Things we’re reading today include … New FCA boss Andrew Bailey warns City asset managers on transparency RBS to make loss for 2015 after £2.5bn charges for PPI, toxic loans and writedowns RBS sets aside billions in provisions, legal bills and pension costs – business live RBS takes near-£7bn hit as chief executive announces bank…
Things we’re reading today include … RBS announces major bank ‘clean-up’ Andrew Bailey: three decades at the regulatory coal face Contactless cards now used for one in seven sales Mega payment ’caused HSBC fault’ AIG to return $25bn after activist siege Criticism surrounds appointments to fuel poverty watchdog JP Morgan pays $1.42bn in Lehman claim…
Things we’re reading today include … How human traders will beat the machines Bonuses: bad for bankers, worse for banks One in five home cover claims rejected Brexit ‘would trigger economic and financial shock’ for UK Interest rate mis-selling under the spotlight in judicial review JPMorgan to pay $1.42 billion cash to settle most Lehman…
Things we’re reading today include … Mojo mentors: how Wall Street coaches help traders stay calm and make money Europe’s big banks remain wary of doing business with Iran Enough is enough: Banks told to stop payments systems crashing VIDEO: DiCaprio to Gates: Davos highlights Ex-Ofcom boss says no to being new chief of City…
Our main stories of this week includes … Banking becomes a series of components … and loses $1 trillion Some technology trends are highly predictable. One such trend is the modularization of banking, a theme picked up in a new Oliver Wyman report that’s free to coincide with Davos. You can download the report here, but…
Things we’re reading today include … In The City: Big banks are getting ready to fight back against the challengers Italian prime minister tries to buoy shares in Italy’s banks JP Morgan’s threat to leave if UK quits EU may bolster support for Brexit JPMorgan raises Dimon’s pay 35 percent, but adds strings Top bankers:…
Things we’re reading today include … Market Meltdown: Fears grow of repeat of 2008 financial crash as investors run for cover What markets are really worried about If this market turmoil forces a US rate cut, the outlook will truly be grim Is Italy the next Greece? Davos leaders look beyond 2016’s early market mayhem…
Things we’re reading today include … Fourth industrial revolution set to benefit richest, UBS report says The four big questions banks must ask themselves in 2016 Kreditech: A credit check by social media Confidence among CEOs sags as China’s slowdown spooks Davos Basel rules seen costing banks up to €120m Exclusive: KPMG withdraws audit opinions…
Things we’re reading today include: Wealth of top 1% ‘equal to other 99%’ HSBC prods customers to spend less and save more Banking Standards Board yet to outline any banking standards JPMorgan shuffles senior ranks at European investment bank Italian bank shares plunge, sparking ban on short-selling Owner of Clydesdale and Yorkshire banks forced to…
Things we’re reading today include … Why 2016 will be a record for bank mergers China Said to Put Reserve Rule on Offshore Bank Yuan Funds NAB unveils pricing range to float British lender Clydesdale Bank Andrew Tyrie demands banks publish balance sheets in effort to block ‘challenger bank’ tax Richest 62 people as wealthy…
