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…
Things we’re reading today include … Why are female leaders being overlooked for top FinTech jobs? Goldman Sachs considers sale of fintech unit GreenSky, pulling back from retail business ‘Staggering’ $300 Billion Prediction Reveals Potential Bitcoin Price Peak After Huge Crypto And Ethereum Boom Bank of America profits grow 15% despite industry crisis Science strengthened…
Things we’re reading today include: Depositors pull nearly $60bn from three US banks as Apple raises pressure Bank bailout reforms spark clash between Brussels and governments HSBC management blasted by top investor Ping An Biggest US Banks Wrote Off $3.4 Billion in Bad Consumer Loans Cash will become ‘less useable’ as high street goes contactless,…
Things we’re reading today include … Blockchains need an interoperable standard to evolve, say crypto execs JP Morgan ready for more banking turmoil as profits jump 52% Inside the world’s most exclusive bank accounts – and how to get one How Silicon Valley Bank’s Failure Could Have Spread Far and Wide Clearstream launches new bank…
This week’s main blog discussions include … Barry Banker and the Market of Doom I’ve been writing children’s stories for a while, and decided to try to apply my childish impishness to the seriousness of banking. That’s a true FinTech approach where we integrate the parent and child. So, here’s my attempt to create an exciting…
