Our biggest stories of the week are …
This week saw the first discussions of a possible sale of Northern Rock back into the private sector. The question is: who would buy Northern Rock? To find out, I listened in to this episode of “Yes, Prime Minister”, as David Cameron debates the merits of a sale with his Permanent Parliamentary Secretary Sir Gus O’Donnell.
I've been having an interesting dialogue with Jacques Bayens re information usage versus privacy and intrusion after my blog about information as a competitive weapon. The gist of Jacques point is that there should be limitations on data usage, as a bank pushing loan drugs to thirsty gamblers outside casinos is not a pleasant picture. But it’s one that I think we live with, and will become even more pervasive over time.
We work in a zero fault tolerance industry. The latest example of zero fault tolerance is Bank of America, whose website went down over the weekend. For a major bank website to go down for even part of a busy workday is bad. For that website to be Bank of America’s, used by 29 million people, was headline news. But does such an incident affect customer loyalty? Not at all.
I usually ignore press releases that land in my inbox as most are not relevant for the blog … but this one intrigued me:“BANKING SALARIES ON THE UP AS BONUS POOLS LOOK SET TO SHRINK” …
We are pleased to provide our ninth month of monitoring the MTF performances in European Equities trading, in partnership with Thomson Reuters Equity Market Share Reporter (EMSR).
The major general news stories of the week include …
Swiss bank UBS AG is revising its dress code after getting mocked for suggesting employees wear skin-coloured underwear and avoid garlic breath.
A former Swiss banker hands over data to Wikileaks that he says contains offshore account details of 2,000 prominent people.
A former Swiss banker who said he gave Wikileaks details of rich tax evaders has been found guilty of breaching Switzerland's strict bank secrecy laws.
Banks dominate the list of biggest fines handed out by the City regulator, the Financial Services Authority.
Last week the combative Committee collectively tore strips off Barclays' Bob Diamond. But faced by the women, its barred fangs were reduced to a goofy grin.
Goldman Sachs has told its US clients that they will not, after all, be able to buy a piece of Facebook, as its $1.5bn fundraising plan for the social networking company turned from a controversy into a major embarrassment.
Irish banks are running out of collateral they can use to borrow from the European Central Bank, turning instead to their own central bank on an unprecedented scale.
The British passion for plastic has cooled with credit card borrowing falling to £97bn – its lowest level since 2005 – and the number of cards falling by 1.5million to a seven-year low of 60 million.
The card processor says consumers used Visa cards for £1 in every £4 spent last year, with transactions carried out with its debit cards rising 45% to £251bn in Britain
Starbucks has announced that it now accepts mobile payments in all US company-operated stores. Building on the earlier introduction of Starbucks Card Mobile App for select BlackBerry smartphones, iPhone and iPod touch and a successful mobile payment test program, customers now have access to the largest mobile payment program in
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