Our biggest stories of the week are …
Antony Jenkins, the Head of Barclays Global Retail Division ,appeared on BBC Radio’s Today program saying that the level of consumer complaints to banks in general, and to Barclays specifically, is “not acceptable”. Looking at the numbers of complaints upheld by the Financial Ombudsman against Barclays, he’s right.
I was at a fascinating meeting yesterday discussing China Unionpay (CUP), China’s card processing operator that was created and owned by the government in 2002. With 2.1 billion cards issued and over $1 trillion in transactions each year, what has VISA done to warrant the government banning them from China for a year?
One minute we’re all talking about the great European plan, the next is OMG, it’s all doom and gloom. What about Greece? Ireland? Portugal? Spain? So what would happen if a country left the Eurozone?
I was preparing a presentation last week to deliver in Spain that had the sexy title: “Challenges for European banks in a crisis and post-crisis environment.” It wasn’t a title I chose, but led to me creating an amalgam of many different threads of thinking, some of which you will recognise if you follow this blog. First, I thought about all the things that we refer to today as phrases which mean something, and yet weren’t even around three or four years ago such as …
I don’t want to comment too much on the Irish problems, so collected a variety of the best news from around the world to share here. First, some background on the issue: Q: Why is the Irish economy in such a mess …
The major general news stories of the week include …
Ireland was last night poised to nationalise its two biggest banks as the country continues to be battered by the financial crisis.
Paddy Power, the Irish bookmaker, has overtaken Bank of Ireland as the crisis-hit country’s eighth largest company.
After Ireland’s government revealed a €15bn (£12.7bn) package of cuts, the mood in Dublin was one of futility and anger.
With its own budget deficit and a programme of tough public spending cuts, there are questions about why the UK has offered some €27bn to Ireland.
The euro plunged further into crisis yesterday as investors sold off Spanish, Portuguese and Belgian government bonds in record numbers on renewed fears that those nations would follow Greece and Ireland into the financial emergency ward, undermining confidence in the single currency.
German Chancellor Angela Merkel said the euro is in an “exceptionally serious” situation as Ireland seeks to become the second European country to need a rescue after Greece.
The loyalty reward programme for Facebook fans
Can Kenya teach the world a thing or two about mobile technology?
We list the names of Goldman Sachs’s 321 employees newly promoted to managing director.
If you like the Finanser, check out the books of the blog: the new Complete Banker Series
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