Reuters/Hannah McKay A general view shows the Bank of England in the City of London, Britain April 19, 2017. LONDON — On Thursday afternoon the Bank of England left interest rates unchanged for another month, surprising no one at all. However what did surprise some was how the UK’s central bank voted for that hold. […]

Jonathan Ernst/Reuters Wall Street regulators decided four years ago to try and dampen leveraged lending by big banks. According to a staff report from the Federal Reserve Bank of New York, big banks did cut back their leveraged lending, and nonbank lenders stepped in. The problem: the nonbanks were funded by the big banks, meaning the […]

Donald Bowers/Getty Images The worlds of finance and the humanities seem distant. The cold calculus and material emphasis of finance seems about as far removed as one can imagine from the inquiring, open-ended approach of the humanities and its emphasis on meaning. As I researched my book, The Wisdom of Finance, I was surprised to […]

Deutsche Bank is making a big bet on financial technology.  The German bank is investing in fintech startups.  It just opened a fourth innovation lab, this time in the financial district in New York. A chunk of its website is dedicated to digital banking.  Now it’s making a push to advise financial technology companies, too. The German bank has hired Tommaso […]

Symphony Symphony CEO David Gurle. Symphony, the secure chat app backed by some of Wall Street’s biggest banks, has raised $ 63 million (£48.8 million). Palo Alto-based Symphony announced on Tuesday that it has raised the sum from French bank BNP Paribas and its existing shareholders, which include Goldman Sachs and Google. Olivier Osty, BNP […]

Aspiration Aspiration CEO and founder Andrei Cherny. Aspiration, a financial services firm founded on the radical idea that clients should pay what they think is fair, wants to help its customer keep track of the impact of their purchases.  The firm announced April 26 it is equipping its checking-account users with a new tool, Aspiration Impact Measurement, that shows […]

LONDON — A senior regulator at Britain’s Financial Conduct Authority (FCA) is concerned that other regulators around the world could be letting fintech startups operate under “wild west” standards of regulation that could leave customers out of pocket. Christopher Woolard, the FCA’s director of strategy and competition, said in a speech earlier this week that […]

REUTERS/Gonzalo Fuentes People protect themselves from the rain under umbrellas at Trocadero Square near the Eiffel Tower in Paris, France, January 12, 2017. LONDON — The Vice-President of the Paris Region begins a two-day visit to London on Monday as French officials continue their aggressive courting of British businesses affected by Brexit. Othman Nasrou, Vice-President […]