Our biggest stories of the week are ...
Dinners discussing lending and the back office
The Financial Services Club has two events this month, that are free to attend for qualifying financial professionals. The first is looking at how to deal with back office peaks and troughs. The second focuses upon the state of Britain's lending markets.
Stop banker bashing and start the banker reformation
So this morning RBS and HSBC announced their quarterly outlook, with Lloyds doing so earlier in the week and Barclays to follow next Tuesday. In looking at these announcements, I started writing down the challenges these banks face and was surprised to find how long the list became. Here are the headlines ...
Not bashing bankers' bonuses but bankers' bonuses bashed
Bloomberg released the latest news on bankers' bonuses this morning, and here's the league table.
Here is the City has done a nice job of crunching some data to come up with a list of the biggest banks in the world by assets under management as at 31st October 2010.
I love that phrase: “the elephant in the room”. It just conjures up this image of everyone sitting and not realising there’s a great big grey beast with a trunk sitting behind their chair. So what is the elephant of the banking industry today?
The Long Blog about the Long Now
Much of last week was focused on the Long Now and Long Finance for me. Working with a group of thought leaders that included Venessa Miemis, Thierry Touchais, John Hagel, Stefan Nusser, Michael Mainelli, Paul Saffo, Bruce Davis, Brett King, Nova Spivack and more, we debated big topic items all week. And yes, there were some conclusions too.
Gabriel Shalom, who made the fantastic future of money film with Venessa Meimis, just sent me his videoblog from SIBOS. It's fantastic too, so here it is:
The major general news stories of the week include ...
António Horta-Osório may view overseas as the place to expand Lloyds - The Telegraph
It was a happy chairman of Lloyds Banking Group yesterday who announced the appointment of Antonio Horta-Osório as the bank's new chief executive.
Emilio Botín puts daughter Ana Patricia Botín in charge of Santander UK - The Telegraph
While Lloyds was celebrating hiring Santander UK's chief, the Spanish bank did not take long to find his successor - the chairman's daugher, Ana Patricia Botín.
Scrapping cheques will have 'major ramifications' on elderly, MPs told - The Telegraph
Millions of people still use the payment method every day and scrapping its use would hit small businesses, the elderly and blind people the hardest.
Reflections on Sibos 2010 - Payments News
Glenbrook's Erin McCune is just back from Sibos 2010 conference, the annual international banking conference sponsored by SWIFT, and has posted her thoughts and observations on the state of the banking industry on our sister website, Payments Views. Erin gave a well-received talk on The Future of Business Payments.
Two held over insider trading - The Independent
Two people have been arrested in London on suspicion of insider trading after investigators raided two addresses in the UK and one in Germany.
Regulators outline banking blueprint - Financial Times
Global regulators have laid out their blueprint for how the world's national bank supervisors should deal with "systemically important financial institutions", outlining ahead of next week's G20 summit the added powers they consider essential to help prevent another financial crisis
The European Payments Council (EPC) has announced updated and enhanced versions of the SEPA Credit Transfer (SCT) Scheme Rulebook and the SEPA Direct Debit (SDD) Scheme Rulebooks. November 1, 2010 marks an important target date for SEPA, as all banks in the euro area are now reachable for cross-border SEPA
Northern Rock chief Gary Hoffman tipped to depart next week - The Telegraph
Nationalised bank Northern Rock could see Gary Hoffman, its chief executive, leave as early as next week as speculation grows that he is in line to take the top job at one of the UK's most high-profile new banking start-ups.
Irish, Spanish Banks Can't Kick ECB Habit - Business Week
Greek, Irish and Spanish banks are falling behind their counterparts across Europe in reducing their dependence on emergency central bank funding because they can’t find investors willing to buy their bonds.
Royal Bank of Scotland hires bonus row banker - The Telegraph
New head of corporate finance, John McIntyre, sued Commerzbank for £2m over payout.
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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...
