Our biggest stories of the past week are … Why you should feel revulsion for the term ‘omnichannel’ A lot of folks are asking me whether I’m really saying that banks need to start all over again? Is that really feasible, Chris? How can you recommend that we tear down the house and rebuild it? Well,…
Things we're reading today include … Gloomy outlook for UK banking sector Standard Chartered profits down End of the bank holiday? Almost 100 NatWest and Barclays branches to be open in end of 144-year tradition Ending bank holidays? I don't know why we haven't done it sooner HSBC shares leap on prospect of UK bank…
Things we're reading today include … HSBC leaving the UK could force sale of high street bank HSBC considering spinning off British retail bank: Sunday Times HSBC gives FTSE 100 renewed boost Lloyds takes £640m hit from TSB's Spanish sale Deutsche Bank first-quarter profit falls by half as legal charges bite Deutsche Bank seeks to…
Things we're reading today include … Flash crash explainer: how 'the Hound of Hounslow' could have caused one of the scariest days in stock market history Funding Circle raises $150m in new round Bitcoin Island: the currency comes clean Switzerland 'world's happiest place' We are becoming immune to the banks' disgraceful behaviour Deutsche Bank tops…
Things we're reading today include … UK speed trader arrested over role in 2010 'flash crash' Flash Crash trader Navinder Singh Sarao 'a prankster who always got away with it', friends say 'Flash crash' trader's alleged fraud a common market occurrence British Flash Crash trader says arrest came as 'bolt from the blue' as he…
Things we're reading today include … British man held over £500bn Wall Street 'flash crash' US seeks to extradite British trader blamed for flash crash that ravaged US equity markets What happened during the Flash Crash? Payday lender Wonga tries damage limitation What will Wonga do next? Will Wonga and other payday lenders survive? Female…
Things we're reading today include … The biggest US-EU free trade agreement in history is advancing – in secret Bank regulators fail to spot hidden dangers Volcker calls for U.S. financial regulation shakeup Vast majority of City would vote for UK to stay in EU Small firms to seize £2bn in non-bank lending Hidden bank…
Things we're reading today include … Metro Bank plots £1bn London float next year Wonga set to post loss amid clampdown on payday lenders Britain's bank tax jump threatens to push HSBC, StanChart to new home Some banks tried to renege on deals after SNB's policy U-turn: Bloomberg How Santander's affordability tests are forcing rates…
Our biggest stories of the past week are … What keeps Jamie Dimon awake at night? (clue: Fintech) I’ve written a lot about incumbents versus startups lately and noted with interest that Jamie Dimon’s annual letter to JPMorgan shareholders picks up on this theme (not as a direct result I’m sure?). He talks about “hundreds of startups…
