This week’s main blog headlines are …
Who has the most valuable bank brand?
I just got The Banker magazine’s February issue discussing the top banking brands of the world. Timely, as I have been talking about trust and brands this week. In particular, I guess I was surprised the Chinese banks are the strongest brands across the board …
The real financial plans of the tech titans (#GAFA #BAT)
In my blog yesterday, I talked about the technology titans being liked and potentially trusted with money, but I still don’t think they will open full-service banking. Instead, I think they will focus upon full-service information. The reason I say this is that they don’t …
Trust in banks is NOT the same as trusting banks
I recently blogged about the Edelman Trust Barometer, which makes clear that technology firms are trusted the most and financial firms the least. This is misguided however, as we need to think about who trusts them with what. Consumers trust technology firms not to abuse their …
I spotted two stories about BBVA that appeared yesterday. The first was in the Financial Times with BBVA Chairman Francisco Gonzalez asking the G20 to take action against the big internet firms, saying “authorities [need] to bring order to this massive change” that could “pose …
How bad does a banker have to behave to be jailed?
Talking of banks not being trusted, do we have reasons to mis-trust them? Yes, many. Not only are many banks regularly called out for bad behaviour, but some have gone to the extremes of forging customers signatures. Then there has been the UK’s PPI scandal …
The latest news headlines …
Banking's Great Comedy Double-Act - Bloomberg
Like Laurel and Hardy, Deutsche Bank and Commerzbank are a great comedy act.
UK banks running out of time to apply for EU license, says ECB official - The Independent
Britain-based banks looking to maintain their access to the euro zone after Brexit are running out of time and should not count on a deal about a transition period, European Central Bank board member Sabine Lautenschlaeger said on Wednesday.
Norway-style Brexit deal presents Irish border headaches - The Telegraph
BANK OF AMERICA: Theresa May's Brexit plan is 'not possible' - Business Insider
Bank of America Merrill Lynch sent a note to clients that showed Theresa May's Brexit negotiations as a Venn diagram. Unfortunately her stated goals lie at the centre of three overlapping sets in an area marked "not possible," because her three "red line" demands are mutually incompatible.
The last thing you ever need to read about blockchain | First Dog on the Moon - The Guardian
Your guide to understanding what everyone is furiously banging on about Sign up here to get an email whenever First Dog cartoons are published Get all your needs met at the First Dog shop if what you need is First Dog merchandise and prints Continue reading...
Bitcoin bombs below US$7,000 as sell-off accelerates amid bank bans and regulation concerns - South China Morning Post
Bitcoin bombed on Monday, falling below US$7,000 for the first time since November and leading other digital tokens lower. Rival coins also retreated on Monday, with Ripple losing as much as 14 per cent and Ethereum and Litecoin also weaker. The total market capitalization of the crypto market declined by more than US$70 billion in just 24 hours.
EU risks 'serious' impact on financial markets without trade deal, watchdog warns - The Telegraph
Lloyds to cut more than 900 jobs - BBC
The banking group is reducing staffing levels as it pares back its High Street services.
Dozens of RBS branches 'could be saved' - BBC
The party's Westminster leader says he is hopeful of a "positive" outcome with RBS over branch closure plans.
Swiss bank UBS chases the newly-rich in Britain's regions - The Telegraph
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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...
