Things we’re reading today include: French court rejects Jérôme Kerviel request for retrial HSBC’s turnround: a touchy feely recipe for success Barclays customers vent their anger after banking services go down for several hours Danske Bank money laundering ‘is biggest scandal in Europe’ Barclays internet banking restored after technical problem Britain lets Putin move his…
Things we’re reading today include … Funding Circle seeks valuation of up to £1.8bn in IPO Social media could destabilise the economy, Bank of England warns Danske bank chief resigns over €200bn money-laundering scandal World Bank reports slower progress on extreme poverty TSB to bid for £833m RBS fund despite IT meltdown Bank of America…
Things we’re reading today include … Fewer than 2pc of bank chiefs worldwide are women despite value of female executives, says IMF Why Is This Supersafe Bank Scaring the Fed? Impact of automation on jobs has been overstated, claims Bank of England’s Mark Carney Banks step up to the fintech threat CBW Bank talks digital…
Things we’re reading today include … Mark Carney’s stress tests reinvent project fear by accident Deutsche to shift more assets to Frankfurt, ringfence UK operations after Brexit: source Flood of payouts ‘could crash Bitcoin market’ ‘Illusion’ to think states can completely prevent financial crises: Weidmann JP Morgan chief Dimon says shouldn’t have made remarks about…
The main blog headlines are … Ten years since Lehmans collapsed and the GFC started It’s September 14. It’s exactly ten years since Lehman Brothers collapsed. It’s ten years since the touchpaper was lit that sparked the Global Financial Crisis (GFC). It’s exactly ten years since I landed in Vienna for Sibos 2008 on Sunday, September…
Things we’re reading today include … RBS boss accused of withholding information from MPs We are due a recession in 2020 – and we will lack the tools to fight it | Nouriel Roubini No 10 dismisses Gordon Brown’s warning of UK ‘sleepwalking into financial crisis’ Gordon Brown says world could be ‘sleepwalking’ into financial crisis,…
Things we’re reading today include … U.S. securities law can cover cryptocurrencies, judge rules JP Morgan boss Dimon declares he’d be a better president than Trump, then retracts EU proposes new powers to crack down on money laundering Lloyds axes a further 15 bank branches despite committing to network UBS ‘rogue trader’ moved to Heathrow…
Things we’re reading today include … What became of the G20 leaders who met in 2008 to avert financial crisis? Why ‘stable coins’ are no answer to bitcoin’s instability JP Morgan in ‘full execution mode’ over Brexit as banks begin moving jobs Exclusive: U.S. regulators reject Wells Fargo’s plan to repay customers – sources Mark…
Things we’re reading today include … New York regulator approves Winklevoss, Paxos dollar-linked tokens Clydesdale tipped to start buying spree after investors back £1.7bn Virgin Money takeover ING CFO Timmermans to step down after $900 million money laundering fine The post-crash principle for banks: be moral or bust | Zoe Williams HSBC whistleblower in Spanish…
