Our biggest stories of the week are ...
As anyone who tracks this blog knows, I love all things futuristic. Via Rob Findlay I discovered this video yesterday from Corning Glass ...
Monthly MiFID Monitor, February 2011
We are pleased to provide our eleventh month of monitoring the MTF performances in European Equities trading, in partnership with Thomson Reuters Equity Market Share Reporter (EMSR).
Capitalising on the Japanese disaster
The Japanese earthquake and tsunami over the weekend was terrible. In a country that is familiar with Earthquakes – remember Kobe – it is surprising the devastation caused, and the Tsunami that followed made it far worse. In fact, a...
Great identity theft infographic
I almost missed this, but found a wonderful infographic on identity theft produced by Lines & Moodswings. Well worth a look if you like statistics on fraud and theft.
After my note about identity theft the other day, I got a nice note from Barry Marshall at Identity Intelligence (IDI), who run a database about fraud. Their numbers are staggering, and they define the issue today is not about Card Not Present (CNP) fraud, but Card Not Necessary (CNN).
How a cyber-security firm got hacked
This is just amazing and something that almost slipped under my radar somehow. Earlier this year, we were all waiting with bated breath for the leak of secret Bank of America emails via Wikileaks. It was going to be explosive...
We’ve had lots of discussions about the branch being dead. For example, Brett King recently wrote a blog entry: “If your bank is opening branches – get worried” with some great stats: Bank visits have declined in the US by 20% in the last decade ...
Survey: are payments infrastructures fit for purpose?
We've had a lot of dialogue about interoperability and the difficulties of getting all the pipes and plumbing of payments to work together. The real question is whether payments processors are meeting the challenges of the world of 2011? To find out, we are launching a survey to see what readers think of SWIFT, EBA, Fedwire and other clearing systems. To join in, click: https://www.surveymonkey.com/s/P5KN6V3
The major general news stories of the week include ...
Lloyds job cuts: graph - The Telegraph
Lloyds Banking Group has announced it is to cut 570 jobs and outsource a further 600. As the graph below shows, the bank has axed thousands of staff since the recession hit.
What next for the FSA? - The Telegraph
On May 20 1997, the FSA was formed by then Chancellor Gordon Brown - it will be broken up by the end of 2012.
Bank bail-outs: in pictures - The Telegraph
Lord Turner, chairman of the Financial Services Authority, said in a speech on Wednesday that the best way to prevent big banks from failing would be to impose a significant surcharge. Here, we look at some of the banks (and one country) that needed help during the credit crisis
Libor explained: the real cost of money or just a fix? - The Telegraph
It is the monetary policy committee you have probably never heard of - a group of bank treasurers and officials from the British Banking Association that set interest rates for trillions of pounds worth of international lending each working day.
NAB UK chief Lynne Peacock exits as Lloyds talk grows - The Telegraph
National Australia Bank's UK chief executive is to step down as speculation mounts over the lender's interest in 600 branches currently being sold off by Lloyds Banking Group.
Number of City jobs created rises 30 per cent - The Independent
Nearly 6,000 jobs were created in the City last month, 30 per cent more than last year and 6 per cent more than in January, according to a financial services recruitment company. Meanwhile, dissatisfied bankers unhappy with meagre bonuses pushed job application numbers up by a whopping 47 per cent,
The total exposure of foreign banks to the struggling quartet of Greece, Ireland, Portugal and Spain tops $2.5 trillion (£1.6 trillion) once all forms or risk are included, according to the latest data from the BIS.
History's lesson is that investment and retail banking must be separate - The Telegraph
The economic newsflow was thick and fast last week. Ongoing commodity price jitters combined with renewed fears of another eurozone default - this time in Spain, the currency union's fourth biggest economy.
Retail banks face significant challenge - The Independent
The recent round of UK banking results shows that despite a rebound in 2010, retail banking faces "significant challenges" in the next three years, according to a new report.
British bank accounting standards 'not fit for purpose' - The Telegraph
One of Britain's most respected accountants claims the controversial International Financial Reporting Standards used by British banks are not "fit for purpose".
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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...
