Things we’re reading today include … There are a couple of problems with Labour’s plan for the Bank of England Central bank independence is too precious to meddle with Metro Bank announces £302m share issue as profits quadruple PayPal quarterly profit beats estimates; forecast falls short Santander UK profits fall in ‘challenging’ market Deutsche Bank…
Things we’re reading today include … Nearly a million fed-up customers switch banks in the past year Revealed: the banks most people are switching to Euro zone bank fund holds 25 billion euros after four years Bank of England to Open New Payment System to Blockchain Users Metro Bank performs U-turn as it pushes to…
Things we’re reading today include … Bank of Asia launches digital global bank in British Virgin Islands Bank of England says payments system can serve blockchain users How deep will Deutsche Bank CEO Christian Sewing cut? Shareholders want details Starling Bank ditches its trademark purple for a new set of fintech clothes US banks urge…
I see a strong need for global regulatory co-ordination. In particular, in a globalised world with a global network where everyone can connect and transact in real-time, anytime, anywhere, the idea of national regulators regulating a system that does not recognise national borders seems counter-intuitive. This was illustrated well by bitcoin which has evaded most…
Things we’re reading today include … Hackers net almost $1m in Russian bank raid India needs a strategy to get the government out of banking Mortgage, Groupon and card debt: how the bottom half bolsters U.S. economy Wall Street braces for tariff fallout as S&P 500 companies report G20 calls for stepped-up trade dialogue; no…
The main blog headlines this week are … Some challenger banks are challenging The UK’s challenger banks are busy getting on with it. They’ve got their licences, they’ve deployed their services, they’re partnering with third parties and creating marketplaces. Much of this was cited in a report by CBInsights, comparing the features of the five…
Things we’re reading today include … The cashless society is a con – and big finance is behind it Why You Should Bank Without a Branch The Australian bank customers who lost everything HSBC’s Global Head Of Digital Says The Bank Is “Cautiously Looking” At Crypto Use Cases How easy is it to break into…
Things we’re reading today include … Virtual banking is set to shake up Hong Kong Mobile bank cashiers used post-it notes for customers U.S. Bank Looks to Expand, But Not with a Digital Bank Silicon Valley Bank hits $100m investment target in Ireland Taxman will have ‘new powers to look at bank accounts with no…
Things we’re reading today include … Why millennials are driving cashless revolution in China Ageing population puts UK on track for ‘unsustainable’ surge in debt, warns OBR Goldman Sachs names DJ-ing banker David Solomon as boss Brexit vote: Government defeats EU customs union bid No-deal Brexit would leave EU worse off than UK amid big…
