The biggest news stories of the week include …
- Economic powers move closer to global bank tax – The Telegraph
- We're drinking our way out of recession, says Diageo – The Independent
- PayPal suspends some business in India – Financial Times
- Barack Obama 'doesn't begrudge' bankers their million-dollar bonuses – The Telegraph
- FSA chief Hector Sants quits – The Independent
- Barclays' head says Obama plans are 'irrelevant' – The Independent
- Call for 'Robin Hood tax' on banking transactions – The Independent
- EU vote deals blow to US terror data deal – Financial Times
And our biggest stories of the week are …
been at another fascinating conference on trading and low latency in
the capital markets, and thought you
might be interested in these stats from Karel Lanoo, CEO of CEPS comparing the London Stock Exchange (LSE’s) trading and volumes before and after MiFID.
One of the excellent presentations delivered at the trading
technologies conference I chaired this week was given by Steve Rubinow,
EVP and CIO at NYSE Euronext. Steve talked about how most latency
lies in the infrastructure and that the fastest recorded execution
venues are transacting
4,000 events per second … that's fast! But how fast can it go?
As many readers know, I've disliked Chip & PIN pretty much since it was launched, as there are better solutions out there. Now a group of Cambridge University academics have cracked Chip & PIN and proven it doesn't work. Or have they?
If you haven't seen it yet, here's Richard Curtis's short clip with Bill Nighy for the Robin Hood Tax campaign on banks, it's well worth a look. But Goldman Sachs rigging of the vote is definitely underhand.
I've just received the magazine announcing the winners of this year's Card Awards, and the envelope openings went to …
found a report from this year’s Davos that explores the forces that are
shaping the future of the financial services landscape in the near
term, and provides recommendations to deal with the most pressing challenges of
the post-crisis world. You can download the report here.
Interesting article in this week’s Marketing Magazine about mobile marketing which breaks open a few myths that even the delusional Finanser believed.
It’s been fascinating to watch the rollercoaster of the finance
industry over the past two years, with no bank providing a better testament to
the market’s ups and downs than the Swiss Bank UBS. So what did their announcement of $1.1 billion profits mean?
We had a great debate at the FSClub the other day, with the provocative
title: “this house believes that SEPA (the Single Euro Payments
Area) does matter”. The evening was chaired by Bob Lyddon with Gilbert Lichter, CEO of the Euro Banking
Fred Bär, Managing Director for Euro Services at Vocalink; Paul
Smee, Chief Executive of the UK Payments Council; and Simon Bailey of Logica. Was the vote for or against the motion?
I cannot believe it! SuperBowl used to be a great American tradition with Visa,
MasterCard and a variety of other financial firms champing at the bit
to get a bit of attention.
Now, in these austere times of banks avoiding advertising, not a
single bank or firm in these markets fezzed up the $3 million for a
30-second slot. According to the Wall Street Journal’s blog, this year’s advertisers were …
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