Veneto banks, bitcoin and Southern Europe
Businessam Staff
June 21, 2017
Talks involving Intesa Sanpaolo, government authorities in Rome and European Union regulators are ongoing as a deal to retrieve performing portions of the troubled Veneto banks — Veneto Banca and Popolare di Vicenza — draws closer in Italy. “What is certain is that there won’t be a bail-in,” an unnamed source told a Reuters reporter. […]
Banking and financial technology
Businessam StaffJune 20, 2017
From London comes the news that Barclays has been charged with fraud on foot of a 2008 capital raising from Qatar that allowed the bank to avoid a government bailout at the height of the global financial crisis. Four former executives, including then-chief executive John Varley, are also being charged. The deals with Qatar were […]
Amazon, financial regulation and protection
Businessam StaffJune 19, 2017
Newspaper pages were abuzz over the weekend with Friday’s news that Amazon would be taking over the upmarket Whole Foods chain in the United States. When it comes to actual transactions, the big appeal for Jeff Bezos is the lure of repeat payments. From Amazon Dash buttons to ‘Subscribe and Save’ deals, the company has […]
Amazon, Consumer Financial Protection Bureau and financial regulation
Businessam StaffJune 19, 2017
Newspaper pages were abuzz over the weekend with Friday’s news that Amazon would be taking over the upmarket Whole Foods chain in the United States. When it comes to actual transactions, the big appeal for Jeff Bezos is the lure of repeat payments. From Amazon Dash buttons to ‘Subscribe and Save’ deals, the company has […]
Central Bank of India and digital banking
Businessam StaffJune 16, 2017
It’s trendy to give your new digital bank a personal name. Think Marcus (the original Mr Goldman), or George, from Austria. Erste Group Bank’s digital platform George was launched two years ago, and the company says that it has now hit a million users, with one in eight Austrians taking to George. The app was […]
Credit card, Italian banking sector, Uber and Facebook
Businessam StaffJune 15, 2017
Credit card lending remains somewhat concentrated in the US, with four banks taking about half of the market. JPMorgan Chase is top of that pile, and its expecting losses to start climbing after several years of historically low loss rates. “JPMorgan’s earnings have shown rising sales volumes as well as weakening credit trends in its […]
KPMG, cyber security and bitcoin
Businessam StaffJune 12, 2017
Curation used to be about assembling and organising artworks and artefacts. Now, in the effort to put a more human face on technology, businesses are claiming to be “curators” putting customers together with … fintech? A recent announcement by KMPG Bahrain said the company will acquire Matchi, which puts together financial institutions and fintech companies. […]
Lafferty daily briefing
Businessam StaffJune 9, 2017
Theresa’s May’s joyless campaign for a stronger hand in Brexit negotiations with the EU lies in tatters this morning after the British electorate decided that the opposition’s anti-austerity politics looked positively cheerful compared to May’s. With the votes counted and a hung parliament in the offing, the result produced no clear direction for the country, […]
Lafferty daily briefing
Businessam StaffJune 8, 2017
“This is WoW!” says Roberto Ferrari, tapping on his smartphone and then turning it to show Lafferty News what he’s talking about. WoW is CheBanca’s cheerful new app that can be used by CheBanca and non-CheBanca customers alike to pay bills, fares and taxes, or transfer money via Italy’s Jiffy network. “It means Wallet of […]
Lafferty daily briefing
Businessam StaffJune 7, 2017
By Ronan Lynch The warning signs have been there for years. Banco Popular, once regarded as a solid retail bank, had never recovered from its role in the Spanish real estate bubble that preceded the Global Financial Crash ten years ago. The bank barely scraped through the European stress tests last year, and the Spanish […]