Things we’re reading today include … Clearing houses saddled with ‘too-big-to-fail’ tag US banks ‘wasting billions’ trying to track crime Struggling European banks see light at end of low-rates tunnel Deutsche Boerse boss insists insider trading claims ‘unfounded’ Donald Trump’s policies risk sending US economy back to the 1970s, warns former boss of Federal Reserve…
Things we’re reading today include … It’s about to get even better for the banks Bank or building society? European fintech deals hit 5-year high in 2016 Co-op sale would be ‘bad for competition and choice’ RBS accused of fraud and forgery by customers and ex-employee Lloyd’s of London angers staff with workday boozing ban…
Things we’re reading today include … Geeks venture into Goldman Sachs’ world of big deals and egos HSBC names veteran banker to helm ring-fenced business Steven Mnuchin: the man who went from Goldman Sachs to US Treasury Secretary via Magic Mike XXL US Federal Reserve on course to raise interest rates as Yellen says ‘unwise’…
Things we’re reading today include … Pay as you speak: Santander revamps voice banking app Co-op Bank up for sale after Bank of England warned its finances were off track Credit Suisse to cut 5,500 jobs in 2017 after $2.4 billion full-year loss Ex-Goldman banker Mnuchin installed as Treasury secretary The woman using technology to…
Things we’re reading today include … RBS plays down claim it will cut 15,000 jobs Australian banks narrow focus of Apple Pay collective bargaining request Donald Trump’s red tape bonfire is a boost to banks Co-op Bank puts itself up for sale as it braces for another ‘significant’ loss ‘Significant uncertainty’ about fiscal policy under…
A summary of the main blogs of the week … Dodd-Frank, Donald Trump and Goldman Sachs: you’ve been suckered The big headline on Friday was Donald Trump has signed an Executive Order to review the Dodd-Frank regulations. He also changed rules relating to brokers, so that they can seek maximised profits rather than being forced…
Things we’re reading today include … Trump’s bonfire of banking rules could burn us all China’s drive to reduce financial system risks is squeezing the nation’s banks Robust regulation needed for UK, says Bank deputy boss Boutique banks: at your discretion Bank of England hits Japanese firms with record £27m fine Bank of England: Charlotte…
Things we’re reading today include … Which bank branches is TSB going to close? Rival branch closures boost Handelsbanken UK Young, savvy and poor: millennial men ‘earn £12,500 less than previous generation by 30’ Mervyn King: MPs’ attitude made Brexit inevitable Why is Greece back in the headlines? Wells Fargo likely to eliminate 2016 bonuses…
Things we’re reading today include … Biggest US banks holding $120bn of excess capital Brexit vote has ‘chilling’ effect on start-up investment Lloyds to review HBOS customer cases New India banks spark hopes of industry overhaul White House memo confuses Wall Street on fate of fiduciary rule Six traders plead not guilty to Euribor rigging…
A summary of the main blogs of the week … The Semantic Regulator (#RegTech Rules) A bank has to make a regulatory change every 12 minutes. That’s some task. A bigger question must also be: how can a regulatory check that a bank is compliant with their regulatory changes, if their regulations change every 12…
