The year 2023 has been a tough one on the banking sector. First, Silicon Valley Bank failed in March 2023, only to be followed in due course by Signature Bank SBNY and the seizure of First Republic Bank FRC in May 2023. For the majority of depositors, whose deposits are…

​​This month saw the launch of the Canton Network, the financial services sector’s first privacy-enabled interoperable blockchain “network of networks” designed for institutions focused on real world assets. At a time of global political and market instability and a new banking crisis, the launch of the network signals that the…

You’ve probably never heard of the Aerial Transit Company, but it should be a business school case study. The company’s directors John Stringfellow, William Samuel Henson and Frederick Marriott presented the British Parliament with a proposal to launch the country’s first airline, with a proposal to fly to Egypt, China…

The world of payments has been in a state of constant change over the last decade, as new technologies have given rise to fresh challengers, consumer shifts have prompted market refocuses and digital capabilities have raised expectations. But over the past year, that continuous evolution of the industry has been…

Do human crypto traders know how frequently they trade with automated traders? Human crypto traders are now much more likely to trade with automated traders than with other humans. This state of affairs has important consequences for prices and trading performance. Crypto traders’ portfolios increasingly include liabilities issued by decentralized…

I was flattered to be invited to chair the keynote panel on new business models for banking at the Paris Fintech Forum 2023, because the issue of paradigm shift is being raised again and to me, paradigm shift means a change in business model, not mere refinement of an existing…

Key takeaways Microsoft’s Activision takeover faces regulatory hurdles from the UK, US and even gamers in a private lawsuit UK and US hearings are set to take place in the summer, with 40 other countries, including the EU having already approved the merger Activision’s share price has swung with the…

TL;DR The debt ceiling crisis which has dragged on for months has finally been put to bed, with the U.S. Senate passing the bill last night Both the ADP jobs report and the U.S. Jobs Report have come in way above expectations, making the Feds next decision on interest rates…

Key News Asian equities were largely higher overnight as Japan outperformed while South Korea was closed for their Memorial Day holiday. It was a quiet night overnight as Hong Kong and Mainland China had a choppy session, though Shanghai and Shenzhen pushed slightly higher and above the 3,200 and 2,000…

Indicted Rep. George Santos’ attorney has filed a letter asking the judge overseeing the New York Republican’s case to keep the names of the people who put up his $500,000 bond sealed. Attorney Joseph Murray objected to a motion by news organizations, including CNN, for the judge to make public…