Our main stories of this week includes … The natural order of society is that the system dictates the system Building on yesterday’s discussion of how Fintech firms will eventually become banks, I think a lot of people overlook the humanity in the network. What I mean by this is that there is a natural biological…
Things we’re reading today include … Insight: Parmesan bonds replace bank loans in Italy’s new credit order ECB expected to take further action to boost eurozone economy Politics nothing to do with curbing big banks: Fed’s Kashkari Citigroup plans to exit retail banking in Argentina, Brazil – Bloomberg Five Chinese bank execs arrested in Spain…
Things we’re reading today include … Apple Pay takes on China’s internet kings in mobile payments Apple Pay service launches in China Federal Reserve meeting minutes show uncertainty about global economy Number of UK homes worth more than £1m set to ‘triple by 2030’ Russia sues Ukraine over $3bn debt Brexit could benefit UK…
Things we’re reading today include … Investment banks’ profits to fall after market meltdown Metro Bank becomes latest victim of rocky markets as it slashes pre-float fundraising US Fed member wants break-up of banks Banks behind quarter of peer-to-peer loans There will be another crisis. It’s just a question of when Architect of 2008 bailout…
Things we’re reading today include … UBS rates bankers’ behavior in performance review revamp: sources HSBC to keep HQ in UK: what the experts say Focus shifts to HSBC boardroom personnel after HQ decision Mapped: Negative central bank interest rates now herald new danger for the world Safety check: Are our banks now safe? Global…
Things we’re reading today include … HSBC will remain in London after board makes final decision on bank HQ UK banks vulnerable to global shock, economist warns Citi’s top bankers could avoid UK rules Stress and the City: Britain’s bank workers buckle under pressure German poll finds one in three firms would leave UK after…
Our main stories of this week includes … Is it Fintech or Techfin (Part One) In conversation with bankers and start-ups, it is clear that there is a differing view of the world. It is not as clear-cut as nimble innovator versus dinosaur incumbent, which is how many portray this chasm of difference of thinking, but…
Things we’re reading today include … Morgan Stanley to pay $3.2bn settlement Lending Club announces share buyback Stock markets hit by global rout raising fears for financial sector Like a game of Jenga, one wrong move could bring banks crashing down Is Germany dragging down the eurozone? JPMorgan’s Dimon buys more than $25 million of…
Things we’re reading today include … There’s a bitter cocktail of concerns swirling around Europe’s banks The world can’t afford another financial crash – it could destroy capitalism as we know it John Cryan: the Yorkshireman at the heart of Deutsche Deutsche Bank shares climb as bosses back up tough talk with cash Deutsche Bank:…
Things we’re reading today include … Goldman Sachs ‘to slash jobs’ amid global economic slowdown Is the European banking industry facing its own Lehman Brothers moment? HSBC sued by families of victims in drug money laundering case London Whale’s former boss at JP Morgan fined £800,000 Shares dive as fears mount for health of global…
