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Monthly Archives: May 2012

Things worth reading: 23rd May 2012

Things we're reading today include: Facebook float hits more problemsBBC Zuckerberg loses friends on Wall Street as regulators probe $19bn slumpThe Independent Morgan Stanley subpoenaed over Facebook IPOFinancial Times   JP Morgan loss 'flags up' transatlantic trade risksThe Telegraph Troubleshooter in running to succeed DimonFinancial Times   Zynga and American …

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Things worth reading: 22nd May 2012

Things we're reading today include … IIF: Spain's bank losses could hit €260bnThe Telegraph Eurozone crisis 'hits mortgages'BBC VIDEO: Will Greece return to the drachma?BBC Posen: Greece is not the issue, it's banksThe Independent   Double trouble at JP Morgan: trader's losses could exceed $7bnThe Independent  JPMorgan suspends $15bn shareholder …

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Things worth reading: 21st May 2012

Things we're reading today include … Spain will ask for bailout soon, top financier warnsThe Independent What next if Greece quits the euro?BBC HSBC's Greek branches ready for drachmaThe Independent European pain likely to trouble VodafoneThe Independent Funds’ €60bn to buy European bank debtFinancial Times Cracks are appearing in Europe's …

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European leaders agree wording for Greece deal

As we approach euro meltdown (join our webinar with GTNews on Tuesday for more on this), I thought it might be worth listening in to the videocall that took place between Italian Prime Minister Mario Monti, French President Francois Hollande, German Chancellor Angela Merkel, British Prime Minister David Cameron and European …

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Things worth reading: 18th May 2012

Things we're reading today include … Fears push up Spain borrowing costs The Independent Europe rocked by Spanish banking crisisThe Independent VIDEO: Spanish banks face credit ratings cutBBC Santander: is my bank account safe?The Telegraph Greek exit fears hit bond marketsThe Independent Greece and the euro: Exodus, chapter 1The Economist …

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Things worth reading: 17th May 2012

Things we're reading today include … Sir Mervyn King: the eurozone is tearing itself apartThe Telegraph We risk being shut out of financial markets, warns Spanish PMThe Independent Euro at four-month low on GreeceBBC VIDEO: Greeks withdraw millions from banksBBC Markets uneasy as Greeks empty €800m in savings from banksThe …

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Mobile carriers are just banks


We talk a lot about the threat of mobile carriers and telecom firms moving into banking and eating our lunch.  We cite examples such as NTT DoCoMo buying a credit card firm or Safaricom becoming the biggest financial transactor in Kenya, and what that will mean to banking in the …

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Things worth reading: 16th May 2012

Things we're reading today include … Jamie Dimon passes shareholder vote on JP Morgan roleThe Telegraph JPMorgan Chase's CEO Jamie Dimon survives shareholder pushThe Independent JP Morgan executive to walk away with millions following trading lossThe Telegraph JPMorgan loss exposes derivatives dangersFinancial Times FBI opens investigation into JPMorgan lossesThe Independent …

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The multibranded bank

Having made the claim many times that banks are not great at multichannel but excel in a single channel, I got into an interesting debate last night with the CEO of one UK bank. He was asking whether branch-based banking had a future. I said branches have a limited future, …

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