Things we’re reading today include … Swiss Reject Plan That Would Have Revolutionized Banking Standard Chartered says it will apply to operate a virtual bank in Hong Kong Small US banks are winners from deregulation, now they want more NatWest tests cardless online paying Top investment bank profits at pre-crisis levels South Korean exchange Coinrail…
The main blog headlines are … #Money2020Europe Day One: Will banks become ‘safes’ for data? The good thing about blogging is that I have a public record of my thinking. Hence, I can claim that Banking-as-a-Service (BaaS) is mine. That’s because I was presenting the idea ten years ago and blogged about it in February…
Things we’re reading today include … TSB chief under pressure to quit after rebuke from MPs London Stock Exchange trading opens hour late after ’embarrassing’ blackout Ant Financial valued above Goldman Sachs in $14bn funding MPs gun for under-fire TSB chief after IT fiasco SocGen executives ordered Libor rigging, US prosecutors believed Ex-Anglo Irish Bank…
Things we’re reading today include … Ex-Anglo Irish Bank chief convicted of fraud Wells Fargo isn’t the only bank with fake accounts, regulators say Buffett, Dimon say quarterly profit forecasts harming economy: WSJ TSB says 1,300 people lost money through fraud since IT meltdown – as it happened The world’s richest celebrity power couples TSB…
Things we’re reading today include …. Dutch central bank warns about the rise of the cashless society World Bank warns trade tensions could cause 2008-level crisis RBS shares sold at £2bn loss as Treasury says it is ‘unrealistic’ taxpayers will ever make profit City watchdog criticises TSB’s ‘poor’ communications ahead of second grilling by MPs…
Things we’re reading today include … Major bank CEOs say blockchain will underpin the financial industry ‘in five years’ Deutsche Bank CEO insists financial strength is ‘beyond doubt’ despite rating downgrade Fintech unicorn TransferWise strikes first deal with a major bank to offer cheap currency transfers UK government to sell 7.7% stake in RBS worth…
Things we’re reading today include … Australia’s CommBank accepts record penalty in money-laundering case Westpac lost files of hundreds of clients, whistleblowers say UK ‘should walk’ from EU trade deal rather than City become ‘rule taker’, says senior Tory MEP UniCredit seeks merger with SocGen TSB ‘broke GDPR rules’ with bungled apology letters to customers…
Things we’re reading today include … Lawsuit Reveals Deutsche Bank Probe of Ties to Russian Ministers ANZ, Deutsche Bank and Citigroup face ‘criminal cartel’ charges Credit cards are not dead – consumer debt slump was just a blip Crackdown on high-interest lending announced by FCA ‘I bought my mum a flat’ Australian banking in shock…
Things we’re reading today include … Government urged to use RBS majority stake to veto branch closures Bank of Mum and Dad ‘feels the pinch’ Anti-Brexit tycoon George Soros says EU faces ‘existential crisis’ Complaints about loans see sharp rise Stocks take battering as Italian crisis roils financial markets UBS hires former top civil servant…
