Sun.May 07, 2023

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Labour criticised for giving global banks access to parliament

TheGuardian

Exclusive: HSBC and NatWest staffers seconded to shadow business secretary Jonathan Reynolds’s team Labour has been criticised for giving global banks access to parliament after taking an HSBC staffer into its shadow business team, despite the financial giant coming under fire over its links with China. One senior policy manager from HSBC has been seconded to the team of Jonathan Reynolds, the shadow business secretary, and has been given a parliamentary pass since February.

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Is short selling a symptom of a bigger problem for regional banks?

American Banker

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Can Joe Biden escape the fallout from the US banking crisis? | Larry Elliott

TheGuardian

If president is not worried about re-election prospects after one of biggest economic bubbles of past 100 years, he should be Nothing much to see here, so move along please. That has been the message from the White House to those who fear the collapse of three US banks in as many months spells serious trouble for the world’s biggest economy. Joe Biden has a point, even though the line that the US financial system is fundamentally sound has become harder to maintain as it becomes clear that Silic

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Legacy Thinking Can Destroy Digital Banking Transformation

The Financial Brand

This article Legacy Thinking Can Destroy Digital Banking Transformation appeared first on The Financial Brand. Digital banking transformation requires not only updating legacy systems, but evaluating legacy processes and thinking. This article Legacy Thinking Can Destroy Digital Banking Transformation 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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US banking crisis: Warren Buffett says bosses should face ‘punishment’

TheGuardian

Billionaire investor believes ‘CEO and directors should suffer’ when banks they run get into trouble Larry Elliott: can Biden escape fallout from US banking crisis? The billionaire investor Warren Buffett has said executives who led the US banking system into crisis should face “punishment”, as the American economy grapples with the worst series of bank failures since the 2008 financial crash.

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