Our biggest stories of the week are ...
A major survey of over 17,000 consumers was released last week, showing
who they think are Britain's Best and Worst Banks. Combine this with the
Which Magazine survey of 2009 and BBC research of 2008, and you can
quickly decide who's winning and losing ...
This week is dedicated to assessing the UK's best and worst banks from
four dimensions: Customers, Employees, Investors amd Regulators.
Having looked at the banks from the
customers’ perspective
yesterday, this second part looks at the views of employees.
Britain's Best and Worst Banks for Investors
This week is dedicated to assessing the UK's best and worst banks from
four dimensions: Customers, Employees, Investors and Regulators. Having
looked at the banks from the customers’ perspective
on Monday and employees
on Tuesday, today it’s the turn of the investor.
The Most Unstable Bank in Britain
In this final chapter, we look at how stable Britain's banks are
today.After the European stress tests, most of Britain's banks passed with
flying colours. However, one has a Tier 1 Capital Ratio of just
1.9%, worse than any of the 91 banks tested in the recent EU stress
tests. How does it survive?
And the best bank in Britain is ...
Friend of the Club and Business Correspondent with the Economist,
David Shirreff, has recently written the words to a comedic romp around
the financial crisis called "Broke Britannia: the Musical".
After the PSD and SEPA, has anything changed?
Last year, we performed a major survey in anticipation of the
implementation of the PSD and SEPA Direct Debits, to see how the world
viewed these areas.This year, we're doing it again. Click here to take survey.
The major general news stories of the week include ...
Bank of Scotland (Ireland) to close down - The Independent
Bank of Scotland (Ireland) is to shut down, it confirmed today.
RBS fights to stop small business contracts transferring to Santander - The Telegraph
Royal Bank of Scotland is fighting to retain lucrative service contracts with its 250,000 small business customers that are due to transfer to Santander under a £1.65bn European Commission-brokered deal.
FTEN wins patent for real-time risk management - Financial Times
Award comes as regulators grapple with solutions to market fragmentation and the effects of 'high-frequency' trading
Cost of winding up Lehman Brothers now close to $1bn - The Telegraph
The cost of winding up failed US bank Lehman Brothers is close to hitting $1bn after advisers working on the bankruptcy clocked up another $44.5m in fees last month.
Barclays pays $298m over US sanctions violations - The Independent
Barclays bank has agreed to pay a settlement of $298m (£190m) after it violated US sanctions in transactions conducted with Cuba, Iran, Libya, Sudan and Myanmar.
US judge slams Barclays settlement - The Telegraph
The
near $300m (£192m) settlement between Barclays and the US authorities
for violating sanctions has been criticised by a federal judge looking
at the deal.
HSBC to review London HQ as Osborne's levy hits banks - The Independent
London-based HSBC is to review the long-term location of its headquarters next year, in a move that will spook the coalition, which is sensitive that its proposed banking levy has infuriated the industry.
NatWest banker claims he was 'tortured' into pleading guilty over theft of $7.3m from RBS - The Telegraph
Man convicted in the US of stealing $7.3m from RBS claims to have been pressured into guilty plea.
NatWest Three trial: Giles Darby 'fundamentally' disagrees with
'torture' outburst from David Bermingham and Gary Mulgrew - The
Telegraph
Former NatWest banker convicted of stealing $7.3m has criticised pair for claiming they were victims of injustice.
Google boss predicts need for new names - BBC
Eric Schmidt says people will change their names to distance themselves from embarrassing content on the net.
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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...
