Things we’re reading today include … Morgan Stanley to pay $3.2bn settlement Lending Club announces share buyback Stock markets hit by global rout raising fears for financial sector Like a game of Jenga, one wrong move could bring banks crashing down Is Germany dragging down the eurozone? JPMorgan’s Dimon buys more than $25 million of…
Things we’re reading today include … There’s a bitter cocktail of concerns swirling around Europe’s banks The world can’t afford another financial crash – it could destroy capitalism as we know it John Cryan: the Yorkshireman at the heart of Deutsche Deutsche Bank shares climb as bosses back up tough talk with cash Deutsche Bank:…
Things we’re reading today include … Goldman Sachs ‘to slash jobs’ amid global economic slowdown Is the European banking industry facing its own Lehman Brothers moment? HSBC sued by families of victims in drug money laundering case London Whale’s former boss at JP Morgan fined £800,000 Shares dive as fears mount for health of global…
Things we’re reading today include … Challenger banks stand out from the crowd ‘Panic situation’: Asian stocks tumble amid fears of new global recession Next time there’s a crisis, the big banks should be allowed to fail Ban £50 notes, ex-bank chief says Royal London warns banks: the days of bonuses for failure are over…
Things we’re reading today include … HSBC ‘to stay in London’ as board meets for final decision on HQ Barclays needs some big ideas while share price languishes China’s currency reserves plunge Fintech firms want to open accounts at the Bank of England MPs challenge ‘unclear’ bank tax rules German arm of Maple Bank shut…
Our main stories of this week includes … Is it Fintech or Techfin (Part One) In conversation with bankers and start-ups, it is clear that there is a differing view of the world. It is not as clear-cut as nimble innovator versus dinosaur incumbent, which is how many portray this chasm of difference of thinking, but…
Things we’re reading today include … U.S. banks targeted by activist investors on merger wave hopes Hackers in China attack 20m accounts on Alibaba’s Taobao shopping site U.S. House approves limits on investigating banks for fraud ties FCA extends accountability regime to HFT Bank break-ups: here we go again Moody’s downgrades Clydesdale Bank’s deposit rating…
Things we’re reading today include … ‘Flash crash’ trader begins fight against extradition to US G20 plays by the book as unnerved markets crave succour Regulators seek more detail on EU deal Clydesdale warns: Brexit could drive up borrowing costs Lloyds Bank to cut 1,755 jobs and shut 26 branches Bank of England would try…
Things we’re reading today include … What are ‘dark pools’? Nutmeg cuts fees amid arrival of cheaper ‘roboadvisers’ Universal Credit ‘leaves people poorer’ Prudential shares spooked by Chinese capital crackdown MPs debate the FCA: Seven things you might have missed U.S. stock market reforms suggested to prevent market chaos UBS hit by Asian slowdown and…
Things we’re reading today include … We need to talk about Metro Bank’s weird balance sheet Lloyds ‘facing extra £2bn PPI bill’ Clydesdale Bank on home stretch for flotation as Australian courts give green light Payday lenders and credit firms to pay for ‘illegal money’ enforcement teams Almost one million investors lose £5.3bn in massive…
