This week’s major updates on the Finanser … What banks can learn from Wal-Mart I picked up Bloomberg Business Week at the airport this week, attracted by the cover. Wal-Mart have issues with the digital revolution. Amazon is stealing their lunch, literally, and they’ve been struggling for years to work out what to do about it. …
Things we’re reading today include … Ant Financial claims doubling of daily users Share sale returns Lloyds to private sector Lloyds chairman Lord Blackwell speaks of ‘great pride’ as bank returns to private hands Lloyds chief executive Antonio Horta Osorio welcomes the end of government ownership Lloyds chairman gives strongest signal to date Antonio Horta-Osorio…
Things we’re reading today include … TransferWise becomes profitable six years after being founded Bernard Madoff: the inside story of an obsessive control freak who fooled the world NYSE wins regulatory approval for ‘speed bump’ exchange JPMorgan’s Dimon defends Trump advisory role, deregulation Lending Club hires Paypal global credit head as new president Clydesdale boss…
Things we’re reading today include … Banks ‘must show action’ in fraud cases Cyber attack could spark lawsuits but not against Microsoft Noel Edmonds accuses Lloyds of ‘foot dragging’ over HBOS payouts JP Morgan buys Dublin office with room for 1,000 staff Ant Financial stalls IPO plan as buying spree continues Ten top American fraudsters…
This week’s main blog headlines are … The legacy clock is ticking Further to my recent trip to Pakistan Business Recorder (their version of The Financial Times) interviewed me in depth about what is happening in FinTech. Here’s what they published: ‘The clock is ticking for Pakistan’s legacy banks,’ Chris Skinner, global fintech expert An independent commentator on financial…
Things we’re reading today include … Mashreq CEO foresees branchless future for UAE bank Top French bank chief attacks no-frills rivals for freeloading Bank branch closures affecting poorest the most Barclays rejigs global investment banking team, seeks new hires Lloyds chief says taxpayer to make £500m on bank rescue Barclays chief falls victim to email…
Things we’re reading today include … Fintech: the second wave of challenger banks Lloyds boss Antonio Horta-Osorio said to be hunting for new job ahead of AGM RBS bosses face ‘brutal grilling’ at banking giant’s AGM SoFi plans to apply for a bank charter in the next month Barclays boss Jes Staley publicly apologises over…
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. …
