Our biggest stories of the past week are ...
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, there’s a lot of reasons I can say this, and believe it.
I just heard a presentation from a leading American bank on the need to be digital. This bank claims to be a digital leader in the US and, from all the PR and headlines, you would believe they were. Listening to their presentation, you might believe it too …
This is a blog from the Hotwire PR website, written by Camilla Ives. It summarises my good friend John Chaplin’sPayments Innovation Jury Report report well. The report has been produced annually for the past four years and John will be presenting this in person to the Financial Services Club in England (June) and Poland (July). In the meantime, here’s the low down.
Following on with our regular weekly interview the Finanser talks this week with Chris Larsen, CEO and co-founder of Ripple Labs.
So it’s late at night and we reach that point in the evening when one of the group pipes up: so let’s stop talking about us, but let’s talk about banking. A big groan. If banking were a movie, what movie would it be?
The major general news stories of the past week include …
Once interest rates are on the move again, how fast will they rise? – The Independent
It is a huge question, not least for the next UK government: how fast will interest rates rise here and elsewhere in the developed world? For a start, the cost of funding will be a crucial element in the next government’s fiscal planning, for the faster rates go up the
Barclays takes extra £800m hit for forex – Financial Times
Pre-tax profits fall 26% to £1.34bn in first-quarter but investment banking rebounds
French IT firm Cap Gemini to buy U.S. rival IGATE for $4 billion – Reuters
PARIS (Reuters) – Cap Gemini SA , a French information technology services company, said it will buy U.S.-based rival IGATE Corp for $4 billion in a deal that would make North America into its biggest market and hand IGATE’s founders a $1 billion windfall.
Investors question Deutsche Bank’s overhaul – Reuters
FRANKFURT (Reuters) – Deutsche Bank’s biggest strategic overhaul under co-chief executives Anshu Jain and Juergen Fitschen got a thumbs down from investors on Monday who judged it too little too late.
End of the bank holiday? Almost 100 NatWest and Barclays branches to be open in end of 144-year tradition – The Telegraph
RBS says customers struggle to make it to branches during working hours, as it opens branches on a bank holiday for the first time
Deutsche Bank strategy met with scepticism – Financial Times
Lack of detail in German lender’s five-year vision leaves analysts puzzled
HSBC considering spinning off British retail bank: Sunday Times – Reuters
(Reuters) – HSBC , Europe’s biggest bank, is weighing plans to spin off its British retail bank in a 20 billion-pound ($30.37 billion) deal, the Sunday Times reported.
Lloyds takes £640m hit from TSB’s Spanish sale – The Telegraph
Bank due to report fall in profits as it registers IT losses from Banco Sabadell’s takeover of TSB
If Greece falls, no one wants their prints on the murder weapon – Reuters
BRUSSELS (Reuters) – “We’re going bust.” “No, you’re not.” “You’re strangling us.” “No we’re not.” “You owe us for World War Two.” “We gave already.”
The bizarre banking loophole that has opened up in Malta – The Guardian
Malta throws a spotlight on how secure our bank accounts really are – or aren’t
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