Things we’re reading today include … Ant Financial’s $150bn valuation belies glaring risks for investors Lloyds boss wields axe again with 1,200 job cuts and 49 branch closures RBS to pay up to £3.5bn into pension scheme ahead of switching on ‘ring fence’ Barclays eyes move into cryptocurrency trading Australia’s AMP misled corporate watchdog for almost…
Things we’re reading today include … Bank web apps are the “most vulnerable” to getting hacked, new research says Blockchain to disrupt Swiss hold on global bank system, Moody’s says Wall Street still has lessons to learn about overworked staff BofA profit beats estimates on higher interest rates, loan growth HSBC announces private banking shake-up…
Things we’re reading today include … ECB asks Deutsche Bank to gauge investment banking exit costs: source Going Digital In Banking — DBS, Citi, BBVA, ING Lead The Way Bank of England warned lenders end of £127bn cheap funding scheme posed ‘systemic risk’ Robots will steal your wages but not your job, Barclays predicts End…
The main blog headlines are … AI and Best Execution: the Investment Bankers’ Dream Team I don’t often blog about investment banking as it bores my readers who are cool and trendy retail bankers and geeks, mainly, but keep coming back to this article about JPMorgan’s Best Execution AI engine, LOXM. LOXM’s job is to…
Things we’re reading today include … Investing app Stash partners with Green Dot to expand into banking Senator slams bank gun policies, threatens consumer complaint Regulators push to shrink big banks’ rainy-day fund by $121 billion Zopa creates new boards in governance shake-up ahead of bank launch Goldman boss: Brexit hit not as bad as…
Things we’re reading today include … PayPal Makes a Move Toward Traditional Banking Bank of America Says It Will Stop Lending to Military-Style Gunmakers UK interest rates should be raised without delay, says Bank’s McCafferty – as it happened Bank of America: Tech stocks could be headed for regulatory-driven collapse similar to tobacco and banks…
Things we’re reading today include … City regulator faces £30m Brexit bill Deutsche Bank ousts British CEO after two-week boardroom battle Exclusive: U.S. watchdog seeks record fine against Wells Fargo for abuses – sources Celebrities warned over risk of cryptocurrency endorsements Deutsche Bank’s UK arm braces for further cuts as new CEO looks for savings…
Things we’re reading today include … China is at risk of a banking crisis, the Bank of International Settlements has found How crooks are using a legal app to steal your bank card details in under one SECOND UK challenger bank gives up banking licence to focus on fintech Nationwide and Virgin Money dip deep…
The main blog headlines are … The Big Digital Banks: JPMorgan and Goldman Sachs I was having a chat about Artificial Intelligence (AI) in banking the other day. It was an interesting conversation, although most of the examples were for customer service via Chatbots, which doesn’t impress me much. I know that systems like Erica,…
Things we’re reading today include: Barclays’ credit rating downgraded to just above ‘junk’ Inside the takedown of the alleged €1bn cyber bank robber Tesco Bank apologises after getting the rules wrong on recurring payments Deutsche Bank system replacement already paying back India’s Central Bank To Stop Dealing With All Crypto-Related Accounts HSBC whistleblower Hervé Falciani…
