Things we're reading today include … FTSE 100 loses £104 billion in value in one day as China stock slide prompts global selloff China censoring Black Monday on country’s biggest search engine, Baidu, stopping citizens looking for information about financial chaos China's Black Monday explained: What is it – and how will it affect you?…
Things we're reading today include … Deutsche Bank mulls the potential of blockchain and the problem of legacy systems Singapore bank gets name wrong on special note packs Bank litigation costs hit $260bn — with $65bn more to come Banks in new drive to make customers switch World's richest billionaires lose $182 billion in one…
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…
