Things we're reading today include … Police question London traders at Tradition over ‘wild parties and gifts’ Cuddly puppets axed as Wonga attempts big clean-up Trading in Barclays' dark pool slumps after lawsuit China banks suspend controversial yuan remittance scheme: WSJ Global fund managers face multi-asset skills shortage Latest banking scandal costs Citigroup $7bn Citi…
Our biggest stories of the past week are … Q: Why are banks organised in product silos? A: McKinsey I often hear the lament from bankers that their business is designed around products, rather than customers. Why is this? According to an article I stumbled across recently, it’s all McKinsey’s fault. How bank twitter #fails…
Things we're reading today include … Portugal banking crisis sends tremors through Europe Markets hit by Portuguese bank fears Bank of England could step in if banks underestimate risky loans China looking into Bank of China money laundering allegations: Xinhua Insider trading has plummeted since the financial crisis. Here's why Bitcoin investment fund approved FCA…
Things we're reading today include … Brazil vs Germany World Cup 2014: How top economists got their predictions completely wrong Peer-to-peer lender wins landmark rating FCA sets sights on high-frequency traders Watchdog investigates ‘Flash Boy’ traders over rip-off concerns Vatican restructures scandal-hit bank, vows transparency Scandal-hit Vatican bank turns to French financier for redemption Experts…
Things we're reading today inlcude … Short sellers circle Monitise amid profit warning Monitise downgrades forecasts for second time this year Vatican Bank profits tumble after accounts clean-up Vatican bank chief to step down Citigroup may pay $7 billion to resolve U.S. mortgage probes: source Temasek hurt by China shadow banking woes Commerzbank and Deutsche…
Things we're reading today include … Brits embrace digital banking Banks could lose monopoly on gold fix Thorough reform of gold fix needed, says World Gold Council Don't waste time fixing gold fix, it's obsolete Pope cuts Vatican bank down to size Vatican Bank faces dramatic downsizing Vatican bank to be scaled back, restructured: sources…
Things we're reading today include … RBS to challenge payday lenders HSBC pulls out of Libya with office closure Rake turns down top job at Barclays Goldman hones focus on Europe’s rich Banks under the thumb of America, the global cop Italian minister delays goal of repaying commercial debts Central banks ending era of clear…
Our biggest stories of the past week are … The time is ripe to change the banking system I was surprised the other day when Financial News named me as one of the top 40 most influential innovators in financial technology, alongside friends including Sean Park, Matteo Rizzi and Nektarios Liolios. It is gratifying to get recognition,…
Things we're reading today include … Goldman Sachs lawsuit: Wall Street giant is a 'boys club where drinking, strip clubs and sexism tolerated' Goldman Sachs wins court order to make Google delete 'confidential' email sent in error Obama: more reforms needed to wring risk from banks – report President Obama: We have 'unfinished business' curbing…
Things worth reading today include … Goldman says Google has blocked email with leaked client data JPMorgan's Dimon plans to use vacation for cancer treatment FCA: 'No evidence' of gold price rigging California appeals court backs brokers in $5 million Morgan Stanley ruling Exclusive: SEC official dissented on BNP Paribas waiver UBS chief currency strategist…
