Things we’re reading today include … First Republic: JP Morgan to take over major US bank ‘Robin Hood’ hacker steals rich Russian crypto funds, gives to poor Ukraine Eurosystem to explore new technologies for wholesale central bank money settlement Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals ‘They’re Printing…
This week’s main blog discussions include … Why digital transformation fails I got a nudge that my good friend Jim Marous had just published a new report, sponsored by Qorus and Infosys Finacle. 💯 Jim Marous states that: “innovation is important in banking because it drives growth, allows organisations to stay competitive, and helps solve complex…
Things we’re reading today include … Deutsche Bank says it was hit by a ‘speculative attack’ during turmoil Nationwide, Barclays, HSBC, Santander: Best and worst banks based on switches this year Bank of England: ‘Accept’ you are poorer remark sparks backlash Korean fintech Kakao Pay to acquire majority stake in US brokerage firm Siebert Coinbase…
Things we’re reading today include … Using crypto for crime is not a bug — it’s an industry feature Bank of England: ‘Accept’ you are poorer remark sparks backlash First Republic bank races to secure rescue deal after fresh plunge in shares Former Virgin Money exec Rochford to chair digital bank Atom Revolut’s valuation troubles…
Things we’re reading today include … First Republic Bank shares fall 50% after reporting dramatic slump in deposits Don’t think the rescues of SVB and Credit Suisse mean the worst is over UBS set for biggest banking profit once Credit Suisse deal closes Fed to publish review of Silicon Valley Bank supervision April 28 European…
Things we’re reading today include … 10 years of fintech failure: 3 more ideas that failed to live up to the initial hype The Fintech Funding Crunch In 4 Charts First Republic Bank deposits tumble more than $100 billion as it explores options Depositors pulled $75 billion from Credit Suisse as it veered toward collapse…
Things we’re reading today include … Bitcoin And Crypto Now Braced For A ‘Parabolic’ Price Move As Ethereum Institutional Interest ‘Explodes’ Banks don’t want to develop fintech in-house Revolut dealt $15bn writedown blow by Schroders Why America will soon see a wave of bank mergers Will Apple take a big bite out of the banks?…
This week’s main blog discussions include … Money isn’t everything, but it sure beats whatever’s in second place I spotted a comment the other day that no matter how rich you are, you can never be satisfied. That’s humanity for you. It led to asking the question: why do multimillionaires still bother working? The answer…
Things we’re reading today include … There was just one fintech unicorn minted in the first quarter Rakuten Bank shares surge in Japan’s biggest IPO since 2018 Short-sellers sit on $1 billion loss on European banks in April Wake up to the dangers of digital bank runs British banks to give first financial updates since…
Things we’re reading today include … Warren Buffett Will Bet You $1M That No One in the US Will Lose ‘A Penny of Money’ to a Bank Failure This Year Taylor Swift pulled out of a $100 million sponsorship deal with Sam Bankman-Fried and his crypto exchange, FTX As Fears of Banking Crisis Surged, Members…
