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 … Italy bank rescue marred by suicide Tax on benefits-in-kind to be relaxed Top Chinese investor ‘unreachable’ Zero-hours contracts are forcing more people into disastrous debt VIDEO: Inside Myanmar’s first stock exchange Global regulators join crackdown on buy-to-let Banks hire staff outside of London in bid to cut costs This…
Things we’re reading today include … The charts that show London’s economic recovery could pave the way for the next financial crisis Morgan Stanley begins layoffs in credit division Housing crisis: London property costs three times more than the average UK home Citigroup to take $300 million ‘repositioning charge’ in fourth quarter Risky buy-to-let lending…
Things we’re reading today include … Silicon Valley’s Hometown Bank Booms, But Risks Are on Horizon Gordon Brown joins asset manager HSBC looks to global loan book to boost profits Barclays customers stranded after online banking services crash Wonga hires former head of responsible banking at Lloyds Santander boss Ana Botin awarded honorary damehood Will…
Things worth reading today include … Jes Staley Said to Mull Deeper Cuts at Barclays Investment Bank ‘Too many funds do the same thing’ OnDeck/JPMorgan: Fine tech Uneasy calm in markets about upcoming U.S. rate increase, BIS says National Australia Bank pitches Clydesdale flotation to investors Vodafone brings mobile money to 15m people without bank…
Our main stories of the past two weeks include … 110 years to save for retirement: the future of mortgages, pensions and savings I don’t like talking about the long-term future much, as who knows anything about the long-term future? Nevertheless, there are some things that are obvious in the long-term future based upon technological…
Things worth reading today include … Antony Jenkins ‘surprised’ at Barclays sacking Goldman bets on SETLcoin Mario Draghi extends quantitative easing: what the ECB decision means for savings and mortgages ECB’s Mario Draghi expected to boost QE after weak eurozone inflation data ECB moves to boost eurozone economy After Yellen’s teaser comes Draghi the easer…
Things we’re reading today include … Bank shares rise after stress tests RBS and Standard Chartered singled out as BoE unveils stress test results Funding Circle’s peer-to-peer trust raises £150m in London Stock Exchange listing Chinese banks miss out on the party as Asian M&As pass $1 trillion mark ICBC Standard Bank pays out $32.5m…
This blog entry first appeared on SAP for Banking, October 2015. There’s a lot of talk about augmented banking using artificial intelligence and Big Data analytics these days, but what does that mean in reality or, if you prefer, virtual reality? It’s not clear, yet. It is obvious that the developing focus upon Big Data and data…
Things we’re reading today include … City watchdog to look into the use of ‘big data’ by insurers Yim Fung: Chairman at Chinese broker Guotai Junan Securities goes missing Europe’s banks still weighed down by €1 trillion of bad debts Treasury will meet challenger banks four times a year amid concerns sector is not a…
