The biggest news stories of the week include ...
- Pan-Euro regulatory body is imminent - Financial Times
- MEPs approve tough new curbs on the City's bonus
culture - The Independent - European regulators lists 91 banks for stress tests
- The Telegraph - US to access Europeans' bank data - BBC
And our biggest stories of the week are ...
UK Bank Stats: a fascinating portrait of life
I just got a copy of the BBA’s Annual Abstract of Banking Statistics. Fascinating
stuff, and the data shows a real insight into the way we are living our
lives. For example, every
ten minutes 35,000 people use the internet to check their bank account balance
or statement on-line ...
Following on from yesterday's number - UK Bank Stats: a fascinating portrait of
life -I was sent another report today from TheCityUK, the trade body
that promotes the interests of the City of London.There’s loads of
numbers in this document that are useful, which I will post in a few
separate blog entries starting with the payments and retail banking
figures.
More Banking Statistics: Home Ownership
Following on from the comments on UK Bank Stats from the BBA, and the report from TheCityUK,
here's a few more statistics focused upon home ownership.
I’ve just received this month’s Banker magazine which
details the Top 1000 Banks of the World, with Bank of America coming in
at Number One and JP Morgan Chase at Number Two. Using my own data bank - old Banker magazines - I quickly took a
snapshot of a few useful year’s to see how things have changed in
the Top 20 listing between 1994 and 2010, with a few surprising
conclusions.
Many interesting, weird and wonderful things drop into my inbox.
Take yesterday where I was sent: a copy of the
BBA’s Annual Abstract of Banking Statistics; a note from FatBoy Slim, who is an England groupie at the World Cup,
and a solution for the issues Apple iPhone4 users are having with signal
loss. I am also getting lots of emails from bank economists with the title
generally being: THINK THE UNTHINKABLE.
The one that really grabbed my attention was from ING, looking at
what will happen if the Eurozone collapses.
No one could have missed the markets flash drop on 6th May, when US
markets fell into a trillion dollar freefall. The result is that the SEC
is bringing in rules that will stop a freefall by freezing any equity
whose price moves more than 10 per cent in any five minute period. This
may deal with the issue but does it deal with the cause? I don't
think so.
For some time now, I’ve been meaning to blog about the big issue
bubbling away over access to SWIFT messages being demanded by the US
authorities for anti-terrorism purposes and blocked by the European
Parliament over privacy concerns. The whole thing is best illustrated by this recording of a debate
between Frank Gaffney, a lobbyist for US Security, and Baroness Sarah
Ludford, MEP, on the BBC’s Radio 4 programme “The World This Weekend”.
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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...
