Our biggest stories of the week are …
I was recently interviewd by Ben Leis of Youth Trends Report, and reproduce the discussion here for posterity: Ben Leis: Growing up,
learning to save money was simple and fun with things like piggy banks
but over time financial education becomes more complicated. How can the
financial education process be improved …
The Financial Brand ran an interesting survey this month to see how US
banker’s are getting on with online marketing. Of the 154
retail bankers participating, 46% described themselves as
“novices” at online marketing while just 12 (8%) think that
they are advanced marketers online. Considering the age we live
in, and the fact that most banking is now self-served over the mobile
and internet, that’s pretty dire.
After writing a blog entry yesterday that claimed bank’s online marketing is a waste of time, I was surprised that only Ron and Joey pulled me up on this. Reason: the headline is one that, for those who know me is obviously rubbish …
Financier Worldwide recently ran a review of the European stress tests,
quoting yours truly a bit. Therefore, I thought it worth republishing
here, and can recommend the magazine if you're not already a
subscriber:Tested But Not Tried, Europe’s Banks Deemed to be Safe …
I’ve had a lot of calls since being quoted by the media about one
Mr. Anthony Ward, or Chocfinger as he’s now nicknamed. This
is because the media love a good story and this one’s a doozy.
It’s all about a man who knows his chocolate and, as a result, he
just brought all the cocoa in Europe.
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 the survey.
A press release landed on my desk the other day with the headline:
“Identify the movers and shakers in the financial services
industry”. It had been released by a new company called
PeerIndex. Who or what is PeerIndex? They describe
themselves as: “the first company to provide a realistic
individual ranking of social authority across all social web content.” However, their service is currently highly flawed.
I guess it's the role of citizens of any country to suffer their
supposedly democratically voted leaders, and the role of the media to
take the mickey out of them. Now I'm not especially political, but
was a little concerned to see this photograph of our esteemed
Chancellor George Osborne in last week's papers …
I've read the joke before, but it's nice to hear it delivered with
Ozzie class by Kerry O'Keefe (Australian cricket commentator) …
The major general news stories of the week include …
Economist Joseph Stiglitz explains how the "buildings blocks" exist for a new economic paradigm
Influential watchdog warns of a "regulatory fiasco" that allegedly contributed to the collapse of banks in 2008 – and still threatens the system.
HSBC's Chief Economist, Stephen King, thinks western nations will not be as rich in years to come. He tells Zeinab Badawi why.
Ireland's credit rating downgraded by S&P on bank fears – The Telegraph
Standard & Poor's has dealt a fresh blow to the Irish economy by cutting the nation's credit rating to AA-, the lowest since 1995.
High and dry – BBC
How one man's unusual protest illustrates Europe's financial woes
Market insiders blame 'fat finger failure' for unusual stock swings – The Independent
The London markets were believed to have fallen victim to "fat finger failure" yesterday, after trading in five stocks was temporarily suspended following wild swings in their pricing.
Banks and corporates have been discreetly buying paintings and sculptures since the 1950s and some have amassed huge, and hugely valuable, collections.
Chi-X receives approach from 'third party' – Financial Times
Europe's share trading markets are set for their biggest shake-up in years
A new banking business that intends to build a substantial presence on the UK High Street raises £50m through a share issue.
Shoppers livid as Barclays crashes – The Independent
Thousands of Barclays customers in Britain were unable to get into their bank accounts or withdraw money from cash machines yesterday after a nationwide system crash.
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