Things we’re reading today include … Challenger bank Monzo raises another £71m How the Queen was dragged into tax havens affair Regulator mulls compensation for bank scams Saudi billionaire Alwaleed’s arrest rattles investors Who is Prince Al-Waleed bin Talal, the ‘Arabian Warren Buffett’ at the centre of the Saudi anti-corruption purge? Aldermore agrees takeover by South Africa’s…
Things we’re reading today include … Has Lloyds come up with a credible shrinking bank branch? UK businesses are flourishing despite Brexit uncertainty Paradise Papers: Tax haven secrets of ultra-rich exposed Vince Cable attacks RBS over mistreatment of small business customers Crash fears escalate as soaring markets hit highs not seen since Black Tuesday and…
This week’s main blog headlines are … Regulating the unregulated I was thinking about this question of how to regulate global technology platforms that don’t recognise national boundaries, mainly in the context of crypto and digital currencies. How can you regulate a global currency that has no view of state or national laws? Obviously, you…
Things we’re reading today include … Central bankers on the move, but where’s the inflation? Singapore police examine Goldman’s role in 1MDB deals: Bloomberg HSBC ‘ignored money laundering warning’ in South Africa scandal Increasingly, hunting money-launderers is automated Donald Trump nominates Jerome Powell as Fed chair HSBC accused of ‘possible criminal complicity’ in South Africa…
Things we’re reading today include … CME to offer bitcoin futures RBS should have accepted faults more easily, City watchdog tells MPs Fintech firm MarketInvoice joins rush into business lending Pound spikes as Michel Barnier says he’s ready to speed up Brexit talks Bitcoin blasts to new all-time high of $6,450 Banks need Brexit transition…
Things we’re reading today include … Wall Street falls on political uncertainty How would Catalonia go about creating its own currency? HSBC says it will wait as long as possible before moving jobs out of UK Assets of the world’s rich to hit $145 trillion by 2025 as an aging population starts saving Gordon…
Things we’re reading today include … HSBC posts huge jump in profit as Asia business grows Bumper payday for EY partners as Brexit drives revenue growth All hail British banks: self-absorbed, short-termist and spivvy Meet the millennial millionaires: Coutts embraces video gamers Former HSBC employees fight clawback of pension income How credit cards came to…
This week was all #Money2020 … The latest on Apple Pay (#Money2020) I just attended the Money2020 opening session where Jennifer Bailey, who heads up Apple Pay, made a series of statements and announcements about the three-year anniversary of Apple Pay. Released on October 20, 2014, the wallet is now used extensively in the USA…
This week’s main blog headlines are … Why bankers only see horses and technologists are creating cars I was at a large bank’s wealth management conference recently, where the CEO was being quizzed about various areas including a lot about technology and FinTech. He made several statements that I noted with interest: “Roboadvisory services improves…
Things we’re reading today include … Lloyds boss urges UK to maintain its trade relationship with the EU Labour demands review into City of London role in money-laundering Banks consider 555 fraud ‘hotline’ Thirty years ago this week, Wall Street slid into the abyss Goldman Sachs boss talks up Frankfurt as Brexit talks loom Goldman…
