Things we’re reading today include … Bank Pulse: Banks are reducing their exposure to more polluting activities American banks boost EU workforces as post-Brexit scrutiny escalates Bank investors face a new ‘black box’ quandary The unstoppable rise of the challenger bank: Canary Wharf’s retail giants have reasons to be worried Challenger bank Shawbrook enters talks…
This week’s main blog discussions include … A great list of central bank thinking about digital currencies (#CBDC) Madhvi Mavadiya, Head of Content at Finextra, just posted a great list of developments in Central Bank Digital Currencies (CBDCs). She promises to keep it updated and the link is here. It covers every country from Antigua…
Things we’re reading today include: High street banks ‘losing vice-like grip on UK’s current accounts’ Zopa Bank hits £1bn deposits in just 18 months Big U.S. banks say spending patterns show consumers are in good shape Central Banks Face a Moment of Truth on Crypto ECB Climate Test Goes Easier On Bank Trading Books Than…
Things we’re reading today include … Bank-Fintech Partnerships Are Under-Performing: What’s Going Wrong? Lords warn on Bank of England digital currency Price rises may last until 2023, warns Bank of England governor Top Wall Street banks paid out $142bn in pay and benefits last year Wall Street banks eye ‘new normal’ for trading revenue after…
Things we’re reading today include … Brexit Gives €200 Billion Boost to Balance Sheets of Irish Banks Bank of America Says UK CBDC Would Be More Than a Digital Form of Cash SoFi Can Launch Bank Provided It Doesn’t Touch Crypto SoFi stock soars after clearing final regulatory hurdle to become a bank Risk of…
Things we’re reading today include … £4 million-a-year bank chief quits after breaking Covid rules with trips to Wimbledon Santander, Lloyds and TSB ‘have the most unreliable online banking’ Bank of England questioned on the nation’s financial stability Bank of England set for more powers over clearing and settlement House of Lords committee argues no…
Things we’re reading today include: CBDCs: Here’s what every central bank in the world is working on Dorsey fintech firm Block wants bitcoin mining for all Wise stock makes comeback after Citi urged clients to dump fintech Dow closes lower after disappointing bank results Credit Suisse Chairman to Leave After Breaking Covid Travel Rules JPMorgan’s…
This week’s main blog discussions include: How a bank’s IT systems allowed £100m a day of fraud NatWest, formerly Royal Bank of Scotland (RBS), is a good example of a bank with rubbish IT. This was illustrated when I spotted the headline: NatWest fined $300 million for money laundering. They didn’t do the money laundering,…
Things we’re reading today include … Britcoin is a ‘risk to stability of the banks’, say Lords Banks Are an Odd Place to Keep Your Crypto Technology Is Only One Piece of True Digital Transformation in Banking Starling Bank tops customer experience ranking as demand for digital banking booms Nordea bank picks former RBS chief…
Things we’re reading today include … Cloud giants may resist Bank of England’s resilience tests Fifth of people not visited bank branch since before pandemic – survey Tandem Bank acquires lender Oplo to hit £1.2bn assets China new bank loans hit record $3.13 trln in 2021, despite drop in December Bank of England urges banks…
