Things we're reading today include … Metro Bank plots £1bn London float next year Wonga set to post loss amid clampdown on payday lenders Britain's bank tax jump threatens to push HSBC, StanChart to new home Some banks tried to renege on deals after SNB's policy U-turn: Bloomberg How Santander's affordability tests are forcing rates…
Our biggest stories of the past week are … What keeps Jamie Dimon awake at night? (clue: Fintech) I’ve written a lot about incumbents versus startups lately and noted with interest that Jamie Dimon’s annual letter to JPMorgan shareholders picks up on this theme (not as a direct result I’m sure?). He talks about “hundreds of startups…
Things we're reading today include … Search at Spain ex-IMF chief's home Death of cashback: which credit card perks will be kept? ECB gave no deadline for Monte Paschi to find buyer: CEO TSB pilots buy-to-let mortgages as boom continues despite housing crisis British Government will still be in debt by end of decade, warns…
Things we're reading today include … If a bank seems too big to fine the fine needs to be bigger Barclays discovers the value of its depositors Global financial risks 'have risen' ECB conference interrupted after protester attacks Draghi Two billion adults 'still unbanked' BNY Mellon fined £126m for mixing its own funds with those…
Things we're reading today include … Wilbur Ross sells down Virgin Money stake Clydesdale Bank fined £21m after doctoring PPI evidence Stop bashing bankers? Not just yet, thanks to Clydesdale JP Morgan's profits boosted by market volatility JPMorgan hits record as outlook brightens Target nears $20 million MasterCard data breach settlement: WSJ Lending Club strikes…
Things we're reading today include … In Odd European Twist, Banks Owe Borrowers Ricci perfumes heiress found guilty in HSBC tax fraud case Analysts rap Labour's contradictory banking policies Taiwan rejected from Asia bank Greece casts shadow as ECB money printing buoys euro zone Meet the City workers who moonlight as rock stars Deutsche Bank…
Things we're reading today include … Junior trader made to eat 8 burgers in humiliating City initiation ceremony Scrapping non-dom tax status would hit bank chiefs A new catalyst for positive change across the banking industry Julius Baer CEO says has not held deal talks with Credit Suisse: paper Which country has the least sexist…
Our biggest stories of the past week are … The reports of my bank's death are greatly exaggerated There are a number of debates that pop-up regularly including the war on cash, the end of the branch and the death of banking. The last one I haven’t blogged about much because it’s irrelevant, but I’ll…
Things we're reading today include … Deutsche Bank Said Near $1.5 Billion Settlement on Libor Atom Bank raising £75m before launch Fraudsters hide behind fake invoices Prosper’s valuation boosted to $1.9bn Diminished hopes How secure are new payment technologies? HSBC under French criminal investigation over Swiss tax evasion French give us a lesson in getting…
Things we're reading today include … Gangsters flood Italian banks with €500 notes known as 'Bin Ladens' because they are notorious, but rarely sighted Pawn to cushion payday lenders from regulatory blow New City Index boss attacks lax checks on 'Kermit' customers Argentina sues Citibank over deal with holdout creditors Co-operative Group returns to profit…
