A summary of the main blogs of the week …
Dodd-Frank, Donald Trump and Goldman Sachs: you’ve been suckered
The big headline on Friday was Donald Trump has signed an Executive Order to review the Dodd-Frank regulations. He also changed rules relating to brokers, so that they can seek maximised profits rather than being forced to behave in the client’s best interests, as ordered …
You can never automate humanity
I was in a long conversation about machine learning yesterday that will probably inspire a lot of blogging. One of the key parts of the conversation was the integration of robotics and artificial intelligence. When you can make love with a human being that doesn’t …
Building on yesterday’s blog, there was another interesting debate about the risks of humans in the network. Humans screw up. Humans cause problems. Humans have emotions. Humans are not welcome here. A good example of why humans are not welcome is that it is typically …
How banks are getting around open banking and PSD2
Banks are scared. They’ve seen the rise of the new world of open APIs, apps and analytics and know that their organisations are not yet ready or fit to change to that world. What to do? Well, the easiest thing to do is to block …
For ten years, my friends cover at Z/Yen have been producing the Global Financial Centres Index (GFCI), on behalf of the City of London. It’s a research program where people can answer the survey questionnaire and, from those participating, the different cities of the world vying …
For Turkish bank Garanti: appiness is the truth
I recently started working with the guys at 11:FS. A great bunch of folks who really understand FinTech and Digital. So they have a podcast, a blog and even do some work sometimes. Anyways, I thought this article was interesting and so, in the spirit …
Brexit vote has ‘chilling’ effect on FinTech investment
I was going to write a blog about this, but after reading the BBC summary felt that they had summarised it as well as, or maybe even better, than I could so … Brexit vote has ‘chilling’ effect on start-up investment By Matthew Wall, Technology of …
The key headlines of the past week include …
Trump's bonfire of banking rules could burn us all - The Guardian
"The last thing we want at this point in time is a relaxation of regulation,” said Mario Draghi, president of the European Central Bank on Monday. He is right to worry. Relaxation of financial regulation is exactly what Donald Trump has in mind and the effects could be felt around the world.
Which bank branches is TSB going to close? - The Telegraph
Rival branch closures boost Handelsbanken UK - The Telegraph
Mervyn King: MPs’ attitude made Brexit inevitable - The Telegraph
Is Italy’s financial future resting on UniCredit? - Financial Times
A €13bn share sale could restore confidence in both the bank and the country
Asia's top banks warn that Chinese capital flight is becoming dangerous - The Telegraph
China’s central bank is running out of ways to stem capital flight and faces a near impossible task trying to manage the fall-out from extreme credit growth, two of Asia’s most influential banks have warned.
Former British spy's investigation 'revealed South African bank corruption' - The Telegraph
A long-hidden, secret report by a former senior MI6 officer has triggered a financial scandal after allegedly uncovering evidence South African banks “looted the state” during the apartheid regime.
Brexit boost for London as Bank of America Merrill Lynch eyes new City base - The Telegraph
Wall Street giant Bank of America Merrill Lynch has kicked off its search for a vast new London office, in what will be seen as a major vote of confidence in the capital as the UK prepares for Brexit.
Deutsche Bank takes out full-page newspaper adverts to apologise for legal woes - The Telegraph
Barclays sparks job cuts fears with bank office overhaul - The Telegraph
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