This week’s main blog discussions included … The FinTech Bloodbath Back in January, I called 2022 the Big Regression for FinTech. Ten months later, sure enough, it is. Daily headlines about losses and layoffs are gathering non-stop, and storm clouds are gathering fast to demand market change through consolidation and merger. FinTech London’s double bloodbath…
Things we’re reading today include … Why traditional bankers make terrible fintech CEOs UK is now the largest crypto economy in Europe UK’s Lloyds ditches project finance for new oil and gas fields Russians withdrew $7.5 bln in Sept as they left the country Mobile bank N26 launches cryptocurrency trading with Bitpanda partnership Will Europe…
Things we’re reading today include … Bank shares slide amid speculation of ‘ludicrous’ windfall taxes Bank of England and City square off over new government powers Here’s what the Wells Fargo cross-selling scandal means for the bank’s growth Crypto has ‘serious deficiencies in governance’, warns Bank of England official JPMorgan-backed digital bank C6 to open…
Things we’re reading today include … Rarely-humbled Goldman Sachs concedes missteps in plan to take on megabanks in retail finance Jeremy Hunt lines up raid on bank profits to help fill £40bn UK fiscal hole Bank on it: how financial digital ID can boost security and inclusion Brazil’s Surprising Fintech Tailwind Watchdog bans HSBC ads…
Things we’re reading today include … If you think Bitcoin Spews Carbon, Wait Till You Hear About…Banking Coinbase Hires Former Solarisbank Chief Operating Officer Daniel Seifert to Lead EMEA Region Credit Suisse Woes Show Europe’s Banking Dilemma, BlackRock Says China is facing a full-blown debt crisis with $8 trillion at risk as Xi Jinping eyes…
Things we’re reading today include … Knocked down during lockdown: the return of cash Revolut blames Brexit as it shifts one million trading customers from London to Lithuania Goldman Plans Sweeping Reorganization, Combining Investment Banking and Trading Processing hold-ups at US custody bank exacerbated UK pension sell-off The Bank of England is selling off its…
Things we’re reading today include … US banking giant JP Morgan Chase cuts ties with Kanye West Europe’s Fintech Boom Is Rapidly Running Out Of Steam Crypto Stocks Plunge as Bitcoin Slides to $18.1K on Inflation Data The Bank of England is selling off its most valuable asset: the perception of competence Orange tries to…
Things we’re reading today include: Cliff edge looms for UK’s financial system UK Market Is So Bad That a Bank Is Willing to Pay to Avoid It Mervyn King: “The Bank of England made a terrible mistake” Australian banks hit with payment transfer outage as RBA blames technical error French bank BNP Paribas acquires London…
Things we’re reading today include … Bank of England in fresh emergency move to calm markets Deutsche Bank wants to outrank European rivals in dealmaking push Machine learning in UK financial services German online bank N26’s losses widen in 2021 as customer growth slows How digital bank Chase reached 1 million customers within a year…
Things we’re reading today include … US is headed for a recession, says head of JP Morgan Chase bank: ‘This is serious’ Are central banks going bankrupt? Economists win Nobel prize for showing why banks fail https://www.nature.com/articles/d41586-022-03235-0 Cash use rises amid bank closures and cost of living crisis, says Post Office How a New Anti-Woke…
