Our main stories this week include … From start-up to incumbent: the innovation cycle I mentioned the Uber example of this cycle, which began as a start-up but, as it grew into an upstart, it started to be attacked by the incumbents. Then the regulators woke up and started to consider the implications of the…
Things we're reading today include … Big bonuses breed bad behaviour, says Barclays chairman George Osborne: no climbdown on challenger bank tax Bank customers 'could save £70 a year' by switching current accounts, CMA says As millions weigh up Lloyds' share offer, here's how to rate the banks City watchdogs have revealed the biggest problem…
Things we're reading today include … Fat cat bankers encouraged to slim down with fitness gadgets at Barclays A Deutsche Bank junior employee accidentally sent a hedge fund client $6 billion while their boss was on holiday Credit Agricole agrees $800m US penalty Bank of England forced into u-turn by bankers' human rights lawyers Credit…
Things we're reading today include … EU referendum: Bank of England governor Mark Carney poised to make Brexit intervention Small firms hope for banks' stranglehold to be smashed open Bank move sends Australian shares down John Cryan makes a ruthless start at Deutsche Bank Lloyd's chief tops LGBT power list Deutsche Bank transfers $6 billion…
Things we're reading today include … Deutsche Bank in radical restructure Deutsche Bank culls executives in overhaul Deutsche Bank unveils dramatic overhaul as Colin Fan exits Resurgent banking lobby sets regulatory alarm bells ringing The bank bashing era may finally be coming to an end UK banks could be forced to hold £3.3bn under ringfencing…
Our main stories this week include … The Most Expensive Insurance Claims of all Time [Infographic] Did you know that the global financial crisis of2008 cost insurance companies almost $22 trillion USD? Or that the 9/11 attacks led to insurance pay-outs totalling $40 billion USD? This infographic explores some of the largest pay-outs the world…
Things we're reading today include … Get rich quick with UK challenger banks Ex-Rabobank traders face first U.S. trial over Libor manipulation Matchmakers seek bigger slice of the game Payments system to be smashed wide open for challenger banks Facebook paid only £4,327 in UK tax last year – less than the average worker UK…
Our main stories this week include … What happens if your Digital Identity is compromised? I’ve been asked the same question twice this week in two separate conferences (one in Vienna, the other in San Francisco): “how will we deal with the corruptive forces when we are all on the net?” So here’s the plotline…
Things we're reading today include … London Stock Exchange sells Russell Investments for $1.2bn Apple Pay to expand to Starbucks, Chili's, KFC Lagarde: China not all 'doom and gloom' The Greeks can’t live without the euro and they can’t live with it Los Angeles drops discrimination lawsuit against Citigroup Quantitative frightening Clinton takes aim at…
Things we're reading today include … Royal Bank of Scotland Trialing In-House Cryptocurrency Bank of America says banks may have $100 billion in exposure to Glencore Deutsche Bank expects to lose €6bn in just three months Fix Libor for a curry, court told Hedge funds suffer biggest losses since the financial crisis Fund managers: don’t…
