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Who should go at Deutsche Bank: The chairman or CEO?

Who should go at Deutsche Bank: The chairman or CEO? | Banking & Financial Services | Scoop.it
Deutsche Bank Chairman Paul Achleitner is said to have held talks with possible replacements for CEO John Cryan. The bank's turnaround efforts have been disappointing in many eyes, but there is open debate on whether it's Cryan or Achleitner who deserves most of the blame.
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Ex-boss of China's Anbang Insurance pleads for leniency in trial for economic crimes, East Asia News & Top Stories

Ex-boss of China's Anbang Insurance pleads for leniency in trial for economic crimes, East Asia News & Top Stories | Banking & Financial Services | Scoop.it
SHANGHAI (REUTERS) - The former chairman of China's Anbang Insurance Group Co Ltd requested leniency at the end of his high-profile trial in Shanghai for alleged economic crimes, including fraud and embezzlement involving more than US$10 billion (S$13 billion), according to court statements.. Read more at straitstimes.com.
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Facebook Has Been Collecting Android Users' Cell Phone Data For Years

Facebook Has Been Collecting Android Users' Cell Phone Data For Years | Banking & Financial Services | Scoop.it
The social media company says users gave it permission to collect their data, but most people were unaware they were agreeing to have their cell phone history harvested.
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Pepper Group Grabs $1 Billion In RMBS Issue –

Pepper Group Grabs $1 Billion In RMBS Issue – | Banking & Financial Services | Scoop.it
Pepper, a major alternative lender has priced its largest ever securitisation deal amid strong investor interest. As we highlighted recently there has been a surge in securitised deals as pricing h…
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Banking Royal Commission: We rely on car dealers to verify our loans, says Westpac | afr.com

Banking Royal Commission: We rely on car dealers to verify our loans, says Westpac | afr.com | Banking & Financial Services | Scoop.it
Australia's largest provider of auto loans accepts customer information provided by car dealerships as gospel and does not independently verify the expenses.
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Minnesota officer charged with third-degree murder in Australian's death | Reuters

Minnesota officer charged with third-degree murder in Australian's death | Reuters | Banking & Financial Services | Scoop.it
The Minneapolis police officer who fatally shot an unarmed Australian woman last July was arrested on Tuesday on charges of third-degree murder and second-degree manslaughter, prosecutors said.
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22-Year-Old Behind $5 Billion Crypto Is Just Getting Started - Bloomberg

22-Year-Old Behind $5 Billion Crypto Is Just Getting Started - Bloomberg | Banking & Financial Services | Scoop.it
(Machine translation provided by Google and reviewed by Bloomberg editors.)
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Wirex to Launch Cryptocurrency Debit Cards in Asia During Q2 2018

Wirex to Launch Cryptocurrency Debit Cards in Asia During Q2 2018 | Banking & Financial Services | Scoop.it
Following its European launch this month, Wirex plans to launch its multi-currency bitcoin debit cards in Asia during Q2 2018.
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Firstmac introduces lower interest rate for green cars - Mortgage Business

Firstmac introduces lower interest rate for green cars - Mortgage Business | Banking & Financial Services | Scoop.it
Non-bank lender Firstmac has introduced a lower interest rate for buyers of environmentally-friendly vehicles in a big to “accelerate” the growth of the Australian electric vehicle market. The in
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The Senate just quietly passed the biggest rollback of Wall Street regulations since the financial crisis

The Senate just quietly passed the biggest rollback of Wall Street regulations since the financial crisis | Banking & Financial Services | Scoop.it
The Senate bill is designed to exclude many smaller banks from increased regulation, but it will also benefit larger regional banks and financial institutions.
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The woman asking the hard questions at the banking royal commission

The woman asking the hard questions at the banking royal commission | Banking & Financial Services | Scoop.it
Silk Rowena Orr was once a junior barrister learning from Kenneth Hayne's wife Michelle Gordon. Now she is assisting him with a landmark inquiry.
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Banking royal commission: banker pay a target | afr.com

Banking royal commission: banker pay a target | afr.com | Banking & Financial Services | Scoop.it
The banking royal commission dropped clues during its first hearing on where concerns lie and how it might resolve them.
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Hayne Royal Commission: NAB staff took cash bribes to 'smash targets' | afr.com

Hayne Royal Commission: NAB staff took cash bribes to 'smash targets' | afr.com | Banking & Financial Services | Scoop.it
NAB staff were approving loans they knew that were fake in order to meet sales targets and trigger incentive payments.
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How Does Technical Debt Affect a Business Financially? | Toptal

How Does Technical Debt Affect a Business Financially? | Toptal | Banking & Financial Services | Scoop.it
Technical debt is more than just a burden on engineering and customer experience. Its financial effects are real and as profound as traditional financial debt. A clear assessment, rational decision-making and a prudent payment plan are the steps required to mitigate the risk.
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Companies Ditch Facebook Amid Cambridge Analytica Scandal

Companies Ditch Facebook Amid Cambridge Analytica Scandal | Banking & Financial Services | Scoop.it
In the wake of Facebook's Cambridge Analytica data scandal, some companies have suspended ties with the social network amid the controversy
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Deutsche Bank Lynch Mob Goes After Wrong Man - Bloomberg

Deutsche Bank Lynch Mob Goes After Wrong Man - Bloomberg | Banking & Financial Services | Scoop.it
If this about protecting the investment bank, then chairman Achleitner is on shaky ground.
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Japan suspends Binance, one of world’s biggest cryptocurrency exchanges — RT Business News

Japan suspends Binance, one of world’s biggest cryptocurrency exchanges — RT Business News | Banking & Financial Services | Scoop.it
Japan’s top financial regulator has ordered one of the world’s biggest cryptocurrency exchanges to suspend its operations. The watchdog said Binance was breaking Japanese rules and isn’t properly registered.
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'We Need an International Discussion on Cryptocurrencies': OECD's Medcraft

'We Need an International Discussion on Cryptocurrencies': OECD's Medcraft | Banking & Financial Services | Scoop.it
Join our community of 10 000 traders on Hacked.com for just $39 per month. Greg Medcraft, Director of the Directorate for Financial and Enterprise Affairs of the OECD, recently revealed that he believes we need an “international discussion on cryptocurrencies,” and that blockchain technology will propel the “next revolution.” During an interview on the sidelines
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System Alert – Does Not Comply With Responsible Lending! –

System Alert – Does Not Comply With Responsible Lending! – | Banking & Financial Services | Scoop.it
The Royal Commission looking at Financial Services Misconduct heard today that the Commonwealth Bank’s automated system for approving overdrafts failed and so for four years from 2011 it gave…
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France Warns of 15 Unauthorized Cryptocurrency Investment Platforms

France Warns of 15 Unauthorized Cryptocurrency Investment Platforms | Banking & Financial Services | Scoop.it
The French financial regulator has issued a warning and published a list of 15 unauthorized cryptocurrency exchange and investment platforms. These companies keep marketing to the French public despite the agency's warnings.
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Herbert Smith Freehills partner Peter Paradise disciplined seven years ago | afr.com

Herbert Smith Freehills partner Peter Paradise disciplined seven years ago | afr.com | Banking & Financial Services | Scoop.it
The senior Herbert Smith Freehills partner suspended over allegations of sexual harassment was disciplined seven years after a complaint by a female staff member.
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Billionaire Alan Howard Makes a Bet on Cryptocurrencies - Bloomberg

Billionaire Alan Howard Makes a Bet on Cryptocurrencies - Bloomberg | Banking & Financial Services | Scoop.it
Hedge fund billionaire Alan Howard made sizable personal investments in cryptocurrencies last year and plans to put more of his own money into digital assets and the blockchain technology behind them, according to people with knowledge of the matter.
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NAB knew of "introducer program" misconduct months before filing ASIC report

NAB knew of "introducer program" misconduct months before filing ASIC report | Banking & Financial Services | Scoop.it
At least 1,360 NAB customers have been potentially affected
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NAB grilled over failing to disclose ‘introducer’ fraud - Mortgage Business

NAB grilled over failing to disclose ‘introducer’ fraud - Mortgage Business | Banking & Financial Services | Scoop.it
 The big four bank failed to produce a document to the Royal Commission, which revealed instances of “fraudulent payments to introducers”. In the second day of public hearings held on Wednesday
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Mike Tilley backs cryptocurrency exchange Independent Reserve | afr.com

Mike Tilley backs cryptocurrency exchange Independent Reserve | afr.com | Banking & Financial Services | Scoop.it
One of the wise heads of Australian finance, Mike Tilley, is the latest person to throw his considerable influence and personal financial wealth behind a local cryptoexchange.
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