Patrick Jenkins

FT

An aerial view of Isla Pugad in the Philippines' Bulacan province to the north of Manila. Sea levels in the archipelago are rising three times faster than the global average of 3.6 mm a year. Meanwhile, sectoral groups are dialling back on their previously declared net-zero ambitions.

The warped economics of insuring climate destruction

The insurance industry is exposing itself to steepening losses on natural catastrophe cover

There has been a resurgence of interest in Bitcoin of late, never mind that crypto’s effectiveness as a reliable payment system is unproven (beyond black-market purchases or the funding of terrorists).
THE BOTTOM LINE

Why crypto is a poor relation of digital payments

Real-world use will still be the main driver of growth

Thin net interest margins are a key driver of lower profits, which in turn make banks less attractive to investors.
THE BOTTOM LINE

Why it’s dangerous to assume banks are profiteering

A minimally profitable banking system is unlikely to prove convincingly robust

The takeover of First Republic is reminiscent of two larger crisis-triggered rescue deals from 2008 when policymakers worked with Jamie Dimon.
THE BOTTOM LINE

The fast-growing kingdom of Jamie Dimon

The question now is whether JPMorgan is too big for its own good

Against the backdrop of an acceleration in digital payments, the legacy operators in the payments world -- the big credit card players -- are thriving.
THE BOTTOM LINE

Why Visa and Mastercard have yet to face their Kodak moment

The fintech disrupters of the payments sector are no such thing