Editor's letter: your weekly digest
As Bitcoin's price surges past $100,000, two economists at the European Central Bank have denied publishing a paper advocating for a Bitcoin ban or tax — though they did say “the world would be better off without it.” In other news, we have an exclusive story on the French subsidiary of the National Bank of Kuwait while former Barclays Bank boss Bob Diamond peers into his crystal ball and predicts a wave of M&A in the US banking sector.
Kuwaiti bank NBK stung by claims of cover-ups, rotten culture and risky deals. Deep dive: Ellesheva Kissin. Read more
Former Barclays boss predicts US banks will shrink from 4,500 to 1,000. FT Live Global Banking Summit: John Crowley. Read more
Jailbreaking and developing “narrow AI” tech to build good governance. Q&A: Natasha Teja
“World would be better off without BTC”. News: Yusuph Choudhury. Read more
It’s unclear who is accountable when things go wrong, says Michael Hsu. FT Live Global Banking Summit: John Crowley. Read more
Approvals backlog brews frustration. Analysis: Frances Coppola. Read more
AML spend hits $206bn yet fewer criminal assets are being confiscated. Research: Giovanni Legorano. Read more
But Trump’s deregulation push may boost their ratings. Analysis: Barbara Pianese and Francesca Washtell. Read more
Farah Khalique
Editor, Banking Risk & Regulation
CBDC's are the Future!