Airlines: The Real Cost of Banking & Payments has Doubled Since 2019
So, What’s the Problem? Legacy arrangements and systems have helped the banking and payments industry generate billions in extra profit from the Airline industry. …
Are Gremlins Really to Blame For Your Card Payment Woes?
I listened to a podcast recently with Patrick McKenzie. Patrick is a serial software entrepreneur and business all-rounder who worked at Stripe and still advises them on product and company strategy. …
Official Data shows that Businesses are Handing Billions Extra to their Banks
The daily updates in the media about the path of interest rates for next year are unhelpful. …
Bank of England: Very Low Yields on Bank Funds
UK interest rates have stabilised and this is reflected in the returns by UK banks to the Bank of England. However, the statistics published by the Bank of England are not very clear. According to the data the effective rate for outstanding ‘sight deposits’ of non-financial corporations is 2.56%. …
ECB: Euro Corporations getting poor yields from their banks
The results of the EuroFinance Corporate Treasurers 2023 Survey makes interesting reading. Treasurers were asked what effective rate should a company earn on bank funds? …
Bank of England: Legacy Banking Arrangements Costing UK Businesses
The SWIFT network that drives the global banking system is 50 years old. It’s no surprise then that many organisations have banking arrangements that are not fit for purpose. …
US: Sleepy Money Drives Record Bank Profits in Q3
The rise in interest rates is driving bank profitability in a way not seen since before the Global Financial Crisis. Lower provisions have added further to the record figures. …
Bank of England: UK Businesses not taking advantage of higher interest rates
UK businesses continue to achieve a poor return on bank funds according to the latest data recently released by the Bank of England. …
ECB: Euro Corporations getting a raw deal from their Banks
According to the latest ECB data published on 01 September 2023 Euro businesses are contributing €’billions to bank profits because their banking arrangements are poorly structured. …
Bank of England: Paltry Returns on Bank Cash Frustrates UK Businesses
UK CFO’s have a bit more to cheer about as the UK banks are paying more for their bank funds. However in many cases the increase in deposit rates will be offset by the increased cost of borrowing. …
