Things we’re reading today include … Insurance baron Sir Peter Wood in line for giant windfall as Esure weighs £1.2bn takeover offer Citigroup shakes up consumer bank and card chief leaves Why is the Turkish lira dropping and what does it mean for the global economy? Turkish lira pulls back from record low, markets rattled…
Things we’re reading today include … Saudi-backed bank to grant $4 billion loan to Pakistan Euro tumbles as investors fear bank exposure to Turkey Bank of East Asia joins the mobile payments race as traditional lenders challenge tech firms Interest rates to stay low for at least 20 years, Bank of England economist warns Of…
The main blog headlines are … Millennials: STOP EATING AVOCADOS!!! I’ve spotted a couple of interesting discussions about millennials and money in the last week, both of which say that the views on them are wrong. Stereotyped as avocado-crunching, cappuccino drinking, needies, the general media view is that this is a generation spoilt by helicopter…
Things we’re reading today include … HSBC’s China Focus Continues To Drive Profits, But Leaves The Bank Vulnerable To Trade War Specter of Criminal Charges Raised at Australian Bank Inquiry We Wanted Safer Banks. We Got More Inequality. Goldman Sachs sued by ex-managing director who said he was whistleblower NAB issues public apology after week…
Things we’re reading today include … Facebook wants you to do banking on its Messenger app Bank by bank, here’s where the hiring and firing will happen now Is Barclays Opening Crypto Trading? Activist investor Ed Bramson steps up Barclays battle with push to influence next chairman choice Lending Club: Bob and weave Rival lenders…
Things we’re reading today include … The shotgun marriage that could revive Deutsche Bank Australian regulator to embed supervisors in banks Down the sofa?: 169 million old £1 coins not returned UniCredit cuts ties with Facebook over data breach scandal Greens want Australia’s banks broken up over ‘shocking degree of rot’ Facebook denies seeking users’…
Things we’re reading today include … Australia’s big four banks and AMP have had to pay or offer $222m to customers Barclays criticised by competition watchdog for failing again to tell customers about PPI costs Do we still want to democratise finance? Where did it all go wrong for Wonga? Facebook in talks with banks…
Things we’re reading today include … Zopa raises £44m to build ‘next generation’ bank Files ‘torn up’ during review into fall of Ukraine’s largest bank RBS sell-off may be slowed if share sale flops again, warn analysts In another financial crisis we would have far less wiggle room | Larry Elliott TSB’s bill for IT…
The main blog headlines this week are … Why we need to define: ‘challenger’ bank After my recent blog about challenger banks, I received an interesting email from David Parker challenging the idea that a start-up is actually a challenger. Chris I continually argue that Revolut is not a challenger bank – it does not today…
Things we’re reading today include … Barclays half-year profits fall 29% following settlement Firms being ‘left in the dark’ on Brexit Could a basic income replace Universal Credit? London Stock Exchange triggers plans for hard Brexit as Schwimmer takes the reins Holidaymakers’ NatWest debit cards declined New era for the economy as Bank of England…
