Our biggest stories of the past week are ...
It's holiday time!
The Finanser is now off on holidays until January 3rd, and wishes all of our
readers the very best for the holiday season. Thinking about 2013, here's our
message for the New Year ...
Were
Skinner's 2012 predictions right?
At the start of the
year, I always make a few predictions about what will happen in the following
year. Watch this blog in January for 2013’s predictions. But what were the
predictions for 2012? Well Economically, I made the...
2012:
little to celebrate in the City
As we’re in the
final countdown to the end of year celebrations, it’s a good moment to reflect
on what’s happened in 2012 in banking. If 2010, the mantra was all about
banker’s bonuses, bank governance and bank risk; and...
2012:
the hot money went into America
So what’s the year
been like from an investment view? Hmmm, well at the start of the year everyone
said invest in America and, looking at the returns from the US markets, they
may well have been right: Closing prices...
2012:
Technologies create the Perfect Storm
The #1 buzz phrase
that everyone has grown to hate (especially Ron Shevlin) is Big Data. Sure, you
may hate it, but it is still pretty important, as I blogged a wee while ago. A
second area that has become...
The major general news stories of the past week include ...
Banker
'sacked for being too successful' could be in line for £11?million payout
- The Telegraph
A banker who claimed that he was dismissed for being "too successful"
could be awarded an £11?million payout after winning a five-year battle against
his former employer.
UBS
Libor emails: 'I'll pay you $50,000, $100,000 ... whatever you want' to rig
rate, trader told broker - The Telegraph
UBS traders conspired with brokers to manipulate Libor and discussed their
efforts in a series of emails revealed in the Financial Services Authority's
final notice to the Swiss bank.
Understanding
Libor - Financial Times
What is the London interbank offered rate and how did things go wrong? An explanation
of Libor and its role in the banking system
2012
in charts: The long road to recovery - Economist
The Economist's year in nine charts 1 2 3 4 5 6 7 8 9 ...
Hectors
Sants' £3m pay package is a mistake, warns Lord Myners - The Telegraph
Barclays has "made a big mistake" in offering its new compliance
officer, Hector Sants, a pay package reportedly worth as much as £3m, Lord
Myners has warned.
RBS
to payout £10m to customers - The Telegraph
Banks to repay customers who forgot to take money from cash machine.
Crowdfunding
could revolutionise lending, says Andrew Haldane - The Telegraph
New sources of finance such as crowdfunding could challenge the dominance of
major banks, according to a Bank of England senior director.
'Mis-selling'
fears over packaged bank accounts - The Independent
The "no win, no fee" industry is gearing up for a new year assault on
Britain's banks over the sale of packaged bank accounts.
Coming
to Britain - plastic banknotes - The Telegraph
The Bank of England is preparing to introduce plastic banknotes as part of its
new £1bn tender to produce sterling from as early as 2015.
Peer-to-peer
lending boom could make banks obsolete - The Independent
The days of the banking middlemen may be numbered as a technological revolution
in business lending shakes the dominance of the UK's biggest banks, a senior
director of the Bank of England has said.
If you like the Finanser, check out the books of the blog: the Complete Banker Series
The Financial Services Club is sponsored by:
For details of sponsorship email us.
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...
