Things we're reading today include … Infosys increases sales forecast JPMorgan Chase plans to exit prepaid card business Could Standard Chartered's reshuffle signal coming problems? RSA blames £200m hole on 'inappropriate collaboration' among Irish arm bosses 2014: The year of encryption New on PaymentsViews.com: Bitcoin in 2014 NY probes banks over early warning tips China…
Things we're reading today include: Bank inquiry: Regulator says IT systems 'antiquated' Banking rivalries: Drifting apart RBS and Barclays face new probe by US regulators Lord Burns steps down from Santander board Metro Bank to charge for overseas use Santander unveils help to buy mortgage deal JPMorgan metal futures unit included in commodities sale: sources…
This month's view from Europe, courtesy of Edith Rigler: Euro zone inflation down –Eurostat,news release 7 January 2014 Euro area annual inflation is expected to be 0.8% in December 2013, down from 0.9% in November3, according to a flash estimate4 from Eurostat, the statistical office of the European Union. EU set to drop ringfencing of big…
Things we're reading today include … Goldman Sachs' predictions for the UK in 2014 Goldman, JPMorgan and peers must rethink pay to meet EU cap JPMorgan Chase names Kristin Lemkau chief marketing officer JP Morgan raised concerns over Bernard Madoff 10 years before he was arrested JP Morgan could pay $2bn fine over failures linked…
Things we're reading today include … Regulators to investigate Co-op Bank Co-op Bank investigations are likely to reveal just plain incompetence EU bank trading plan stops short of U.S. Volcker Rule Softer European ring-fence rules could hurt UK banks Swiss central bank slumps to £6bn loss Why are the Mint countries special? China to create…
Things we're reading today include … The bank boss who likes to be different Watchdog slams Deutsche Bank for Libor probe response: report Bitcoin crosses $1,000 on Zynga move Carney wins approval of finance directors JPMorgan nears $2 billion settlement in a case tied to Madoff: NYT UK debt 'may become harder to sell' China…
Our biggest stories of the past week are … The story of the official Financial Services Club's Bear! The Financial Services Club finished the year with a party, of course. This party was at one of the ancient livery companies of London, the Wax Chandler’s Hall (what’s a wax chandler?), and dedicated to the newly…
Things we're reading today include … Eurozone ministers agree bank deal Europe welcomes 'unprecedented' banking union agreement Big funding questions remain over the EU's banking union Analysis: Europe's half-hearted bid to protect its banks Brussels chief Michel Barnier bans banker meetings Mortgage case against Deutsche Bank filed too late: NY court Citi to move NYC…
Things we're reading today include … Bitcoin crashes as China's biggest exchange blocks Yuan deposits Lloyds Bank share sale 'lost £230m' JPMorgan seeks more than $1 billion from FDIC over WaMu claims JP Morgan bans instant message chats Swedish payments firm challenges US rivals Optimism on Spanish banks grows An African tycoon who could bring…
Things we're reading today include … Bob Diamond makes triumphant return to the City with a new African banking business Co-op Bank creditors approve deal A £38bn ‘subsidy’ for Big Four hits small banks Lloyds share sale made a 'loss', says NAO George Osborne may have lost the taxpayer money on Lloyds but he is…
