Sun.Aug 06, 2023

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‘Up all night worrying’: 92-year-old debanked by NatWest after move to Jamaica

TheGuardian

Last year’s decision left Philip Cato, who moved ‘home’ in 1990s after 30 years working in the UK, cut off from his state pension Until recently Philip Cato, a member of the Windrush generation who emigrated to the UK in 1961, had nothing in common with Nigel Farage. In fact he had not heard of the politician. But now he does. Both have been debanked by NatWest.

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Banks, usually hungry for growth, are now looking to shrink

American Banker

Much of the industry is slimming down, with some banks calling it quits on riskier sectors and selling loans they no longer want. The trend is particularly prominent at regional banks that are preparing to comply with new capital rules.

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Many of world’s largest hedge funds face UK stress test

TheGuardian

Participants also including banks and pension funds will have to reveal how activities could harm financial system Many of the world’s largest hedge funds will reveal whether their investment activities risk amplifying economic shocks and harming the UK’s financial system, after being recruited into the first-ever stress tests involving the shadow banking sector.

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How To Win Over the 45 Million Customers Most Banks Neglect

The Financial Brand

This article How To Win Over the 45 Million Customers Most Banks Neglect appeared first on The Financial Brand. The experience of a student seeking her first credit card shows how banks can do better by those with little to no credit history. This article How To Win Over the 45 Million Customers Most Banks Neglect appeared first on The Financial Brand.

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Elevating Accounting Practices: The Power of Outsourcing and Automation in the Digital Age

Speaker: Nancy Wu, Head of Sales and Customer Success at SkyStem

Join us for an enlightening webinar as we delve into the transformative realm of modern accounting practices. In today's digital age, the convergence of outsourcing and automation has revolutionized how businesses manage their financial operations. In this webinar we will explore the synergistic potential of these two strategies to streamline processes, enhance accuracy, save cost and drive strategic decision-making.

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Raghuram Rajan: the banker who warned of meltdown in 2005

TheGuardian

The former governor of India’s central bank now steers a tricky course between supporting free markets and campaigning against unfettered risk-taking He was once talked about as a possible successor to Christine Lagarde as boss of the International Monetary Fund. Then there were hints he might become governor of the Bank of England. But Raghuram Rajan says neither job was ever on his radar, despite his position in the front rank of central bankers after a stint running the Reserve Bank of India

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