Things we’re reading today include … Greek talks with lenders fraught as fears grow of default Hedge fund manager goes from billionaire to millionaire in profits plunge US regulators target incentive pay for ‘significant risk-takers’ at financial firms China launches online finance crackdown John Maynard Keynes died 70 years ago. We ignore his wisdom at…
Things we’re reading today include … Metro Bank stems losses to £7.9m in first update since IPO Hackers jailed over SpyEye virus that robbed bank accounts worldwide Iran must pay for terrorist attacks Investors pull $15bn from hedge funds Harriet Tubman will appear on $20 bill, leaving Alexander Hamilton on $10 Worldpay eyes pay-as-you-go for…
Things we’re reading today include … How money has been made over the years US bank revenues fall by most since 2011 Goldman Sachs’ slump extends to four quarters as net revenue plummets Finance leaders call for fintech forum Offshore in central London: the curious case of 29 Harley Street | Oliver Bullough Plans to…
Things we’re reading today include … The bad smell hovering over the global economy SEC faces opposition to trading rules rejig The dark side of Uber: why the sharing economy needs tougher rules | Greg Jericho Greece considers proposal to unblock bailout review talks RBS pulls back fossil fuel investments as green deals grow The…
Our main stories of this week includes … Marketplace lending comes of age One of the interviewees in my new book ValueWeb is Ron Suber, President of Prosper Marketplace Lending. Ron gave a speech last week which is summarized below. Well worth a read. Markeplace Lending: Evolution of an Asset Class (The following post is excerpted from a…
Things we’re reading today include … World Bank and IMF chiefs: tax dodging is grave concern for global economy UK and European allies plan to deal ‘hammer blow’ to tax evasion US corporations have $1.4tn hidden in tax havens, claims Oxfam report Lloyds warns of Brexit ‘uncertainty’ Brexit could lead to loss of 100,000 financial services…
Things we’re reading today include … Ten biggest bank scandals have cost £53bn in fines How monitoring behaviour could unmask the fraudsters Exclusive: Bank of Italy conducting supervisory inspection at Bank of China offices Spanish former top banker arrested The history of getting round the taxman Italy sets up bank rescue fund Goldman Sachs to…
Things we’re reading today include … Russia’s Most Important Bank Needs a Bailout Societe Generale headquarters searched in Panama probe Australia’s big banks wander deeper into regulatory quagmire Swiss banks face scrutiny over Panama Papers Suffering bank investors search for bright spots U.S. banks’ dismal first quarter may spell trouble for 2016 Britain must do…
Our main stories of this week includes … Challenger versus incumbent or challenger and incumbent I guess my highlight of #Money2020Europe was moderating a discussion between Martin Blessing, CEO of Commerzbank, and Ricky Knox, CEO of UK digital-first start-up Tandem Bank. What does it take to be a FinTech hub? As mentioned I’ve just attended #Money2020Europe…
Things we’re reading today include … Why are old banks hooking up with younger models? Labor calls for banking and financial services royal commission Europe’s banks under scrutiny as regulators look into Panama Papers Cyber fraudsters reap $2.3 billion through email wire-transfer scams JPMorgan urges investors to vote down break-up proposal Japan’s economic plan ‘backfiring’…
