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…
Things we're reading today include … Contactless cards replace cash as shoppers flash the plastic Restructure banks to help wider society, says BoE chief economist Cyber insecurity: When 95% isn’t good enough Going for Gold(man): UK bank analyst pay tops out at 71,000 pounds Challenger banks are forcing the big boys to cut mortgage prices,…
Things we're reading today include … Norwegian court orders bank to cover man's £23k lap-dance and drinks bill Why did HSBC shut down bank accounts? Barclays 'may have to raise £5bn to keep up with rivals' Libor trial: Jury considers verdict on Tom Hayes Greek PM Tsipras under pressure over covert Syriza drachma plan reports…
Things we're reading today include … Greece rocked by reports of secret plan to raid banks for drachma return Debt conundrum to keep Greek banks in months-long freeze UBS reports 53% jump in net profit Former bank boss under house arrest How safe is peer-to-peer lending? Small Talk: Equity crowdfunding has seen big success but…
This week's main stories are … Have banks made a fatal mistake with Apple Pay? In the good old days, if something was big and challenging, banks would get together and create a co-operative to solve the problem. SWIFT, Visa and MasterCard were all bank created co-operatives. Admittedly, times have changed, but how come they…
Things we're reading today include … Contactless payment cards 'put millions at risk of fraud' Maxwellisation must not stop the HBOS report from being published Martin Wheatley still has 'unfinished business' at financial regulator FCA Financial Times offloaded to Japan’s Nikkei for £844m Lawsuit accuses 22 banks of manipulating U.S. Treasury auctions Visa adds to…
Things we're reading today include … Lloyds shareholders launch £350m HBOS lawsuit The biggest companies in the world in 2015 Under 40s 'cut out of owning homes' Bankers should stop worrying about being liked – they never will be RBS 'to launch new probe into treatment of small businesses' Bank of America replaces CFO in…
