Shortly after Silicon Valley bank was shut by US regulators, e-money firm Revolut prevented a UK start-up from making a large cash withdrawal, the start-up firm’s venture capital (VC) backer […]
Got funds on your Revolut card? If you do, you may wish to know what do the firm’s recent accounting problems say about the safety of its clients’ money. Read […]
Sanctions imposed on Russia after its invasion of Ukraine have caused London, the world’s major bullion trading market, to shrink. According to the London Bullion Market Association (LBMA), gold held […]
Since the coronavirus pandemic, many of us have switched from paying by cash to paying almost exclusively by card or digital wallet. My guest on the latest New Money Review […]
Payment cards linked to cryptocurrencies are booming. But adding a volatile, fraud-ridden new technology (crypto) to a rickety old one (card payment networks) risks all kinds of new problems. By […]
The initial reaction from traditional financial markets to the sudden bankruptcy of cryptocurrency exchange FTX was dismissive. But could high-frequency trading (HFT) firms be the vector for contagion from crypto […]
There are periods in human history when money and foreign policy converge—and this is one of them, says Paul Tucker, my guest on the latest New Money Review podcast. Tucker, […]
Money theorist David Birch thinks we will all live in a world of multiple competing currencies. And communities, says Birch, will be one of the five main future issuers of […]
By keeping interest rates near zero for over a decade, central banks have created profound economic insecurity and financial fragility. That’s the argument of financial historian Edward Chancellor, guest on […]
Two events in the last fifteen years have fundamentally altered the way the financial system operates—and neither was planned by global policymakers. The great crash of 2008 stopped banks from […]