Things we're reading today include … Analysis: Bitcoin startups lure quant whizzes from Wall Street RBS builds $3bn safety buffer by issuing 'coco' bonds Barclays chairman John McFarlane bans flip-flops and jeans at head office Bank of England signals no interest rate rise until 2016 Sexism in the City: Why is banking stuck in 1985?…
Things we're reading today include … Standard Charter faces calls to quit 'carbon bomb' mine High street banks 'making millions' by confusing customers out of switching current accounts Lending Club: still growing Are we ready to forgive the bankers? JPMorgan to move 2,150 jobs to New Jersey from New York: WSJ Last Madoff fraud defendant…
Things we're reading today include … HSBC promotes rising star Antonio Simoes to Europe chief Challenger banks raid rival lenders for top staff Cleaning up the financial markets Chancellor sells stake in RBS at a loss of £1.1bn City of London employers are failing disabled workers, says Lord Mayor How will HSBC’s Stuart Gulliver fare…
Things we're reading today include … HSBC beats forecasts as Hong Kong drives 10 percent rise in first-half profit HSBC selling unprofitable Brazil unit to Bradesco for $5.2 billion HSBC profits up 10% driven by growth in China We have given the keys of the global banking business to the Americans, says John Hourican Greek…
Our main stories this week include … Fintech attacks whilst bank CxO's snooze Since asking a while ago who will be the Uber of banking, I’m fed up with everyone talking about the Uber of banking. For example, two headlines caught my eye this morning: Visa Invests in Stripe to Prep for the 'Uberization' of Retail; and Will…
Things we're reading today include … Barclays profits climb as investment bank makes surprise lurch to health Prove you understand your risks or hold more capital, banks told Funding Circle set to float fund Libor-style scandals could happen again as banks are failing to reform, says FCA The HSBC fiasco might be a cautionary tale…
Things we're reading today include … Contactless cards replace cash as shoppers flash the plastic Restructure banks to help wider society, says BoE chief economist Cyber insecurity: When 95% isn’t good enough Going for Gold(man): UK bank analyst pay tops out at 71,000 pounds Challenger banks are forcing the big boys to cut mortgage prices,…
Things we're reading today include … Norwegian court orders bank to cover man's £23k lap-dance and drinks bill Why did HSBC shut down bank accounts? Barclays 'may have to raise £5bn to keep up with rivals' Libor trial: Jury considers verdict on Tom Hayes Greek PM Tsipras under pressure over covert Syriza drachma plan reports…
Things we're reading today include … Greece rocked by reports of secret plan to raid banks for drachma return Debt conundrum to keep Greek banks in months-long freeze UBS reports 53% jump in net profit Former bank boss under house arrest How safe is peer-to-peer lending? Small Talk: Equity crowdfunding has seen big success but…
This week's main stories are … Have banks made a fatal mistake with Apple Pay? In the good old days, if something was big and challenging, banks would get together and create a co-operative to solve the problem. SWIFT, Visa and MasterCard were all bank created co-operatives. Admittedly, times have changed, but how come they…
