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Desperately Seeking Sultan

I’ve spent the last few weeks wondering about the fallout from the
Lehman Brothers collapse and the onward losses in the stock markets.

With $2.5 trillion of losses estimated by the Bank of England amongst
the banking community, and over $3 trillion pumped into the system so
far, you do wonder about the long-term.

However, what everyone seems to forget is that for every loser, there’s a winner.

For every bank whose Tier 1 Capital is being raped and pillaged,
there’s a hedge fund manager somewhere making a mint. For every Credit
Default that’s Swapped, the Swapper is laughing whilst the Swappee is

Therefore, this disaster of Q4 2008 is going to result in some
interesting anomalies in 2009 and 2010, particularly from a technology
spend viewpoint.

Read more …

About Chris M Skinner

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...

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