Ravenous investors are devouring fintech’s IPO scraps. Financial software group Alfa is floating in the biggest UK offering this year by company value. The pricing looked rich to start with, but investors have bid it up even higher. Blame a general lack of big listings, especially for the technologically-enthused. Alfa is worlds apart from most of the racy fintech companies taking on the banks, like peer-to-peer lenders Zopa and RateSetter. Founded in 1990, it sells software to companies like Bank of America, Barclays and Mercedes-Benz to manage asset-financing agreements. If that sounds dull, the stock’s performance on Friday was anything

Two top bankers can’t agree on whether lenders are too big to fail. JPMorgan boss Jamie Dimon reckons the problem is solved. Fed banker Neel Kashkari disagrees, because using debt to absorb losses is flawed. Markets suggest Dimon is closer to the mark. Dimon argues that banks will not need rescuing again because they have enough reserves and capital to be wound down. Minneapolis Federal Reserve President Kashkari reckons regulators won’t dare use so-called bail-inable debt anyway.Kashkari has reasons to doubt. The insolvency of Lehman Brothers sent shockwaves through money and credit markets. That forced governments to rescue other lenders. He