Things we're reading today include … Why Atom Bank chose to start a banking revolution from Durham Credit Suisse says swings to second-quarter net loss on U.S. tax settlement Credit Suisse posts quarterly loss Credit Suisse quits commodities trading and trims investment bank Bank of England oversight body gets three new directors Business Banking Hedge…
Things we're reading today include … More corrupt than ever: Julius Baer CEO sees 'fair and equitable' solution to U.S. probe Citi’s Banamex, regulator clash over who played key role in loan fraud Nationwide computer glitch 'over' Serious Fraud Office to launch criminal probe into forex rigging Trading firms raised early concerns about Barclays' dark…
Our biggest stories of the past week are … The Top 1000 Banks in the World 2014 Each year, The Banker magazine (to which I contribute a monthly column) publishes their list of the Top 1000 banks. It's a great research resource that I've been tracking since 1994, when half the banks in the top 10 were Japanese….
Things we're reading today include … JPMorgan's CEO gets $36 million of options delayed due to London Whale loss UK banks face break-up threat as watchdog plans competition probe UK banks face full-blown CMA competition probe Banks to face full competition probe RBS chief: 'Good chance' of taxpayer making money back RBS eyes sale of…
Things we're reading today include … Funding Circle appoints Wall Street heavyweight Robert K Steel Barclays Wealth loses head of investments UBS cements lead as largest private bank, assets near $2 trillion: study PayPal fuels higher eBay revenue even as cyber attack, rivals weigh Bank of America profits drop 43% Citigroup's $7bn settlement: who actually…
Things we're reading today include … Payday loan crackdown will hurt the most vulnerable Payday loans: Five hidden costs of capping charges Capping payday loan rates is not the answer Banks look to replace payday lenders Lloyds nears deal with regulators on Libor fines Goldman Sachs and JP Morgan's contrasting fortunes show the changing face…
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…
