Francois Perol has “More Banking Sector Concerns Than In 2009″

Francois Perol has “More Banking Sector Concerns Than In 2009″

To some people, it will come as no surprise to find out those working in the banking sector are quite concerned regarding the financial status in Europe right now. Francois Perol, chairman of France’s second biggest bank, openly voiced his concerns yesterday, as he is more worried than he was in 2009. Europe’s Banking Sector Is On Edge. The primary concern Francois Perol has regarding the status of Europe’s banking sector right now comes in the form of negative interest rates. Not only will these new rates affect the consumer, but there will also be an impact on financial institutions as....


Related News

The Banking Sector’s Interest in Blockchain May Translate to Job Cuts

The banking sector is enthusiastic to implement blockchain technology in order to automate most of the processes, This may lead to future job cuts in the sector. The banks were never charmed about Bitcoin for multiple reasons. For starters, when the digital currency was first introduced following the collapse of the US banking system, it was hailed as the killer of the traditional banking sector. As time passed, the digital currency gained enough traction to actually threaten the traditional banking industry with its easy and fast transactions at literally no transaction costs. The fierce....

7 Asian Banks Investigating Bitcoin and Blockchain Tech

Until recently, there was a noticeable lack of interest in bitcoin and the blockchain among the financial institutions of Asia. In fact, banks were more likely to be issuing warnings about digital currencies than getting involved in any related activity. It was the fall of Mt Gox in Japan and the Chinese central bank's crackdown on bitcoin exchanges, events that both took place in 2014 that resulted in early barriers among financial institutions in those nations. However, the recent upsurge in the popularity of blockchain technology in the global finance sector seems to have at least....

Greenbank Capital Looks to Keep the Bad Guys Away with GreenCoinX

Publicly traded Canadian Greenbank Capital Inc (CSE:GBC and OTCMKTS:GRNBF) has announced that the offering of a cryptocurrency that focuses on user identification in contrast to Bitcoin’s and other altcoin’s user anonymity policies. Citing recent concerns by some figures in the public sector and financial sector about Bitcoin and other cryptocurrencies being good opportunities for illegal activity, Greenbank Capital is focusing on making sure that can’t happen with their product. “GreenCoinX is the world’s first and only crypto currency that requires users to be identified before usage.....

Ex Barclays' Chief: Fintech Will Significantly Disrupt Banking Sector

The former Group CEO of Barclays, Antony Jenkins, predicts a future within the next ten years wherein financial technology or fintech will substantially disrupt traditional banking systems and the banking industry as a whole. He is convinced banking installations and those employed in banking institutions will be reduced by at least 20% in the coming ten years, if not up to as much as 50%. Antony Jenkins, former CEO of one of Barclays, the UK's second biggest bank in assets after HSBC has predicted an "Uber-like" disruption from the Fintech sector to come crashing down on the current....

The Fintech Threat to Banking: A Solution From MIT

In the next 10 years, 30 percent of banking jobs could be obsolete, according to a recent Citi GPS report. This statistic from Citigroup’s report makes an assessment of the potential impact of fintech on the global banking industry. It echoes the concerns of former Barclays PLC Chief Executive, Antony Jenkins, who referred to the position of consumer banking as being “in an Uber moment” that would lead to rapidly accelerating job losses. “I predict that the number of branches and people employed in the financial services sector may decline by as much as 50 percent over the next 10 years,....