Home / Blog Index / The Finanser’s Week: 29th November – 5th December 2010

The Finanser’s Week: 29th November – 5th December 2010

 

Our biggest stories of the week are …

Banksquare: the new sharing service from your bank

We've talked a lot about how banks are behind the mark when it comes to social media. Now let's take a look at the next generation bank statement …

The future of mobile telephones

If you're excited about the next iPad and iPhone, then you'll be excited to see a vision of the plans for 2014.

Trading Strategies: Garbage In, Garbage Out

In my old programming days, the mantra of every programmer was: “Garbage In, Garbage Out” (GIGO). GIGO is a lesson that is just as critical today as it was back then, and regulators seem to be in danger of losing sight of this fact when it comes to High Frequency Trading systems.

Why advertise banking when we hate banks?

I was just watching this ten minute debate in Australia about bank advertising. It starts with the line: “I would have thought banks were tough clients for two reasons. One, they’re bastards. Two, we hate them.” This is interesting stuff, and reminds me of the psychology of money debate.

Talking about banker's bonuses

“Now then Brasher, what’s all this I hear about a clampdown on bonuses?” Sir Winston Albert Grant, Chairman of MegaBank Corp (MBC) and generally known by his colleagues as WAG, roared across the table at Roger Hughes, the new Chief Compliance Officer …

Launching the Rage Gauge

OK, it’s time to build a new way of measuring anger with the banks, so today sees the launch of the Finanser’s Rage Gauge, a method of tracking how much anger there is against the banks.  Why do this today?  Because the heat of anger on the industry varies day-by-day, month-by-month.

 

The major general news stories of the week include …

Dotcom boom's shower of gold passes Wall Street by – Financial Times

Morgan Stanley internet analyst says that for internet investors, it's 1997 all over again – only this time, the stakes are much higher, writes Richard Waters

BarCap will shed hundreds of jobs – The Independent

The investment banking arm of Barclays is to cut hundreds of jobs in the UK because several months of slow activity across the industry looks set to continue next year.

Eurozone contagion fears spread to Italy – The Independent

The Republic of Ireland's €85bn (£72bn) bailout has failed to end the crisis of confidence gripping the eurozone, and may even have exacerbated it.

US bank is next target for major leak, says Assange – The Independent

Banking will be targeted in the next batch of WikiLeaks releases, the website's founder, Julian Assange, has said.

Hedge fund manager Mark Hart bets on China as the next 'enormous credit bubble' to burst – The Telegraph

Mark Hart, a US hedge fund manager who has made millions predicting the crises in US sub-prime market and European debt, has launched a fund to bet on the imminent implosion of China.

City juniors get big pay rises as bonuses are cut – The Independent

Huge salary rises at banks have filtered down to middle and junior level staff, leaving even the average "vice-president" – a catch-all title for mid-ranking employees – on close to six-figure salaries, according to City headhunters.

Goldman banker on trial for alleged code theft – The Telegraph

The trial of a former Goldman Sachs computer programmer is set to shed light on the world of high-frequency trading, a little-known cog in the world's financial system.

HSBC announces new UK management – BBC

HSBC names its new UK management team as part of a reshuffle at the bank under incoming group chief executive Stuart Gulliver.

António Horta-Osório to be joined at Lloyds by Santander's Juan Colombás and Antonio Lorenzo – The Telegraph

Two of outgoing Santander UK chief executive António Horta-Osório's top managers are set to join him at Lloyds Banking Group after quitting the Spanish bank.

The Business On… Ana Botin, Chief executive, Santander UK – The Independent

Don't I know that name?

 

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About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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...

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