 2009. It’s about 2.7% of global…

Things worth reading: 31st August 2018

Things we’re reading today include … Foreign born? Bank of America might just freeze your account Europe’s bank bosses all want the same thing — fewer banks Argentina raises interest rates to 60% to shore up peso Wonga collapses into administration Was the financial crisis wasted? | Howard Davies India ‘black’ currency purge that led…

Things worth reading: 30th August 2018

Things we’re reading today include … Flaw in Fiserv banking platform exposed personal data Deutsche Bank CEO says Europe needs ‘strong banks’ amid merger speculation with Commerzbank Hackers faked Cosmos backend to hoodwink bank out of $13.5m Fresh woe for Turkey as banks are downgraded Argentina burns reserves and asks for early IMF help as…

Things worth reading: 28th August 2018

Things we’re reading today include: Risk of no-deal Brexit grows every day, says German industry chief Bank of Spain’s website hit by cyber attack Banks consider ‘early warning system’ to fight misconduct Bank of mum and dad sees average parents spending £18,000 on supporting their grown up children Warren Buffett eyes $300m stake in Indian…

The Finanser’s Week: 20th August 2018 – 26th August 2018

The main blog headlines are … The secret to success with customer data It shows the nature of money and finance in our lives, in the way that the media reports about it. Quite often you get a scary headline like the big banks are watching you or banks will sell your data and it…

Things worth reading: 24th August 2018

Things we’re reading today include: Look, no beard: Goldman Sachs’ Marcus subverts the fintech story | Patrick Collinson Parrots can make complex economic decisions to turn a profit Goldman Sachs starts rolling out retail bank Marcus in the UK Brexit/City: duck and cover SEC to review decision rejecting bitcoin ETFs Ticketmaster announces UK’s first 100pc…

Things worth reading: 23rd August 2018

Things we’re reading today include … Ryanair apologises after compensation cheques bounce Credit Suisse freezes $5 billion of Russian money due to U.S. sanctions Time may be up for the penny coin, says Bank of England The Lehman Brothers party is a red herring – it’s the system that stinks | Stefan Stern AMP’s new…

Things worth reading: 22nd August 2018

Things we’re reading today include … Bank of England’s chief economist warns A.I. could threaten ‘large’ amount of jobs Bank Branches Are Closing At A Record Pace. Here’s Why JPMorgan Chase Is Opening More Big banks are getting ready for an uncertain future JPMorgan undercuts discount brokerages on trades Greece may still be Europe’s sick…

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