06

Apr

Bailey rejects monetary financing as tool in virus crisis

Bank of England governor Andrew Bailey has rejected suggestions the central bank should use monetary financing to protect and boost the economy amid the coronavirus crisis, saying it would “damage credibility on controlling inflation”. Writing in the Financial Times, Mr Bailey signalled he would oppose any calls for the BoE to print money to allow the government […]

06

Apr

Stock futures rise as investors monitor corona virus case counts

Stock futures rose Sunday evening as investors braced for another week of closely monitoring developments around the global coronavirus outbreak and policymakers’ responses to the pandemic. Over the weekend, new coronavirus cases continued to rise in major centers around the world, albeit at an at least temporarily slower pace than in recent weeks. The state of New[…]

06

Apr

Digital marketing and sales as growth drivers

Due to the continuing digitalization of all areas of life, bank customers’ behavior and expectations are also changing—digital channels and therefore also digital marketing are gaining importance. Banking products should fit seamlessly into the—increasingly digital—everyday life. A survey conducted by GfK on behalf of Google and Postbank[1]reveals that almost 90 % of all bank customers initially search[…]

06

Apr

Greece, the eurozone crisis and the case against fiscal discipline

Professor Jeffrey Frankel (Why Germany must not make the same fiscal mistakes as the US, 1 October) claims that “the 2010 euro crisis would not have happened had Greece, after joining the euro, maintained the fiscal discipline called for under the stability and growth pact”. This narrative of the eurozone crisis is very familiar but also very[…]

20

Jan

Stockholm-based Tink secures €90 million to expand its open banking platform further across Europe

Today the Swedish startup Tink announces it has completed a €90 million investment round, co-led by Dawn Capital, HMI Capital and Insight Partners. Tink, founded in 2012, is one of Europe’s leading open banking platforms that enables banks, fintechs and startups to use data to develop smart, personalised and “delightful” financial services. Through one API, Tink allows[…]

20

Jan

Why banks are bowing out of Europe’s bond markets

Ultra-low interest rates and reduced trading profits are taking their toll on the banks that play a pivotal role in Europe’s sovereign debt markets. At the end of December, UBS withdrew as a “primary dealer” in the Irish debt market, a move that extends a deeper industry decline and leaves the €8.3tn EU market increasingly dependent on[…]

20

Jan

Credit Suisse admits second executive was followed by private detectives

An extraordinary corporate espionage scandal has deepened at Credit Suisse after the Swiss bank admitted a second executive had been tracked by private detectives. The bank has confirmed that its former head of human resources Peter Goerke was followed for “several days” in February this year by private detectives hired on behalf of the bank. This follows[…]

20

Jan

2020 will be the year of a historic market surge, Medley Global predicts

Medley Global Advisors’ Ben Emons expects the market to break out in 2020. But his forecast doesn’t apply to the next few months. Despite this week’s strong market gains, the firm’s managing director of global macro strategy predicts uncertainty over the U.S.-China trade war and Brexit will prevail and continue to rock stocks. “We’re dealing with a[…]