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Monthly Archives: July 2011

In the bleak mid-summer

It seems like a long bleak summer in the financial markets, as banks are reporting dire results.  It’s a combination of investment banking in the second quarter suffering serious damage across all fixed income desks, along with the Eurozone and American debt crises. There is no certainty in such times. …

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Things worth reading: 25th July 2011

Things we're reading today include … Lloyds Banking Group weighs up its options after branch sell-off flopsThe Telegraph 'Only two bids for Lloyds branches'The Independent A year of Dodd-FrankFinancial Times Eurozone's bailout of Greece sparks fears of worse to comeThe Independent Deep cost cuts loom at Europe's investment banksFinancial Times …

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Things worth reading: 25th July 2011

Things we're reading today include … Lloyds Banking Group weighs up its options after branch sell-off flopsThe Telegraph 'Only two bids for Lloyds branches'The Independent A year of Dodd-FrankFinancial Times Eurozone's bailout of Greece sparks fears of worse to comeThe Independent Deep cost cuts loom at Europe's investment banksFinancial Times …

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Things worth reading: 22nd July 2011

Things we're reading today include … City watchdog reveals inquiry into collapse of HBOSThe Independent MPs angered by FSA's 'unacceptable' responseThe Independent   Former hedge fund insider jailedBBC Willis fined over bribery failureBBC Morgan Stanley powers past Goldman SachsThe Independent   Banks forced to share pain of bailout for GreeceThe …

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Things worth reading: 22nd July 2011

Things we're reading today include … City watchdog reveals inquiry into collapse of HBOSThe Independent MPs angered by FSA's 'unacceptable' responseThe Independent   Former hedge fund insider jailedBBC Willis fined over bribery failureBBC Morgan Stanley powers past Goldman SachsThe Independent   Banks forced to share pain of bailout for GreeceThe …

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The biggest opportunity for global banks

Asking the Asian audience here about their views on innovation proved interesting. For example, defining innovation as complete renewal and transformation, rather than incremental improvement, led me to the assertion that to be innovative you must have the mandate of the business owner, CEO ore equivalent. So, we posed that …

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Things worth reading: 21st July 2011

Things we're reading today include … Britain's financial services sector paid out £14bn in bonusThe Telegraph   ICB submissions: what the banks saidThe Telegraph Banking sector reforms plan 'unclear'The Independent Banking reforms riddled with holes, MPs complainThe Independent Banks cannot argue 'behind closed doors' – MPsThe Telegraph    UK banks …

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Playing ping-pong with bank’s yachts

After my note the other day about the thoughts of folks in transaction banking,  followed by the results of the US banks that shows a big slowdown in equities, fixed income and commodity trading, it struck me that like a double-dip recession we are now in a ping-pong interregnum. What …

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Things worth reading: 20th July 2011

Things we're reading today include … Bank of America Reports 2Q2011 Financial Results Payments News Goldman Sachs disappoints, pay pool shrinks to $8.4bnThe Telegraph American Express Launches “Link, Like, Love” App on Facebook Payments News Credit union lawsuits against RBS top $1bnThe Independent City pays £14bn bonuses despite Project MerlinThe Independent Audit …

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Things worth reading: 19th July 2011

Things we're reading today include … Reform will delay Lloyds and RBS sales, says UKFIThe Independent Ditching the Euro Not an Option for the GreeksBusiness Week UK banks hit 12-month lows following European stress testsThe Telegraph Stress Tests Missing Sovereign Default Fail to ConvinceBusiness Week Gold reaches record high as …

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Shocker: Skinner thinks EBA stress tests not worthwhile

In my usual quiet way, I was interviewed by Bloomberg last Thursday in anticipation of the European Banking Authority (EBA), previously the Committee of European Bank Supervisors (CEBS), about the forthcoming stress tests released on Friday. Last year, these tests were quite laughable and this year I expected more of …

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Things worth reading: 18th July 2011

Things we're reading today include … UK financial services will never regain pre-crisis power, says The Office for Budget ResponsibilityThe Telegraph Europe's bank stress tests as bad as 1979 Irish driving testThe Telegraph Credit rating agencies face attack from House of LordsThe Telegraph European Banking Authority was hobbled over stress …

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