Things we’re reading today include … Record rate-profits sees EU banks give shareholders €120bn (euobserver.com) Bank of England builds ‘proactive case’ to regulate non-banks | Reuters Why economists are warning of another US banking crisis (theconversation.com) Will Central Bank Digital Currencies (CBDCs) Impact Cross-Border Payments in 2024? | The Fintech Times Bitcoin mystery deepens as…
Things we’re reading today include … Why Sequoia’s Klarna board drama made the VC world wince – PitchBook Revolut still waiting for UK banking licence almost a year after claiming approval was ‘imminent’ | This is Money The crypto token for Sam Altman’s eyeball-scanning startup Worldcoin just hit an all-time high as WLD rides the…
Things we’re reading today include: Big Four banks post record £44bn profits from interest rate hikes (cityam.com) European Central Bank posts first annual loss in decades (cnbc.com) The European Central Bank Is Either Lying About Bitcoin or Lying to Itself (coindesk.com) Even the Bank of England is giving in to the banks – POLITICO A…
Things we’re reading today include … 15 of the strangest fintech interview questions from Stripe, Revolut and more (efinancialcareers.com) Bombed-out bank shares are a failure of modern capitalism | The Spectator British banks want Big Tech to pay up when people are scammed online – POLITICO HSBC shares fall most since 2020 after profits plummet…
Things we’re reading today include … HSBC: Bank’s pre-tax profits soar fuelled by high interest rates – BBC News HSBC’s Profit Sinks on $3 Billion Impairment on Chinese Bank – Bloomberg Barclays chief CS Venkat: ‘We are creating a simpler, better bank’ (cityam.com) Barclays’ £2bn cost-cutting program will hit people in the investment bank hardest…
Things we’re reading today include … Capital One Is Buying Discover Financial – WSJ Rothschild Family: Two Banks Fighting Over Clients, Power And Family Name (bloomberg.com) Bank of England is crushing economy, says former chief economist Andy Haldane | This is Money Brazilian FinTech Stark Bank Tripled Payments Processed in 2023 (pymnts.com) China, Crypto and…
Things we’re reading today include … PayPal Ventures’ first AI investment, a credit-based dating app and Robinhood’s good week | TechCrunch ‘I’m still proud of what we created’: Metro Bank’s 14-year rollercoaster ride | Metro Bank | The Guardian The Man Who Tamed the World’s Most Troubled Bank – WSJ Meet the Aussie bank boss…
This week’s main blog discussions include … How old banks are responding to challenger banks (research report) I got an interesting research report from Economist Impact the other day, commissioned by Temenos. Usually I ignore such emails and updates, but this one was interesting as it’s focused upon how traditional financial providers are competing with…
Things we’re reading today include … JPMorgan sued by chief executive of fintech it co-owns (ft.com) At least six Australian banks hit by network outages including Ubank and Bank Australia | Banking | The Guardian European banks are challenging the challengers (finextra.com) Stolen Face ID scans used to break into bank accounts • The Register…
