Banks are About to Change

There's a lot going on behind the scenes when it comes to the entire banking industry. Some banks won't lend to companies not aligned with the Paris Agreement. Staff are getting cut from Mastercard. Is the technology changing behind the scenes?

Show notes:

Commonwealth Bank stops lending to fossil fuel companies without genuine emissions plan
https://www.abc.net.au/news/2024-08-17/cba-stops-lending-to-climate-culprits/104219812

Mastercard plans to cut 3% of staff worldwide amid overhaul
https://gulfnews.com/business/banking/mastercard-plans-to-cut-3-of-staff-worldwide-amid-overhaul-1.1723831929767

Liz Truss on banking - Telegram - The Yorkshire Lass Forwarded from Mark Reynolds

159 Countries Set to Adopt BRICS New Payment System — reports
Amid the alliance’s continued efforts to create a SWIFT alternative, the economic alliance has sought to create its very own BRICS payment system. It will play a major role in the alliance trade dealings, and limiting the need for the dollar.
The move is poised to be vital for the bloc and participating nations, and it appears there will be 159 countries seeking to adopt the system currently. With a potential launch coming in October.

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