Things we're reading today include … Ex-head of New York bank sentenced to two-and-a-half years prison for TARP fraud Banks' gentle words are at odds with Glencore reality Co-op Bank tripled its net loss and it is likely to remain in the red until 2017 No profit until 2017, says Co-op Bank Currency wars in…
Things we're reading today include … Bank of England probes insurers' cyber defences Wake up, Whitehall: Lazard isn’t the only advisory shop Promontory settles over StanChart probe Andy Murray goes on crowdfunding spree JPMorgan, Goldman Sachs, Morgan Stanley to form data company: WSJ Greece debt crisis: German Chancellor Angela Merkel suffers biggest revolt yet, but…
Things we're reading today include … A Bank for People Who Hate Banks Bank of England analysts believe Twitter could help predict a bank run, early signs of unemployment data and market movements In Germany, 60 conservative MPs oppose Merkel course on Greece How three internships cost an American bank $15m Zopa lobbies for peer-to-peer…
Things we're reading today include … A look inside Mondo, a bank that's just an app Chinese farmer swindles thousands of dollars by opening fake bank Matthias Kröner CEO of Fidor Bank: Why isn't bitcoin being executed by banks? There may be no sudden fallout from China’s crash – but give it time Increase reserves and…
Things we're reading today include … Bosses earn '183 times average worker' ECB doubles time for banks’ risk review Quarter of bankers still under pressure to mis-sell P2P lenders widen access for investors UK’s P2P lenders turn attention to Asia Insurers charge 'eye-watering' fees Record wave of finance workers want to move job Bob Diamond…
Our main stories this week include … Do you believe in Unicorns? It’s mid-summer and quiet, but there is some interesting stuff still happening, particularly when we talk about Unicorns. Do you believe in Unicorns? Unicorns, in technology terms, are companies with valuations of more than $1 billion that have launched since 2000. There are…
Things we're reading today include … Don't expect new City rules to stop another financial crisis China devalues yuan for the third day running London brokering firms used in newswire cyber hacking case Deutsche Bank shamed again as employees are charged with fraud US banks extend lead over European rivals Life is a carousel of…
Things we're reading today include … French are stingiest tippers in the world (and Brits are not far behind) China lets yuan fall further, fuels fears of 'currency war' China moves to calm fears over global currency war The yuan devaluation's global impact China central bank tries to soothe global markets, says no basis for…
Things we're reading today include … US authorities break up 'insider trading ring' that used Ukrainian hackers South Korea moves towards first online-only bank Commonwealth Bank announces record $9bn profit, seeks to raise $5bn in capital Carney tells Osborne: Bank of England may need more power to go after risk takers Co-op Bank escapes regulatory…
Things we're reading today include … Taiwan bank trials face-recognition ATM Warren Raises Alarm Over Encrypted Bank Messaging System UK’s oldest private bank C. Hoare & Co finally goes digital Japanese bank Nomura just wiped out a load of traders Co-op set to escape misconduct fines from regulators Clydesdale pushes on with float despite more…
