Things we’re reading today include … Australia’s big banks hit by $6.2bn levy in budget cash grab $14 billion wiped off big banks as new levy, fines add to pain Germany welcomes Chinese investment in financial firms RBS cuts hundreds of technology jobs Former Lloyds bosses to face October court date over shareholder HBOS lawsuit…
Things we’re reading today include … City banks could move at least 9,000 jobs from UK due to Brexit Starling Bank unveils real-time mobile payments Why the future of banking is mobile-only UK finance watchdog criticised for “absurd” spend on new logo virtually identical to old one Trump review of Wall Street rules to be…
A summary of the main blogs of the week … Frictionless Finance with FinTech Larry Summers, former director of the National Economic Council for President Barack Obama, writes a regular column in The Financial Times. His latest piece is his take on FinTech, which has the main headline that FinTech is taking away frictions in finance. …
Things we’re reading today include … Hammond reassures City as euro-clearing battle with Brussels heats up Goldman’s Blankfein says London could stall due to Brexit: BBC Société Générale to pay €963m to settle Libyan legal claims HSBC profits fall in first quarter Adele earned £40m last year, says Sunday Times Rich List This week’s Economist: Warren…
Things we’re reading today include … JP Morgan may move hundreds of jobs in pre-Brexit move UBS breaks ranks with push for mid-tier Asian millionaires BNP Paribas: ooh là là HSBC profits fall as bank bids to restore flagging revenues Ignore €100bn Brexit bill and focus on trade deal, CBI tells London and EU French…
Things we’re reading today include … Warning over fake bank websites targeting British savers Juncker goes to WAR with Italy’s oldest bank Monte dei Paschi putting bailout under threat Barclays boss embroiled in KKR dispute with brother-in-law Wall Street elite find it hard to bank on Trump’s breakup talk LSE fires back at EU plot…
This week’s main blog headlines are … Why organisations resist innovation One of my good friends at 11FS referenced Conway’s Law the other day. I wondered what it was, as I know Moore’s Law and the Law of Diminishing Returns in economics, but Conway’s Law? What’s that? It’s a thesis created by Melvin E. Conway,…
Things we’re reading today include … Foreign investors back Brexit Britain Barclays threatened with investor revolt over governance concerns Barclays profits more than double Deutsche Bank to name von Moltke as new CFO: source Taxpayer-owned RBS returns to profit in first quarter of the year Lloyds Bank’s profits rise despite ‘challenging’ times Eurozone recovery gathering…
Things we’re reading today include … Deutsche Bank beats forecasts in strong start to 2017 Lloyds hires retired judge for internal probe into HBOS fraud scandal Chinese money market fund becomes world’s biggest Barclays boss: Banks need access to talent post-Brexit Lloyds and Queen’s bank Coutts rack up customer complaints Lloyds Bank profits double in…
Things we’re reading today include … Number of U.S. bank branches to shrink 20 percent in five years will.i.am to mix tech know-how with banking at Britain’s Atom Lloyds bank bailout repaid in full, says Philip Hammond For Wells Fargo directors, narrow wins may not be enough Weatherbys aims to double client base and loan…
