‘It was pure accident’: how Chase UK’s boss went from communist Poland to Wall Street banking … via linguistics
Having left the library behind, the once budding academic talks about building JP Morgan’s UK digital lender from scratch
It all started in spring 2019, in a secret office on the seventh floor of JP Morgan’s London headquarters in Canary Wharf. Tucked behind the bustling staff canteen, at the end of a corridor that snaked past the office gym and in-house doctor, future Chase UK chief executive Kuba Fast was digesting the task ahead of him: helping build a new digital bank – from scratch – for the Wall Street giant.
He had been selected to join the project months earlier by fellow McKinsey alumnus Sanoke Viswanathan, who had been travelling the globe to learn from other successful digital lenders, including Fast’s former employer, Poland’s mBank. JP Morgan gave little detail about its venture, which was then known by its codename, Project Dynamo. But Fast dived headfirst into the blank-slate project. “I agreed to join before knowing where I would live,” Fast says.
Continue reading...-
Santander considers UK exit amid frustrations with high street banking
Spanish group reviewing its presence in the country as returns lag other marketsFinancial Times - 3d -
How the bonus season now unfolds on Wall Street
The past dramas of ‘comp days’ have given way to more sanitised proceduresFinancial Times - 4d -
The graffiti artist who went from New York street to high-end boutique
Futura’s work was once a byword for rebellion — now his work adorns luxury fashion. Is he a sell-out or just a survivor?Financial Times - 5d -
Wall Street banks had a great quarter, and the boom times are just starting
JPMorgan Chase, Goldman Sachs and Morgan Stanley easily topped estimates for the fourth quarter.CNBC - 5d -
Big US banks set for $31bn quarterly profit as Wall Street business booms
Trading activity boosted in final quarter of 2024 by Donald Trump’s election winFinancial Times - Jan. 13 -
Wall Street notches another win as Fed's Barr clears the way for gentler banking regulator
With Barr's resignation, a more precise image of incoming bank deregulation is forming.CNBC - Jan. 7 -
Exodus by Wall Street Banks From Climate Group Worries Advocates
The end of the year saw five of the six largest U.S. banks leave the Net-Zero Banking Alliance, as conservative pressures discouraged their climate change policies.Inc. - Jan. 6 -
Gold set to rally further this year, say Wall Street banks
Yellow metal expected to continue to benefit from buying by global central banksFinancial Times - Jan. 2
More from The Guardian
-
Bishop calls on Trump to ‘have mercy’ on migrants and LGBTQ+ people
Right Rev Mariann Budde’s appeal amounts to bold public criticism and prompts frosty response from US president. In an inaugural prayer service sermon, the Episcopal bishop of Washington appealed ...The Guardian - 6h -
Ukraine war briefing: Ukraine drones hit Russian oil depot; Trump floats fresh Russia sanctions
Ukraine claims strikes on oil depot and aviation plant inside Russia; Trump talks Ukraine negotiations, Russia sanctions and how China should do more to end the war. What we know on day 1,064 . ...The Guardian - 5h -
Qatari, US and Egyptian negotiators set up Cairo hub to shore up Gaza ceasefire
Communication lines open 24 hours intended to avoid breakdown over reported violations and other issues. Qatari, US and Egyptian negotiators are running a communications hub in Cairo to protect the ...The Guardian - 10h -
Men have grown twice as much as women over past century, study shows
Data from dozens of countries reveals height and weight differences between sexes have increased since 1900. Amid the profound changes humanity has witnessed, one might be forgiven for failing to ...The Guardian - 6h -
Brazil fires consumed wilderness area larger than Italy in 2024 – report
New report says more than 30m hectares burned, 79% more than in 2023, after country saw worst drought on record. After enduring its worst drought on record in 2024, Brazil closed the year with ...The Guardian - 3h
More in World
-
Exciting news! The world is on track to have more than 1.5 degrees of warming and five trillionaires | First Dog on the Moon
What a remarkable coincidence . Sign up here to get an email whenever First Dog cartoons are published Get all your needs met at the First Dog shop if what you need is First Dog merchandise ...The Guardian - 50m -
Children facing a ‘happiness recession’ says laureate Frank Cottrell-Boyce
Author will highlight the ‘enormous disadvantage’ handed to children without access to books, and call on government to improve early-years literacy. Children’s laureate Frank Cottrell-Boyce is ...The Guardian - 54m -
How the EU could help stem the flow of illegal product imports
Also in this newsletter: Is sabotage behind Italy’s recent train disruptions?Financial Times - 55m -
In the Trump vortex, Keir Starmer must fight hard and fast to define Britain’s destiny | Rafael Behr
Difficult choices between alignment with Europe and the US are coming at the prime minister fast. He risks losing control of the debate. When all eyes at Westminster are fixed on Washington , it ...The Guardian - 55m -
Lloyd’s Register apologises for its role in trafficking enslaved people from Africa
The maritime group, founded in 1760 by merchants and underwriters, issued the apology after commissioning research into its links to slavery. Lloyd’s Register, the maritime and industrial group ...The Guardian - 55m