Things we’re reading today include … Goldman warns of Brexit restructuring Stop backing risky crowdfunding, MPs tell the government Bank of England unveils four-pronged stimulus package in bid to avoid Brexit recession US banks step up credit card push RSA profits jump as sterling’s Brexit slide boosts foreign earnings Banks offered cheap cash to boost…
Things we’re reading today include … Don’t Let Bank Regulators Create Another Japan The City of London is going to lose business from Brexit, say fund managers Banks turning to voice recognition First TV interview with £1.4bn loss trader RBS and Barclays hit by poor stress test showing UK claims global victory with first masala…
Friend of the Financial Services Club and journalist with Financial News Anna Irrera has recently started producing a weekly roundup of FinTech news. She’s kindly agreed to let me republish this summary here on The Finanser, so here goes: A good roundup of startups bringing AI to fintech… From Algorithmic Trading To Personal Finance Bots: 41 Startups…
Things we’re reading today include … Poverty costs UK £78bn a year, Joseph Rowntree Foundation says Oaknorth Bank set to hire Lord Francis Maude UK and China regulators discuss framework for financial projects Monte dei Paschi’s last-ditch rescue plan faces high hurdles Alipay challenges China Unionpay on fees Barclays to abolish passwords for phone banking…
Things we’re reading today include … Stressed out Bezos passes Buffett, becomes third-richest person: Forbes MasterCard and PayPal in alliance talks Deutsche Bank: problems of scale Lloyds cuts a further 3,000 jobs and doubles branch closure plan Goldman says oil’s rebalancing remains fragile amid macro headwinds
Things we’re reading today include … Santander cautiously confident despite worries of a slowdown Federal Reserve hints at sooner-than-expected rate rise as economic risks recede Challenger banks defy Brexit vote with booming revenues Standard Chartered hires IMF’s José Viñals as new chairman Lloyds to slash 3,000 jobs and close branches City Airport £344m expansion plan…
Things we’re reading today include … Deutsche Boerse wins investor support for London Stock Exchange merger Australia’s big banks team up to challenge Apple on mobile payment apps Hedge funds see $20.7bn outflows in June Credit card firms ignore persistent debt, says FCA Virgin Money profits boom as customers splurge on credit cards Natwest and…
Things we’re reading today include … Morgan Stanley hits CEO’s bond trading target, surprising analysts Senior HSBC exec released on $1m bail in $3.5bn US forex trading probe Revealed: the biggest companies in the world in 2016 U.S. sues to seize $1 billion in assets tied to Malaysian state fund BT fault hits broadband users…
Things we’re reading today include … Labour pledges national investment bank to mobilise £500bn World’s 20 biggest banks rack up £252bn ‘conduct costs’ in five years This Bank of England chart shows how the rich got richer and the poor got poorer since 2010 US bank buys new office block in London FCA considers using…
