Things we’re reading today include … We need to talk about Metro Bank’s weird balance sheet Lloyds ‘facing extra £2bn PPI bill’ Clydesdale Bank on home stretch for flotation as Australian courts give green light Payday lenders and credit firms to pay for ‘illegal money’ enforcement teams Almost one million investors lose £5.3bn in massive…
Things we’re reading today include … Banks must seize ‘once in a lifetime chance’ to serve real economy MPs to debate whether Financial Conduct Authority is up to job of regulating City HSBC to freeze salaries, hiring in 2016 in battle to cut costs: sources Financial sector bonuses fall, survey shows China tightens money market…
Our main stories of this week includes … Who wants to be a (Fintech) Unicorn? For the past year, there’s been lots of talk about Fintech Unicorns – start-up companies with over a billion dollar valuation launched since 2000. Jim Bruene at Finovate – register for Finovate Europe with 20% discount using FSClub20 – wrote about so…
Things we’re reading today include … TransferWise losses widen sixfold after massive growth push Investment banking plagues Deutsche Bank City watchdogs open probe into HBOS directors Sixth man in Libor trial acquitted Bank of Japan adopts negative interest rates – video Fed owns up to global risks in statement shift TSB profits fall as it…
Things we’re reading today include … New FCA boss Andrew Bailey warns City asset managers on transparency RBS to make loss for 2015 after £2.5bn charges for PPI, toxic loans and writedowns RBS sets aside billions in provisions, legal bills and pension costs – business live RBS takes near-£7bn hit as chief executive announces bank…
Things we’re reading today include … RBS announces major bank ‘clean-up’ Andrew Bailey: three decades at the regulatory coal face Contactless cards now used for one in seven sales Mega payment ’caused HSBC fault’ AIG to return $25bn after activist siege Criticism surrounds appointments to fuel poverty watchdog JP Morgan pays $1.42bn in Lehman claim…
Things we’re reading today include … How human traders will beat the machines Bonuses: bad for bankers, worse for banks One in five home cover claims rejected Brexit ‘would trigger economic and financial shock’ for UK Interest rate mis-selling under the spotlight in judicial review JPMorgan to pay $1.42 billion cash to settle most Lehman…
Things we’re reading today include … Mojo mentors: how Wall Street coaches help traders stay calm and make money Europe’s big banks remain wary of doing business with Iran Enough is enough: Banks told to stop payments systems crashing VIDEO: DiCaprio to Gates: Davos highlights Ex-Ofcom boss says no to being new chief of City…
Our main stories of this week includes … Banking becomes a series of components … and loses $1 trillion Some technology trends are highly predictable. One such trend is the modularization of banking, a theme picked up in a new Oliver Wyman report that’s free to coincide with Davos. You can download the report here, but…
Things we’re reading today include … In The City: Big banks are getting ready to fight back against the challengers Italian prime minister tries to buoy shares in Italy’s banks JP Morgan’s threat to leave if UK quits EU may bolster support for Brexit JPMorgan raises Dimon’s pay 35 percent, but adds strings Top bankers:…
