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…
Things we’re reading today include … Challenger banks stand out from the crowd ‘Panic situation’: Asian stocks tumble amid fears of new global recession Next time there’s a crisis, the big banks should be allowed to fail Ban £50 notes, ex-bank chief says Royal London warns banks: the days of bonuses for failure are over…
Things we’re reading today include … HSBC ‘to stay in London’ as board meets for final decision on HQ Barclays needs some big ideas while share price languishes China’s currency reserves plunge Fintech firms want to open accounts at the Bank of England MPs challenge ‘unclear’ bank tax rules German arm of Maple Bank shut…
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 … U.S. banks targeted by activist investors on merger wave hopes Hackers in China attack 20m accounts on Alibaba’s Taobao shopping site U.S. House approves limits on investigating banks for fraud ties FCA extends accountability regime to HFT Bank break-ups: here we go again Moody’s downgrades Clydesdale Bank’s deposit rating…
Things we’re reading today include … ‘Flash crash’ trader begins fight against extradition to US G20 plays by the book as unnerved markets crave succour Regulators seek more detail on EU deal Clydesdale warns: Brexit could drive up borrowing costs Lloyds Bank to cut 1,755 jobs and shut 26 branches Bank of England would try…
Things we’re reading today include … What are ‘dark pools’? Nutmeg cuts fees amid arrival of cheaper ‘roboadvisers’ Universal Credit ‘leaves people poorer’ Prudential shares spooked by Chinese capital crackdown MPs debate the FCA: Seven things you might have missed U.S. stock market reforms suggested to prevent market chaos UBS hit by Asian slowdown and…
Things we’re reading today include … We need to talk about Metro Bank’s weird balance sheet Lloyds ‘facing extra £2bn PPI bill’ Clydesdale Bank on home stretch for flotation as Australian courts give green light Payday lenders and credit firms to pay for ‘illegal money’ enforcement teams Almost one million investors lose £5.3bn in massive…
Things we’re reading today include … Banks must seize ‘once in a lifetime chance’ to serve real economy MPs to debate whether Financial Conduct Authority is up to job of regulating City HSBC to freeze salaries, hiring in 2016 in battle to cut costs: sources Financial sector bonuses fall, survey shows China tightens money market…
Our main stories of this week includes … Who wants to be a (Fintech) Unicorn? For the past year, there’s been lots of talk about Fintech Unicorns – start-up companies with over a billion dollar valuation launched since 2000. Jim Bruene at Finovate – register for Finovate Europe with 20% discount using FSClub20 – wrote about so…
