Retail Banking Academy news roundup – 24/04/2017

UK watchdog warns against scrapping US rules for failing lenders

“Global regulatory co-operation would be threatened if the US dismantled its regime for failing banks, the UK financial watchdog has warned as the Trump administration takes aim at “too big to fail” lenders.”

Masterpass-Enabled Bots Launch on Messenger with FreshDirect, Subway and The Cheesecake Factory

“Today at the Facebook Developer Conference, Mastercard announced Masterpass-enabled bots to drive more seamless shopping on Facebook Messenger with FreshDirect®, Subway® and The Cheesecake Factory®.”

Deutsche Bank Is First Bank Busted for Breaking Volcker Rule

“Deutsche Bank AG was hit with the Federal Reserve’s first major fine for failing to ensure traders abide by the Volcker Rule’s ban on risky market bets — and will also pay even more for letting currency desks chat online with competitors, allegedly revealing positions.

Lafferty Daily Briefing – 24th April 2017

“A rise in regional trade in Asia is proving helpful to HSBC and Standard Chartered. ‘Both Standard Chartered and HSBC have approximately 30-40 per cent of revenues geared towards transaction banking.'”


The Retail Banking Academy is the only international training academy that offers qualifications exclusively dedicated to the best practice principles in retail banking from the practitioner’s point of view. We are committed to making the Certified Retail Banker qualification (CRB) the recognised industry standard by making it possible for ambitious retail bankers worldwide to embark on a structured programme that sets the highest standards of ethics, education and customer-oriented retail banking excellence.

Retail Banking Academy news roundup – 10/04/2017

Barclays chief Jes Staley censured for bid to identify whistleblower

“Barclays chief executive Jes Staley, who has publicly pushed for the highest ethical standards at his bank, is facing major sanctions from UK regulators and a “very significant” pay cut for trying to uncover the identity of a whistleblower who raised concerns about a former colleague Mr Staley hired.”

An Inconvenient Apple Pay Truth

“Despite being the most adopted general purpose instore mobile wallet in the market, our research over the last 2.5 years suggests that Apple Pay isn’t used much.”

Wells Fargo to Claw Back $75 Million From Former Executives

“In a scathing 113-page report that made it clear that all the warning signs of the problem had been glaring, the board released the results of its six-month investigation into the conditions and culture that prompted thousands of Wells Fargo employees to create fraudulent accounts in an effort to meet aggressive sales goals.

Lafferty Daily Briefing – 7th April 2017

“Singapore will continue to push innovation in payments, with the latest scheme backing a Central Addressing System for the collection of mobile numbers for e-payments. The government hopes that this will eventually lead to drop in merchant charges and bring more small businesses into the payment acceptance infrastructure.”


The Retail Banking Academy is the only international training academy that offers qualifications exclusively dedicated to the best practice principles in retail banking from the practitioner’s point of view. We are committed to making the Certified Retail Banker qualification (CRB) the recognised industry standard by making it possible for ambitious retail bankers worldwide to embark on a structured programme that sets the highest standards of ethics, education and customer-oriented retail banking excellence.