Things we're reading today include … Flash crash explainer: how 'the Hound of Hounslow' could have caused one of the scariest days in stock market history Funding Circle raises $150m in new round Bitcoin Island: the currency comes clean Switzerland 'world's happiest place' We are becoming immune to the banks' disgraceful behaviour Deutsche Bank tops…
Things we're reading today include … UK speed trader arrested over role in 2010 'flash crash' Flash Crash trader Navinder Singh Sarao 'a prankster who always got away with it', friends say 'Flash crash' trader's alleged fraud a common market occurrence British Flash Crash trader says arrest came as 'bolt from the blue' as he…
Things we're reading today include … British man held over £500bn Wall Street 'flash crash' US seeks to extradite British trader blamed for flash crash that ravaged US equity markets What happened during the Flash Crash? Payday lender Wonga tries damage limitation What will Wonga do next? Will Wonga and other payday lenders survive? Female…
Things we're reading today include … The biggest US-EU free trade agreement in history is advancing – in secret Bank regulators fail to spot hidden dangers Volcker calls for U.S. financial regulation shakeup Vast majority of City would vote for UK to stay in EU Small firms to seize £2bn in non-bank lending Hidden bank…
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…
