European banks face €30bn-€40bn capital bill after Brexit
European banks could be forced to put as much as €40bn of extra capital into their UK branches as a result of the country's decision to quit the EU, according to a report from the Boston Consulting Group. The BCG report also says Brexit will trigger an ...and more »
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July 15,2016
Wall Street Journal
MILAN—A high-stakes conflict is brewing between Italy and the European Union over the rules for bailing out banks—and the country's third-largest lender is at the center of it. The dispute over Banca Monte dei Paschi di Siena BMPS 4.25 % SpA could ...
July 15,2016
Business Insider
A startup led by two former Google engineers on Wednesday unveiled a cloud-based "operating system" for banks meant to bring the infrastructure at the heart of finance into the 21st century. London-based Thought Machine has been working on its VaultOS ...and more »
July 15,2016
Wall Street Journal
For some banks, developing their own payment apps is a way to keep a firmer grip on customers who may already be using the bank's mobile features to do things like check a balance. The banks also let customers load their cards into nonbank applications ...and more »
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