The major general news stories of the past week include ...
Barclays
appoints retail boss Jenkins as CEO - Reuters
LONDON (Reuters) - Britain's Barclays on
Thursday named retail boss Antony Jenkins as its new chief executive, handing
an insider the task of helping to repair the damage caused by a rate-rigging
scandal.
New
Barclays head quits NBNK board - The Independent
Sir David Walker, the new chairman of
Barclays, has stepped down from the board of NBNK, the vehicle which tried and
failed to buy 600-plus branches from Lloyds Banking Group.
Virgin
Money boss: free banking is a 'myth' - The Telegraph
Virgin Money boss Jayne-Anne Gadhia
discusses transforming Northern Rock and how she plans to alter the public
perception of British banks.
Banking
revolution planned for high street - The Telegraph
The traditional bank branch and manager
could become a thing of the past under proposals set out by a leading financial
services industry consultant.
Swap
mis-selling staff offered pay worth more than £200,000 a year - The
Telegraph
Banks are offering recruits up to £900 a
day to work on interest rate swap mis-selling claims, which equates to a salary
of more than £200,000 a year.
Deposit
flight from Spanish banks smashes record in July - The Telegraph
Spain has suffered the worst haemorrhaging
of bank deposits since the launch of the euro, losing funds equal to 7pc of its
GDP in a single month during July.
Investment
banks raise starting salaries to attract graduates put off by scandals
- The Telegraph
Investment banks have been forced to raise
starting salaries this summer to attract top graduates amid a student backlash
against banking scandals.
Suicide
of Deloitte partner Daniel Pirron linked to Standard Chartered's Iran scandal - The Telegraph
The family of a senior partner at Deloitte
has called for answers after he apparently committed suicide days after the
auditing firm was linked to the Standard Chartered Iran dollar trades scandal.
Run
on Vietnam's biggest bank highlights threat to economy - The Telegraph
The deliveries of truck loads of money and
queues outside branches of Vietnam's biggest lender, Asia Commercial Bank,
ready to withdraw their cash almost as quickly as stocks were replenished were
an eloquent expression of the fears stalking the county's banking system.
Free
exchange: The geography of poverty - The Economist
WHERE do the world’s poor live? The obvious
answer: in poor countries. But in a recent series of articles Andy Sumner of
Britain’s Institute of Development Studies showed that the obvious answer is
wrong * . Four-fifths of those surviving on less than $2 a day, he found, live
in ...
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Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
