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.

The warped economics of insuring climate destruction

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

There's 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

A sign advertising payment services by Visa Inc. and Mastercard Inc. in the window of a store inside the GUM luxury department store in Moscow, Russia, on Wednesday, Feb. 23, 2022. U.S. President Joe Biden's debut set of sanctions on Russia for its actions over disputed Ukrainian territory hit markets with a whimper and were quickly criticized as limited in scope. Photographer: Andrey Rudakov/Bloomberg##########kelvisa##########
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