Things we're reading today include … US authorities break up 'insider trading ring' that used Ukrainian hackers South Korea moves towards first online-only bank Commonwealth Bank announces record $9bn profit, seeks to raise $5bn in capital Carney tells Osborne: Bank of England may need more power to go after risk takers Co-op Bank escapes regulatory…
Things we're reading today include … Taiwan bank trials face-recognition ATM Warren Raises Alarm Over Encrypted Bank Messaging System UK’s oldest private bank C. Hoare & Co finally goes digital Japanese bank Nomura just wiped out a load of traders Co-op set to escape misconduct fines from regulators Clydesdale pushes on with float despite more…
Things we're reading today include … Small Talk: Financial technology can rejuvenate Britain – and be a force for good The lessons from Quindell, or how investors can save millions and sleep safely Swiss banks step up battle for Asia's super-rich P2P ‘land grab’ draws more than 100 startups City fraud cases fall as cutbacks hamper…
Our main stories this week include … A new debate: should Germany leave the Eurozone? I haven’t blogged much about Europe or other things other than Fintech lately. I guess because Fintech is taking up so much of my time and discussions, but the Greek crisis has not gone unnoticed in the news headlines or…
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…
