and i think you should be because it's been announced by refinitiv one of the big global agencies that out our credit worthiness . it's been announced worthiness. it's been announced that refinitiv will now work with banks in this country to monitor the social media posts of its customers . and now with of its customers. and now with al and various technology, they ai and various technology, they can measure every facebook post you put out . if you're a client you put out. if you're a client of one of our banks. and if you don't align to their so—called values and views, well , you values and views, well, you could be for the chop to one piece of good news that i think has come out of this is andrew griffith , a conservative member griffith, a conservative member of parliament for arundel and south downs and who currently holds the government post of economic secretary to the treasury , and he is the city treasury, and he is the city minister and he has said there will be progress on reforms to banking rules in the coming weeks aimed squarely at this issue. well thank you very much ind

, one of that said refinitiv, one of those big agencies that i referred to earlier, refinitiv will be, on behalf of the will be able, on behalf of the banks, to put in all the bank accounts and names they've got and monitor social media. just think , if you were to say think, if you were to say something on facebook that somehow did not accord with the bank's so—called values , you too bank's so—called values, you too could find yourself closed down. and if we're not careful, if we don't fight back, we're going to finish up with a chinese style social credit system. and that is why i'm going public on this . i'm not just doing it for me. if they can come for me, believe me , they can come for you . now, me, they can come for you. now, change of gear. 25 years ago, tony blair said 50% of young people should go to university city. we all thought it sounded utterly ridiculous when i left school , i2% of people went to school, i2% of people went to university and i wouldn't for one moment say that university is an ideal for certain people who've got high academic skills or a training for

and i think you should be because it's been announced by refinitiv one of the big global agencies thatut our credit worthiness . it's been announced worthiness. it's been announced that refinitiv will now work with banks in this country to monitor the social media posts of its customers . and now with of its customers. and now with al and various technology, they ai and various technology, they can measure every facebook post you put out . if you're a client you put out. if you're a client of one of our banks. and if you don't align to their so—called values and views, well , you values and views, well, you could be for the chop to one piece of good news that i think has come out of this is andrew griffith , a conservative member griffith, a conservative member of parliament for arundel and south downs and who currently holds the government post of economic secretary to the treasury , and he is the city treasury, and he is the city minister and he has said there will be progress on reforms to banking rules in the coming weeks aimed squarely at this issue. well thank you very much indee

, one of that said refinitiv, one of those big agencies that i referred to earlier, refinitiv will be, on behalf of the will be able, on behalf of the banks, to put in all the bank accounts and names they've got and monitor social media. just think , if you were to say think, if you were to say something on facebook that somehow did not accord with the bank's so—called values , you too bank's so—called values, you too could find yourself closed down. and if we're not careful, if we don't fight back, we're going to finish up with a chinese style social credit system. and that is why i'm going public on this . i'm not just doing it for me. if they can come for me, believe me, they can come for you . now, me, they can come for you. now, change of gear. 25 years ago, tony blair said 50% of young people should go to university city. we all thought it sounded utterly ridiculous when i left school , i2% of people went to school, i2% of people went to university and i wouldn't for one moment say that university is an ideal for certain people who've got high academic skills or a training for c

conflict with this second question first, there was an article in the times on monday that said refinitival credit rating agency as 49 of the 50 top world's banks use it. >> so any of you apply for a new bank account, they will check with you haven't with refinitiv that you haven't left behind a £20 million debt in or something in kuala lumpur or something like. why they do it. like. so we get why they do it. but idea that they are now but the idea that they are now going and times said going to and the times said this, they're now going to work with uk banks to monitor social media individual with uk banks to monitor social media you individual with uk banks to monitor social media you know,iual with uk banks to monitor social media you know, that points customers. you know, that points to a really dystopian, worrying, scary but stephen, the scary future. but stephen, the fight back has begun right? and . i on your first point, look , i . i on your first point, look, i worked i worked in the financial services industry for many, many years. metals was the part of it that i was in. i can

conflict with this second question first, there was an article in the times on monday that said refinitivhe big global credit rating agency as 49 of the 50 top world's banks use it. >> so any of you apply for a new bank account, they will check with you haven't with refinitiv that you haven't left behind a £20 million debt in something in kuala lumpur or something like. get why they do it. like. so we get why they do it. but idea that they are now but the idea that they are now going the times said going to and the times said this, they're now going to work with uk banks to monitor social media individual with uk banks to monitor social media you individual with uk banks to monitor social media you know,iual with uk banks to monitor social media you know, that points customers. you know, that points to a really dystopian, worrying, scary but stephen, the scary future. but stephen, the fight back has begun right? and . i on your first point, look , i . i on your first point, look, i worked i worked in the financial services industry for many, many years. metals was the part of it that i wa

expectations with low for the earnings season with analysts from refinitiv forecasting a 4% drop fromhe sa&p 500 companies philipi is joining us now. this is one where the banks say we reap the benefits for some time now, is this the last chance for them to make the higher rates >> yes, good morning we are nearing the peak in the net interest income. we see jpmorgan chase and citigroup announcing full year higher net interest income i think as the fed naturally slows down the pace of hikes and perhaps some people in the marketplace in july say this is the last time we need to see and that net interest income will eventually plateau and we peak for the cycle. >> they worked on tightening lending requirements loan losses are bound to increase in the period are we expecting those to really be achilles heel this time around the banks would have looked at the capital requirements which have been in place now and thought we can't do much more than we have been doing this year >> yeah, in some sectors because it is in every day's papers of the market with lending. think more than a year with

and patrick, refinitiv patrick, here's why. refinitiv who who who? one of the big who won? who who?s on there. all of our names are on there. where names are on there. that's where banks to get credit checks to banks go to get credit checks to find leave a bad find out, did we leave a bad debt a foreign country or debt in a foreign country or something i get something like that. so i get why they're there. they are now working uk banks , so working with uk banks, so they'll able very shortly to they'll be able very shortly to monitor social media posts monitor the social media posts of people with individual bank accounts. >> but why? for what gain? >> but why? for what gain? >> because it seems that the banking world and certainly what we're talking about here is natwest. coutts is part of the same group as the mega natwest with their 19 million customers. the new boss of natwest. i'm alison rose has decided that the bank's main priorities are fighting climate change and campaigning for lgbt rights. quite what any of this has to do with banking, i have no idea. so they've become hu