The biggest news stories of the week include:
The Financial Crisis and America’s Casino Culture (New York Times)
EU unveils new 'super-regulators'
EU brings financial supervision reform to G20 (Euractiv)
Lord Turner keeps heat on bankers with further attack
HSBC chairman Stephen Green pushes for banking reform despite economic recovery (Telegraph)
Exchanges warn G20 of dangers in ‘dark pools’
RBS 'not a toxic brand' says boss
And our key stories of the week include:
Director magazine has a fantastic case study all about First Direct. First Direct is regularly voted the UK's #1 bank and many people have no idea why. Here's why ...
Just noticed that the Federal Deposit Insurance Corporation (FDIC) closed down their 93rd and 94th banks
in the USA this weekend. Who will be the 99th we wonder?
I was asked to write about innovation in payments last week,
and so here’s the first of three parts. The first part will focus upon
retail payments innovation; the second, corporate payments; and the
third, trade settlement.
I've noticed that the new ads for mobile telephone firm O2 have started for their new Visa cards, “Powered by NatWest”. Nice ads and I wonder where this could lead.
I was asked to comment on Lord Turner’s speech today, which he made at the Mansion House last night. Reading
through the transcript of the speech, it is clear that he is announcing
the new regulatory drive in anticipation of the agreements to be
announced this week by the G20. The speech can be summarised as follows ...
NO. I was going to leave it at that but ok, I guess I better explain.
The G20 is here.
No more G7 or G8.
Twenty of them now. All huddled together working out what to do with the banking system. What to do, what to do. Well, here's what happened.
Who would have thought that the desperate times we live in could create
imaginative new art forms ... but that’s exactly what the crisis did
for one PR person in New York.
If you had a really bad experience with Vista, then it's time to cheer up as Windows 7 is coming on 22nd October.
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...