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.

Policies 108
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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

US 54
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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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Digital Transformation: Accelerating ROI and Growth in Commercial Lending

Now is the time for lenders to prioritize their digital transformation initiatives in preparation for the lending rebound. Rising competition and ever-increasing customer demands for speed and efficiency are forcing financial institutions to embrace digital transformation. This shift can feel overwhelming—where do you begin? This infographic illustrates automation demands and shows you how loan document automation serves as an essential step to increase profits and provide the best lending exper

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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.

US 75