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Consultants
Tuesday 21st November @ 10:36am

Paris has won the contest as the future home of the European Banking Authority (EBA), beating Dublin in a secret ballot of the 27 EU members. (Amsterdam, too, secured one of the key pieces set to come loose following Brexit — it will welcome the European Medicines Agency.) It is thought that the EBA will begin its migration from London in March 2019. While finalisation of such high-profile losses is confirmation that Brexit...MORE

F473shutterstock_252335677
Monday 20th November @ 10:18am

The British cabinet looks poised to back Theresa May's new and improved Brexit deal offer in an effort to ease talks with officials in Brussels. The Financial Times reports that the initial offer of £20bn ($26.5bn) could increase to some £40bn as a conciliatory gesture to avoid any further delays in so-called 'divorce talks' which have dragged in recent weeks. It is a reminder of the pressurised...MORE

BitcoinLarge
Friday 17th November @ 10:22am

With bitcoin returning to its highs after a week where investors switched money to Bitcoin Cash in the hope of earning free coins in the event of a hard fork, Lafferty News noticed a spurt of interest in ways to buy bitcoin through conventional wallets. It seems that millennials in the US are moving into the cryptocurrency space. Oddly enough, American Express has been a supporter of blockchain and bitcoin, as an early backer of remittances business Abra: Amex is also conscious of losing...MORE

Finance, coins, money, currency, dollar
Thursday 16th November @ 10:39am

Richard Cordray will step down from his position as head of the Consumer Financial Protection Bureau (CFPB) before the end of the month. The CFPB has been repeatedly criticised by the current Trump administration and its Capitol Hill allies, with many Republicans dead set against the watchdog. The development comes soon after the embattled Mr Cordray saw the vice-president cast the...MORE

Brexit newsletter
Wednesday 15th November @ 10:19am

American Express, Bank of America, JPMorgan Chase and Wells Fargo, among others, have joined forces to form a consortium called TruSight. The newly established company has been set up to combine best practices and make the process of https://www.prnewswire.com/news-releases/american-express-bank-of-america-jpmorgan-chase-and-wells-fargo-form-industry-consortium-to-transform-third-party-risk-management-300555177.html.11(conducting third-party risk assessments of suppliers and partners across...MORE

Cards, credit cards, debit cards, finance, money
Tuesday 14th November @ 9:58am

Banks should be more open to embracing digital currencies — that's the view of the chairman of Swiss bank UBS. Axel Weber believes that banks risk being left behind unless they respond with more authority to the emerging trend of cryptocurrencies. "Whilst the official sector very often looks at the risks of these new means of payment, the private sector tends to look at the opportunities they offer", Mr Weber...MORE

coffee-beans
Monday 13th November @ 9:57am

Brexit negotiations are on the brink of falling apart with EU negotiator Michel Barnier this weekend warning for all parties to prepare for a 'no deal' Brexit. We have warned for several months that the Irish border issue is exposing the major internal contradictions in UK Brexit policy: even well-rated Bloomberg news thinks that the Irish issue is an 'unexpected hurdle' when it's...MORE

coffee, drink, cafe, food
Friday 10th November @ 10:56am

Yet more Brexit headache news for the UK as the EU has demanded that Britain needs to accept the strong possibility of Northern Ireland remaining inside the European customs union and the Single Market after Brexit. The European Commission's suggestion, as outlined in today's Financial Times, is to avoid the potential of a hard border between Northern Ireland and the Republic which could unsettle the political and...MORE

shutterstock_131090588
Thursday 9th November @ 10:48am

The Bank of Amazon could yet become a reality — if recent soundbites from Keith Noreika, stand-in leader of the Office of the Comptroller of the Currency, are anything to go by. The current set-up means that super-retailers like Amazon and Walmart cannot disrupt the sphere currently dominated by financial institutions because there is a sacred distinction between banking and commerce already in place. However, http://www.smh.com.au/business/banking-and-finance/bank-of-amazo...MORE

Brexit newsletter
Wednesday 8th November @ 10:15am

Deutsche Bank is set to cut thousands more jobs as it continues its technological push while bracing for the impact of significantly lower future revenues. With almost 100,000 staff on the books, something identified by company CEO John Cryan as being double what many of their peers have, the announcement of extra impending cuts will add to the 9,000 being cut on a global scale at present...MORE

Office, highrise, coporate, bank
Tuesday 7th November @ 10:28am

British challenger bank Aldermore is set to be bought by South Africa's First Rand — pending the approval of shareholders. Founded eight years ago, the £1.1bn-valued (around $1.5bn) firm has focused on financial services for small and medium-sized businesses. "Our vision has always been to bring more competition to UK banking, and the support of the FirstRand Group will enable us to continue to do just that", chief executive...MORE

coffee-beans
Monday 6th November @ 10:03am

Paytm, the Indian digital payments app, is set to expand its function to accommodate an instant-messaging chat service as it encroaches on territory already occupied by Asian giants WeChat and Hike Messenger. The payment app will enable users to combine sociability with connectivity and https://www.bloombergquint.com/technology/2017/11/05/startup-street-why-paytm-wants-to-go-the-wechat-way.11(will also reduce the number of steps currently needed to transfer money from six swipes to a single...MORE

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