This week’s main blog headlines are …
Banks could be dinosaurs and some of them know it
I have bias. I admit it. I have a certain proclivity to be nice to people who hire me, so this is an upfront statement of subjectivity. I am not objective. Nevertheless, there are certain companies who warm my heart. They tend to be young, …
There’s a constant buzz about disruption, which kind of sounds like destruction to me. We have to realize that no one is going to destruct or even possibly disrupt banks. No one. It has not happened in my lifetime of working with technology in banks, …
The long and winding road … to the blockchain
I still talk a lot about blockchain, distributed ledgers, cryptocurrencies and more, but often feel it’s falling on deaf ears. The price of bitcoin flies around in the $7,000 a coin bracket, having risen from a tenth of that amount a year ago; and many …
Why distributed ledgers aren’t working (yet)
I spent a day facilitating a series of roundtable discussions focused upon distributed ledger technologies (DLT). I realised that there’s a lot of confusion around the subject. Hell, even I’m confused most of the time even after dedicating hours to the subject. When is a …
I was recently at a Capital Markets conference in Turkey where the main first day keynote speaker is Professor James A. Robinson from the University of Chicago and co-author of Why Nations Fail, a book that changed thinking about what makes for successful countries and what …
I’m involved in quite a lot of start-ups, ICOs and funds these days, and recently started a mini-series of interviews with them, as I think it will be of interest to readers of my blog. In the third of this series, I’m interviewing Igor Khmel, CEO …
The latest news headlines …
HSBC closes Marine Le Pen bank account - The Guardian
French far-right leader says she and Front National are victims of ‘banking fatwa’ after Société Générale closes party’s accounts Marine Le Pen , the leader of France’s Front National, has claimed that she and her party are victims of a “banking fatwa” after HSBC closed a bank account she had
Starling takes the challenger fight to big banks with European and wholesale push - The Telegraph
EU’s Barnier Says Brexit Means Banks Lose EU Passporting - Bloomberg
European Union chief Brexit negotiator Michel Barnier told the U.K. to come up with a solution for the Irish border, making clear that an improved offer on the divorce bill might not be enough to unblock talks.
Too-big-to-fail banks keep getting bigger - CNN
Many too-big-to-fail banks have grown even larger during the decade since the financial crisis. The 2008 meltdown showed how big banks that get into trouble can hold the entire global economy hostage.
Brexit: Banks to start shifting jobs from London - The Independent
UK politicians are fighting to get a deal early next year that will ease businesses’ panic about Brexit. For some industries, it’s probably too late.
HSBC slapped with record Hong Kong fine over sale of products linked to Lehman Brothers - The Telegraph
Uber paid hackers $100,000, concealed data stolen from 57 million accounts - Reuters
(Reuters) - Uber Technologies Inc [UBER.UL] paid hackers $100,000 to keep secret a massive breach last year that exposed the personal information of about 57 million accounts of the ride-service provider, the company said on Tuesday.
Brexit Pushes EU Bank Regulator Into Arms of Continental Suitors - Bloomberg
The European Banking Authority gets a new home on Monday, as Brexit forces the regulator and its 180 employees to abandon their high-rise digs in London’s Canary Wharf financial district and relocate to the continent.
The Future Of Banking Is In The Palm Of Your Hand - Forbes
The evolution of the payments industry was a cornerstone of the FinTech movement and it’s undergoing yet another fundamental shift – this time, into social media.
When the last bank leaves town - BBC
Killyleagh sits on the banks of Strangford Lough, like any other village it has grocers, butchers, and pubs. But, by next summer, it will not have a bank.
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Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
