Things we’re reading today include … Silicon Valley tech firms exacerbating income inequality, World Bank warns JPMorgan strikes confident tone after better-than-expected results Stock market’s 2016 rout has tech firms reeling – and may prove fatal for some Goldman Sachs reaches $5bn settlement over mortgage-backed securities HSBC fights to stop money-laundering report going public Deutsche’s…
Things we’re reading today include … Deutsche Bank’s Shrunken Ambition Top Bank Stocks to Buy In 2016 Sell everything ahead of stock market crash, say RBS economists Bankers’ bonuses to come with strings attached even if they move companies Banks charge small firms extra £4bn on top of standard fees for money transfers Goldman Sachs…
Things we’re reading today include: Chime Wants To Be A Well-Liked Bank For Millennials Bank Denies Any Role In Probe Being Scrapped After eight years, Iceland reimburses Britain for Icesave collapse Russia nationalises major bank in Crimea Co-op Bank and Wonga are most improved UK brands of 2015 Virgin Money hires new directors from rival…
Things we’re reading today include … Atom Is First UK Mobile-Only Bank To Receive License Slowing UK growth leaves Bank of England unhurried on rates Deutsche Bank’s suspicious Russian trades count rises to $10 billion Hidden in plain sight: Big risks at failed Third Avenue fund were clear to some European banks: left behind Is…
Things we’re reading today include … A bank persuaded Twitter to delete my tweets Plot to bank in libraries could put you at risk of fraud Number Of People Using Non-Bank Options To Manage Their Money Could Double In 2016 National Stock Exchange relaunches, aims to shake up U.S. industry Yirendai claims head start on…
Things we’re reading today include … Trader has rate-rigging sentence cut Long wait for a statesmanlike banker Alibaba names new head of anti-counterfeiting, IP unit Small banks told: you will be hit by bonus cap Jailed Libor rigger Tom Hayes has sentence reduced by three years Ex-RBS trader pleads guilty in U.S. to defrauding customers…
Things we’re reading today include … Metro Bank Plots London Float ‘Within Weeks’ The Bank of Japan Lays an Egg Treasury hires RBS and Barclays to run state bank accounts Challenger bank boss says smaller UK lenders would be better off outside of the EU Portugal plugs 2.2 billion euro Banif hole, offloads bank to…
Our main stories this week include … 2015 was the year of the blockchain The world is still very confused about bitcoin. For example, some press are still writing the old stories about the phenomena as an investment: Man buys $27 of bitcoin, forgets about them, finds they’re now worth $886k. It makes for a…
Things we’re reading today include … Apple to launch Apple Pay in China, take on Alibaba, Tencent City regulator criticised after RBS investigation is pushed back As Fed fog lifts, central bankers keep puzzling over China Bill Winters lines up the team he wants to reform StanChart Christine Lagarde, IMF chief, to face trial over…
Things we’re reading today include … US Fed raises interest rates by 0.25% Major U.S. banks raise prime rates after Fed rate hike When the Fed last raised rates New year, new legal bills for the forex-rigging banks Santander leads likely bidders for RBS’ Williams & Glyn spin-off Barclays reviews Africa strategy Barclays sells index…
