Things we’re reading today include … Not a beautiful day for Bono’s challenger bank (thetimes.co.uk) European fintech players are bracing for market consolidation (thenextweb.com) PayPal launches dollar-backed stablecoin, boosting shares (yahoo.com) City of London calls on Bank of England to delay bank capital rules until mid-2025 | Financial Times (ft.com) Shawbrook plots £3.5bn merger with…
Things we’re reading today include … Inside Prague’s Institute of Crypto Anarchy — where they’re plotting to bring down the dollar (cnbc.com) NatWest imposes new cash limits as latest de-banking row suggests push towards cashless society (telegraph.co.uk) Rogue Traders or Lawsuits Can Hit Banks Like Bad Debts – The Washington Post A big British lender…
This week’s main blog discussions include … Is the City going the way of the shopping mall? I’ve blogged several times that, as people move to online everything, the retail main street stores and shopping malls are dying. In a similar fashion, bank branches are closing faster than ever and becoming restaurants or coffee houses…
Things we’re reading today include … Apple spotlights global fintech ambitions with ‘Pay the Apple Way’ campaign | Marketing Dive Apple users have deposited more than $10bn in its savings product (siliconrepublic.com) Fintech giant Finastra fires dozens in second wave of layoffs | Ctech (calcalistech.com) X (Twitter) alumni and grads join fintech with in-office massages…
Things we’re reading today include … Monzo bank denied Jeremy Hunt an account as staff called Tories ‘evil’ (thetimes.co.uk) Social Media Is Rewriting the Banking Playbook – Scientific American UBS lays off Credit Suisse investment bank staff, closes Houston office -source | Reuters HSBC joins forces with Tradeshift to launch embedded finance business – FinTech…
Things we’re reading today include: Fintech demands staff spend three days in the office (efinancialcareers.com) Russian hackers crash Italian bank websites, cyber agency says | Reuters The real scandal of central bank digital currency | Financial Times (ft.com) Bank of England’s next move divides economists as data paints a mixed picture (cnbc.com) Sarah Breeden to…
Things we’re reading today include … SEC Asked Coinbase to Stop All Crypto Trading, Other Than Bitcoin (BTC), Before Suing: Report (coindesk.com) UK remains European fintech lead despite major investment slump (cityam.com) Emea fintech takes biggest hit in funding downturn (finextra.com) Vanquis Banking Group acquires Dame Gadhia’s fintech app Snoop (cityam.com) UK banks are closing…
Things we’re reading today include … Ben Bernanke to lead review into forecasting at Bank of England | Bank of England Financial Conduct Authority must be investigated over failure to tackle de-banking, chancellor told (telegraph.co.uk) Where were Nigel Farage and his defenders when Muslim bank accounts were shut down? | Miqdaad Versi | The Guardian…
This week’s main blog discussions include … Should a bank close a customer’s account because they disagree with their views? From The Times: ‘Until last summer, Nigel Farage had dealt with the same relationship manager at Coutts for years. Then Mark Pierce left for the rival private bank Arbuthnot Latham, and responsibility for the outspoken…
Things we’re reading today include … UK and Singapore Enhance Cooperation in Sustainable Finance and FinTech – GOV.UK (www.gov.uk) Coutts chief executive resigns after Nigel Farage banking row | Business News | Sky News Why Nigel Farage’s bank account matters so much – podcast | News | The Guardian NatWest Customer ‘Debanked’ for Crypto Trading…
