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Banks and disintermediation, Part Two

Building on yesterday’s theme, I struggle when people (including myself, I must admit) shout out that banks are going to be disintermediated, I struggle when someone starts shouting out that Google, Facebook or Amazon will replace banks.  I struggle even more when rebels state that bitcoin is the future and down with the capitalists. Maybe…

Facebook ecosystem

Banks and disintermediation, Part Two

Building on yesterday’s theme, I struggle when people (including myself, I must admit) shout out that banks are going to be disintermediated, I struggle when someone starts shouting out that Google, Facebook or Amazon will replace banks.  I struggle even more when rebels state that bitcoin is the future and down with the capitalists. Maybe…

Facebook ecosystem

Banks and disintermediation, Part One

Forrester just produced a report about why Google will not become a bank, but will focus upon leveraging their information services around transactions. It’s an interesting viewpoint and one I agree with. As blogged here regularly, Google is unlikely to ever become a bank.  They would lose too many friends.  But Google will become an…

Banks and disintermediation, Part One

Forrester just produced a report about why Google will not become a bank, but will focus upon leveraging their information services around transactions. It’s an interesting viewpoint and one I agree with. As blogged here regularly, Google is unlikely to ever become a bank.  They would lose too many friends.  But Google will become an…

What would Scottish Independence mean for banking?

It’s the height of summer and most people are out of town, so a time for quiet reflection for those of us left around. In my case, I started reflecting upon Scottish devolution. The vote is not far away now – September 18th – and the arguments rage this way and that. Could there really…

Salmond

What would Scottish Independence mean for banking?

It’s the height of summer and most people are out of town, so a time for quiet reflection for those of us left around. In my case, I started reflecting upon Scottish devolution. The vote is not far away now – September 18th – and the arguments rage this way and that. Could there really…

Salmond

Russian sanctions – are they worth it?

The BBC recently asked me about the impact Russian sanctions would have on the City of London last week, followed up by European CEO, who interviewed me on the subject. My view is that sanctions are no good for anyone. The reason I say sanctions are not good is that it ends up in a tit-for-tat…

Russian sanctions – are they worth it?

The BBC recently asked me about the impact Russian sanctions would have on the City of London last week, followed up by European CEO, who interviewed me on the subject. My view is that sanctions are no good for anyone. The reason I say sanctions are not good is that it ends up in a tit-for-tat…

Technology: taming the risk beast

After outlining the four main buckets of risk that banks have to tame: market, credit, liquidity and operational; the real issue is the bank’s structure. Historically, banks have been built in product silos and hence there is no sense of enterprise risk. The retail and commercial bank secures funding through the investment bank, but none…

Technology: taming the risk beast

After outlining the four main buckets of risk that banks have to tame: market, credit, liquidity and operational; the real issue is the bank’s structure. Historically, banks have been built in product silos and hence there is no sense of enterprise risk. The retail and commercial bank secures funding through the investment bank, but none…

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