Things we’re reading today include … Crunch time for troubled Monte dei Paschi as survival rests on savers Banks told to plan breakup as contingency in case of financial disaster As yuan weakens, Chinese rush to open foreign currency accounts Former UBS traders bring case against City watchdog Post-Brexit deals ‘not at price of EU…
A summary of the main blogs of the week … Open Banking consultation (deadline December 23 2016) I’ve been talking a lot about open sourcing financial services this year and, more recently, tracking Open Banking. The Open Banking Working Group was launched just over a year by HM Treasury to create an Open Banking Standard. The…
Things we’re reading today include … Brexit trade deal could take 10 years, says UK’s ambassador Euro tumbles to 14-year low against the dollar Lloyd’s of London plots EU shift to ward off Brexit threat Don’t be afraid to fight for the City, Lords tell the Government US Federal Reserve raises interest rates: what happens…
Things we’re reading today include … HSBC shutting four bank branches a week Wells Fargo fails ‘living will’ test, faces restrictions: U.S. regulators One billion accounts may have been breached in latest Yahoo attack Watchdog eyes revamp of financial compensation scheme Brexit: Warning firms could leave City over uncertainty Why is the US Federal Reserve…
Things we’re reading today include … ‘Bank let me withdraw $2million so I spent it on strippers, cocaine and fast cars’ Wells Fargo fails US bankruptcy test for a second time UniCredit shares soar on plan to raise billions UniCredit unveils €13bn fundraising and plans to cut 14,000 jobs HSBC closes a quarter of branches,…
Things we’re reading today include … Exclusive: SWIFT confirms new cyber thefts, hacking tactics Fed gives banks five years to comply with Volcker Rule limits City watchdog to review mortgage market competition $1,570,000,000,000: how much the world spent on arms this year Barclays exits retail banking in Europe after selling off last vestiges of French…
This week’s main blog items are … The unbankable banked Reflecting on the last year, it’s been crazy. I feel like I’ve spent most of the year jumping on and off airplanes. Most visited cities are London, for obvious reasons, and Singapore. I must have been there five or six times this year, and that…
Things we’re reading today include … Italy in race to seal €5bn bank bail-out after Referendum rejection RBS chiefs ‘knew investment bank’s head wasn’t up to the job’ in run-up to near collapse US banks face clash over EU regulations Financial sector struggles with vision for Brexit RBS offers to settles shareholder lawsuit for £800m…
Things we’re reading today include … UBS picks Frankfurt over London for wealth management business Referendum adds to Italian banks’ woes Insurers grapple with cyber-attacks that spill over into physical damage Smart money? Revising bank-capital standards Singapore to ban ex-Goldman banker amid 1MDB probe Rule breakers face bigger possible fines from CME Group Banking app…
