This week's main stories are … Question: change the bank or launch a new bank? So I was talking about the big challenges of creating a Digital Bank, and am reminded of the approaches that banks take to do this. The first is the hardest, and it’s the one I described last week: transformation. Banks as…
Things we're reading today include: UBS rogue trader Kweku Adoboli released from prison RBS shareholders have expressed fury at bank chief Sir Philip Hampton's 'terrible legacy' U.S. SEC and JPMorgan in talks to settle probe regarding product steering: WSJ Exclusive: JPMorgan executive chosen to rebuild transaction-policing unit leaves Guess what delaying banker bonuses means. Yep,…
Things we're reading today include … RBS pledges return to normality by 2019 – 11 years after its £45bn taxpayer bail-out RBS chief Sir Philip Hampton is leaving 'terrible legacy' after six years at helm U.S. firms fear financing drought as deadline looms for trade bank Australia to join China-led bank 'Business as usual' for…
Things we're reading today include … Tech glitch forces internet-only bank Atom to seek deal with high street lender Victor Blanked: How bank boss was made crisis scapegoat when the shares in Lloyds turned toxic ‘Hi, your bank here. Need cheap suncream?’ Welcome to the future of mobile apps RBS chairman warns on ringfencing rules…
This week's main stories are … The Digital Bank Debate Continues I mentioned a few weeks ago that we had a great twitter debate between Brett King and Michal Panowicz, with others joining like Jim Marous and myself. The debate continues, as there were too many reports coming out at the weekend signalling the death…
Things we're reading today include … Fears grow over Greek banks' health Another Greek tragedy Greek debt crisis: The picture that shows the pain of the nation falling apart Desperate Greeks turn to Vladimir Putin for help as country teeters on edge of bankrupcy Russia faces $100bn corporate debt mountain Guernsey outraged by its inclusion…
Things we're reading today include … Is Britain really the new land of unicorns? (That's start-ups with $1bn-plus valuations) Mark Carney failed to consult Bank of England experts over RBS 'Missing' NatWest payments won't be recovered until Saturday NatWest's latest glitch is a perfect metaphor of problems facing UK banks Goldman Sachs introduces curfews for…
Things we're reading today include … Lloyds' boss to support bank ring-fence We should seek EU-wide tax rules on multinationals Nearly £4bn in loans returned to taxpayer from UK's 'bad banks' If Greece can wreck it, how strong was euro in the first place? JPMorgan wins dismissal of shareholder lawsuit over London Whale UK loses…
Things we're reading today include … Bank branch use falls 6% as customers embrace digital advances Mobile banking has eclipsed branches and even the rest of the internet The hi-tech future of banking, coming to an app near you soon A Bank CEO Said Elizabeth Warren Doesn’t Understand Wall Street. Her Response Was Perfect. Big…
This week's main stories are … Banks question Fintech disruption … and ask the wrong question I recently attended a conference in America, where the audience of mainly bankers could post questions to the speaker. During the digital bank discussion, here are the questions that came in and, purely because they are fairly common in…
