Web's Best – August 2016

Credit Suisse Chairman Calls For Time to Complete Turnaround

Credit Suisse Chairman Urs Rohner aims to stay in office beyond 2018, he told German newspaper Handelsblatt, confident that his and Chief Executive Tidjane Thiam's strategy will revive the struggling Swiss bank. – August 31 / Reuters

Banks Are Preparing For An «Economic Nuclear Winter»

European banks, in particular, have had a very tough six months as the shock and volatility around Brexit sent banking stocks south. Major European banks like Deutsche Bank and Credit Suisse saw their shares in free-fall after the referendum's results were announced. – August 30 / CNBC

Six Insurtech Startups From Asia to Watch

In Asia, interest in insurtech grows as industry experts and observers perceive the region’s fast-growing economies and underinsured population as an untapped opportunity. – August 24 / fintechnews.sg

Would You Like Fries With That? Chinese Big Mac to Cost $2 Billion

U.S. private equity fund Carlyle Group may be one of the two final bidders left standing in a competitive auction process for US fast food chain McDonald’s China franchise of 2,200 restaurants. – August 23 / South China Morning Post 

Singapore Wants to Be Asia’s Sweden in Push for Cashless Payment

Singapore plans to reduce the role of cash and checks in its economy by encouraging banks to switch to digital payments, according to the head of the country’s central bank. – August 22 / Bloomberg

Inside Deutsche Bank's Russian «Mirror Trades»

A look inside the German bank's controversial «mirror trades» for Russian clients, tracking the bank's former head of Russian equities to Moscow and Bali. – August 22 / New Yorker

How Might A Trump Presidency Impact Silicon Valley?

A closer look at his plans for taxation, immigration, encryption, manufacturing and more. – August 21 / 500 Magazine

Are The Chinese Eyeing Lloyds Bank?

How about this for a great summer sizzler? The U.K. government sells its 9.1 percent in Lloyds Banking Group within the stated schedule of 2016–17, coinciding with the departure of Antonio Horta Osorio for pastures new. – August 18 / International Financing Review

The Most Important Moment In A Rich Kid’s Life

Families have many pivotal moments—graduations, weddings or watching one’s own child become a parent may be among them, where legacies and traditions are passed down and shared with the next generation. The day financial responsibility is bestowed upon an heir is typically not included in such a list. – August 15 / WealthManagement.com

Britain Has Become the World’s Cheapest Luxury Market

According to Exane BNP Paribas head of luxury goods Luca Solca’s latest research, the weakening pound appears to be helping in the sustenance of British luxury labels, for now, as Britain quickly became the world’s cheapest luxury market. – August 15 / Live Trading News

How Fictional Tales of Women on Wall Street Shed Light on Reality

The film, alongside novels such as Maureen Sherry’s Opening Belle, underscore the industry’s rampant sexism. Let’s hope these stories lead to a real discussion. – August 14 / The Guardian

Bilateral Trade and Investment Flourish Between Singapore and Hong Kong

The Lion City and Hong Kong are more alike than they are different, and bilateral trade and investment continues to flourish. Both hubs are well placed to take advantage of the economic giant that is mainland China. – August 8 / South China Morning Post 

Barclays Rolls Out Voice Biometrics For Phone Banking

Barclays is ditching passwords in favour of voice biometrics technology at its call centres, meaning that customers will be authenticated when they start talking. – August 5 / Finextra

Pokémon Go Launches in Singapore But Good Luck Winning a Gym Without Cheating

Pokémon Go's only been in Singapore for half a day, but cheaters are already ruining the experience for everyone. The record-breaking mobile game finally hit the city state on Saturday after players waited a month since the game's debut in North America and Australia. – August 5 / Mashable

The Private Banking of New Zealand's Wealthiest

Helicopter rides and late night trips to the airport or hotels are all part of the job for those who look after the money of New Zealand's wealthy. Private Banking is growing in New Zealand. – August 5 / New Zealand Herald

Top Ten Reads For The Summer Holidays

Summer is just the greatest time to catch up on the many reading opportunities that have passed us by in a busy year of drama and challenge, writes Penny Lovell. Here is her selection. – August 1 / eubankers.net

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