Things we’re reading today include … Financial technology start-ups need power of the EU behind them Costs of overdrafts to fall as part of UK banks overhaul Big Four banks benefit from regulator’s featherlight approach Lloyds shares yield £130m for Treasury Chinese bank buys London gold vault Lending Club shares dive on regulatory probe Europe’s…
Things we’re reading today include … US bankers could lose bonuses in clawback plan Lending Club given grand jury subpoena African lenders use mobile phone data Chinese bank buys secret London vault which can store $80bn of gold Failed hack via SWIFT on Vietnam bank tried to send funds to Slovenia: central bank HSBC starts…
Things we’re reading today include … ‘Nearly 1m’ over-75s living in poverty Lending Club: from disruptive outsider to traditional financier Vocalink seeks to cash in with China’s UnionPay deal Rise of the billionaire robots: how algorithms have redefined hedge funds Banks await decision on proposals to cap overdraft charges Revealed: none of Britain’s ‘unicorns’ openly…
Our main stories of this week includes … The African Mobile Revolution, Part One Last week I chaired the inaugural Dot Finance Live conference in Nairobi, Kenya. It is Africa’s premier FinTech event, drawing people from all over the countries of sub-Sahara Africa. What struck me as I listened to lots of keynotes about mobile innovation and…
Things we’re reading today include … Antonio Banderas to star in Hollywood’s first crowdfunded movie The City would have a strong hand to play post-Brexit Banks cull accounts in fight against corruption Financial messaging service SWIFT says banks responsible for own cybersecurity George Osborne says Treasury is planning for Brexit ‘Dangerous’ payday loans join…
Things we’re reading today include … FCA pledges to help fintech firms disrupt big banks ‘Difficult’ markets hurt Credit Suisse What would Donald Trump’s economic policy look like, and how does Hillary Clinton’s compare? Wall Street sees best rally for two months Rare 1933 penny sells for £72,000 RBS fast-tracks junior investment bankers Crowdfunding: the…
Things we’re reading today include … Offshore finance: more than $12tn siphoned out of emerging countries Panama Papers report alleges New Zealand prime place for rich to hide money Nationwide raises mortgage borrowing age limit to 85 Sue your bank! Why it’s better to go to court than to arbitrate in the long run Lending…
Our main stories of this week includes … 20% of Europeans would bank with Google, Facebook or Amazon I got an interesting research report this week about consumer attitudes towards banks in Europe: More than a third of European consumers would move bank if they didn’t offer up-to-date technology to aid interaction Nearly a third are…
Our main stories of this week includes … Lessons banks can learn from YouTube (and others) I need a little time to think about my reimagined financial structure, but some of the basics are already in play such as the idea of thinking about value exchange rather than monetary exchange. Value exchange is based upon the ability…
Things we’re reading today include: Turbulent markets hit Deutsche Bank profits Barclays is in need of more of a strategy Lloyds Banking Group reveals surge in buy-to-let lending RBS reports £968m quarterly loss Barclays offers PPI refunds to 10,000 RBS admits further delays in offloading Williams & Glyn This week’s Economist: If it ain’t broke, don’t…
