Things we’re reading today include … Larry Summers just obliterated the Fed’s bank stress tests with a single sentence TSB could face fine for system outage and potential data breach Australia has been conned by financial regulators. And now we’ll pay the price | Lindsay David Wells Fargo CEO’s pay details spark pushback by some…
Things we’re reading today include … Zelle, the Banks’ Answer to Venmo, Proves Vulnerable to Fraud Bank of England ‘dangerously ill-equipped’ for next recession, says IPPR Barclays boss Jes Staley faces £1m hit after hunt for whistleblower Mifid II rules failing investors, warns City veteran TSB customers report online problems Half of UK manufacturers fall…
The main blog headlines are … Digital banking? Isn’t that just an app? I meet a lot of senior executive teams of large banks. Some are visionary, many are committed and a large number understand that life is changing. Few understand how. I talk to them about the fintech world of change and how millennials…
Things we’re reading today include … Why India’s Paytm isn’t afraid of WhatsApp Commonwealth Bank charged fees to dead clients, royal commission hears TransferWise becomes first non-bank to join BoE payment system Deutsche Bank’s chief operating officer leaves amid raft of departures A recent history of Australia’s banking scandals Lost home, fees for the dead…
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…
