Things we’re reading today include … Shares in US banks drop amid crisis in confidence US banks are failing, and the authorities seem unlikely to intervene HSBC faces shareholder vote on splitting bank Crypto Exchange Coinbase Posts Loss, but Beats Expectations It’s a challenging time for challenger bank Virgin Money UK Currencycloud’s Richard Arundel talks…
Things we’re reading today include … Three failed US banks had one thing in common: KPMG Credit Suisse: Asia investors sue Switzerland over bank collapse PacWest regional bank shares plunge 50% Ex-Mastercard CEO Ajay Banga confirmed as World Bank leader [more detail on The Finanser] Bank of England sets out new plans to regulate crypto…
Things we’re reading today include … Fintech to become $1.5 trillion industry by 2030 Half of America’s banks are potentially insolvent – this is how a credit crunch begins HSBC rules out banking crisis as profits triple after Silicon Valley Bank deal Two out of five over-65s are uncomfortable with online banking The Goldman MD…
Things we’re reading today include … First Republic: JP Morgan snaps up major US bank First Republic collapse sparks regional bank shares sell-off White House banking headache won’t end with First Republic deal It’s time to worry about a US default. For real this time Singapore’s DBS bank posts record Q1 profit, beating estimates What…
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to explore new technologies for wholesale central bank money settlement Fintech giants Klarna and Block slam ‘outdated’ UK buy now, pay later regulation proposals ‘They’re Printing…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…
