Things we’re reading today include … Trump is considering new Glass-Steagall-style bank rules Former Wells Fargo CEO says breaking up big banks would be a mistake JPMorgan’s Dimon says biggest fear is bad public policy Infosys plans to hire 10,000 U.S. workers after Trump targets outsourcing firms RBS lawsuit set to draw Fred Goodwin into…
I was recently asked a set of questions by .BANK and duly answered. The interview is now online so I thought I would share it here … .BANK: In your book, The Future of Banking in a Globalised World, you explore the impact of regulatory change on the banking industry. With the move to less regulation…
I blogged recently about American banks beating up the regulators to stop account access via APIs. I heard this in various White House meetings in 2016, and assumed all banks and bank people felt the same way. Well, they don’t. Citi’s head of FinTech Policy, Andres Wolberg-Stok, got in touch to clarify the true situation….
Things we’re reading today include … Monzo, a UK digital-only challenger bank, granted full banking license China’s Army of Bank Tellers Retreats China curbs ‘Wild West’ P2P loan sector London and Brussels urged to agree Brexit transition deal to protect banks Banks and building societies snub Lifetime Isa launch U.S. regulator fines Credit Suisse unit,…
For as long as I can remember, I’ve been hearing about a War on Cash. The war, as illustrated by India’s recent demonetization, is not on cash itself but on the illegal use of cash and, by association, the fraudulent creation of cash. Both fraudulent notes and coins along with large cash denominated amounts transferring…
I took part in a webinar the other day, focused upon the developments in digital banking in the Middle East. Having visited Abu Dhabi, Bahrain, Dubai and Qatar recently, I can claim to know a little. Equally, having been to the region regularly since 2002, I’ve seen how it is developing and changing. This is…
Britain has a new £1 coin. It comes into circulation today and replaces the old coin, which was originally launched in 1983, making it one of the oldest coins still in circulation. The old coin gets phased out in October (and will no longer be legal tender) which means that, during the next six months, all…
