Things we’re reading today include … Australian bank collapses with thousands of customers told to withdraw funds IMMEDIATELY before it closes all accounts on Tuesday Pensioner disappointed after 3 local bank branches close – ‘No one to actually speak to!’ ECB to discuss blocking banks from multibillion-euro windfall as rates rise How banks can protect…
This week’s main blog discussions included … The neobank era is just beginning Good friend Ron Shevlin sparked off a great debate about neobanks with his snarky column on Forbes the other day. His basic argument is that neobanks are over. A few choice passages: The 10 leading neobanks in the US grew by a little more than…
Things we’re reading today include … Deutsche Bank Sees Bitcoin Returning to $28,000 by Year-End Crypto Loves Its Shadow Banks Volt, Australia’s first online-only bank, shuts down due to fund-raising woes Investment bank fees fall by $24bn as deal boom loses steam Scams up 40 per cent, but don’t expect your bank to bail you…
Things we’re reading today include… Goldman Sachs reportedly warns of $1.2B loss from consumer banking unit WorldRemit becomes latest fintech to slash jobs as outlook darkens Fintech Amount, which was valued at $1B last year, lays off 18% of staff Europe’s banks are priced for economic Armageddon One way to make a huge difference: the…
Things we’re reading today include … A $2 Trillion Free-Fall Rattles Crypto to the Core What will the Bank of the Metaverse look like? Raisin Bank acquires payments division from Bankhaus August Lenz Inside the Bank’s battle to save Britain from a plunging pound Credit Suisse found guilty in cocaine cash laundering case ‘I sent…
Things we’re reading today include … Prince Charles took ‘bags stuffed with money’ from Qatari Sheikh After a golden decade, fintech faces its first true test The pain of KYC in fintech Central banks must act decisively as stagflation risks loom Trillion-dollar crypto collapse sparks flurry of US lawsuits – who’s to blame? Saudi Arabia…
Things we’re reading today include … Xi Jinping himself weighs in on how Big Tech should deploy FinTech After a golden decade, fintech faces its first true test London fintech SumUp raises £507m at a £6.8bn valuation Crypto industry fears EU crackdown on NFTs Cristiano Ronaldo signs NFT deal with crypto exchange Binance Boris Johnson…
Things we’re reading today include … Cryptocurrency fallout delivers sharp kick to decentralised finance dreams Once-Dull Crypto Strategies Are Now Shining in the Bear Market Crypto giant Tether targets UK investors with sterling ‘stablecoin’ Crypto Crash Survivors Could Become Tomorrow’s Amazons, BOE Says Bank of England warns 460 million bank notes will no longer be…
Things we’re reading today include … Crypto fears now materialising, central bank body BIS says The fintech funding market is not dead The Myth of the Central Bank ‘Soft Landing’ When Customers Say Their Money Was Stolen on Zelle, Banks Often Refuse to Pay Info on 1.5m people stolen from US bank in cyberattack Kazakhstan…
