Things we're reading today include … British banks pay £12bn in penalties Citigroup seen shutting Banamex USA unit: WSJ Lloyds retail share sale confirmed UK banks launch reviews over 'corrupt' Fifa payments China opens door for Visa and MasterCard Dame Colette Bowe interview: How the economist plans to restore our trust in the banks New…
This month's main stories are … The challenges of client onboarding (or why bitcoin will be regulated) I hosted a dinner last night and the conversation was all about client onboarding and the challenge of keeping it fresh. You get the KYC info, and then the customer is onboard. But for how long? Is a…
Things we're reading today include … Unrepentant Lehman ex-CEO Fuld says firm 'was not bankrupt' U.S. reaches deals with four more banks under Swiss program Libor trial: Brokers asked for lager or Dom Perignon in exchange for rigging Libor for trader, court hears Citigroup CEO defends credit card deal with Costco Finally, banks are lending…
Things we're reading today include … Forex start-up Kantox wins business from disgraced banks Banker accused of rigging markets boasted to traders: 'Libor is high because I have kept it high' Banks face fresh wave of PPI compensation claims after landmark ruling Legal ruling could pave way for new wave of PPI claims JPMorgan CEO…
Things we're reading today include … Keydata founder hits back after £75m fine over 'death bonds' FCA seeks £80m 'death bond' fines If you want to clean up the City fine individuals rather than institutions Tom Hayes Libor trial: 'Thoroughly dishonest' trader who rigged interbank lending rates was driven by 'greed', court hears Fed's Lacker…
Things we're reading today include … Banks' profits recover, but they are paying less in corporation tax Profit at Vatican bank soars 20 times as it moves away from scandals of the past VIDEO: What's the future of high street banks? The world is drowning in debt, warns Goldman Sachs Regulation should be main tool…
Things we're reading today include … Surprise! People don't actually hate their banks after all High street banks must go the same way as shipyards VIDEO: Bank fine has worldwide implications Monte Paschi signs underwriting agreement with banks for cash call JP Morgan investors told they can't sue bank over $6bn London Whale loss HSBC…
Things we're reading today include … 'Flash crash' trader loses bail appeal The man who cross-stitched his own bank card Deutsche Bank faces stormy annual meeting as investors attack board Lawsky quits DFS to set up his own firm Global banks admit guilt in forex probe, fined nearly $6 billion Q&A: Why are the banks…
Things we're reading today include … Bankers are still breaking the rules to get ahead. Here's the proof JPMorgan executive pay wins slim support from shareholders Swedish banks fined over lax controls PPI still dominating the complaints against Britain's banks PayPal pays $25m to settle credit claims Bitcoin's baby offers new revolution Metro Bank strikes…
Things we're reading today include … Financial sector bosses warn of dangers in new regulations Hacking onslaught tests banks’ defences China-backed AIIB founding members to meet in Singapore this week 'Pay bankers like civil servants' Show remorse and bank bashing will slow Deutsche Bank considers UK exit plan Wonga pitches for middle England with new…
