Things we’re reading today include … CMA outline plans to ‘radically change’ retail banking The competition watchdog is letting the banks off the hook Q&A: Banking reforms Brexit latest ‘Project Sauron’ malware hidden for five years Old Mutual sells £238m Italian wealth arm as part of separation Money laundering rule on prepaid cards stalled after…
Things we’re reading today include … Married boss of bailed-out bank enjoys business trip with secret mistress Deutsche Bank Fined $12.5 Million for ‘Squawk Box’ Failures Ten of the most expensive animals in the world Barclays pays a further $100m in the US over Libor fraud Watchdog targets banking ‘revolution’ Lloyds faces legal fight over…
Things we’re reading today include … UK taxpayers still have much to fear from RBS struggles UniCredit injects 1 billion euros into Bank Austria as part of unit split British jobs market ‘in freefall’ after Brexit vote as Bank warns 250,000 jobs will be lost over next few years Whistleblower says parliamentary committee on banking…
Here are our key posts for the past week … Looking for a live Unicorn I was chatting about Unicorns yesterday. I won’t say which one we talked about, but one specific firm was being picked on as unsustainable and incorrectly valued. I was particularly surprised to hear that their cost of customer acquisition is…
Things we’re reading today include … Goldman warns of Brexit restructuring Stop backing risky crowdfunding, MPs tell the government Bank of England unveils four-pronged stimulus package in bid to avoid Brexit recession US banks step up credit card push RSA profits jump as sterling’s Brexit slide boosts foreign earnings Banks offered cheap cash to boost…
Things we’re reading today include … Don’t Let Bank Regulators Create Another Japan The City of London is going to lose business from Brexit, say fund managers Banks turning to voice recognition First TV interview with £1.4bn loss trader RBS and Barclays hit by poor stress test showing UK claims global victory with first masala…
Friend of the Financial Services Club and journalist with Financial News Anna Irrera has recently started producing a weekly roundup of FinTech news. She’s kindly agreed to let me republish this summary here on The Finanser, so here goes: A good roundup of startups bringing AI to fintech… From Algorithmic Trading To Personal Finance Bots: 41 Startups…
Things we’re reading today include … Poverty costs UK £78bn a year, Joseph Rowntree Foundation says Oaknorth Bank set to hire Lord Francis Maude UK and China regulators discuss framework for financial projects Monte dei Paschi’s last-ditch rescue plan faces high hurdles Alipay challenges China Unionpay on fees Barclays to abolish passwords for phone banking…
Things we’re reading today include … Stressed out Bezos passes Buffett, becomes third-richest person: Forbes MasterCard and PayPal in alliance talks Deutsche Bank: problems of scale Lloyds cuts a further 3,000 jobs and doubles branch closure plan Goldman says oil’s rebalancing remains fragile amid macro headwinds
Things we’re reading today include … Santander cautiously confident despite worries of a slowdown Federal Reserve hints at sooner-than-expected rate rise as economic risks recede Challenger banks defy Brexit vote with booming revenues Standard Chartered hires IMF’s José Viñals as new chairman Lloyds to slash 3,000 jobs and close branches City Airport £344m expansion plan…
