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How is 2020’s banking different to 1990’s banking?
The Financial Services Club Blog
Building on my blog post last week, showing the views of 1997, it was clear years ago that banking was under siege. However, that siege never happened. Tesco thought that most banks were “a bunch of clowns”, but never cracked the market and still have not. Sainsbury may have onboarded …
Subprime lender Amigo faces fresh turmoil as bosses quit
Shake-up comes as founder uses controlling stake to push his way back on to board The chief executive and chairman of the subprime lender Amigo are stepping down, signalling fresh turmoil at the loans group after its billionaire founder pushed his way back on to the board. The chief executive,
Deutsche to cut €100m from German retail banking unit
Lender plans to scrap legal entity that runs the operation and merge it into group
PiggyBank owner collapses into administration
Demise of payday lender leaves 45,000 customers facing financial uncertainty The payday lender PiggyBank has collapsed, making it the latest short-term creditor to fail in recent weeks amid a fresh crackdown by the City regulator. HJS has been appointed to carry out the administration of PiggyBank’s parent company, DJS, leaving
Goldman Sachs: less is core
Pull towards wider consumer market risks tarnishing institution’s gilt-edged brand
Paul Volcker: Former US Federal Reserve chief dies aged 92
The former head of the US Federal Reserve was known for fighting inflation in the 1980s.
Amazon says Trump's 'vendetta' lost it $10bn Pentagon contract
Company said ‘personal vendetta’ against Bezos, Amazon and the Washington Post cost it the cloud computing contract Amazon says Donald Trump’s “improper pressure” and behind-the-scenes attacks harmed its chances of winning a $10bn Pentagon contract. The Pentagon awarded the cloud computing contract to Microsoft in October. Continue reading...
SEC’s proxy advisers plan puts global investors on edge
Corporate America backs regulation of industry but shareholders are worried

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Financial Services Club
James Pitcher

+44 (0) 20 7562 9562 james_pitcher@fsclub.co.uk