Home / Blog Index / The Finanser’s Week: 18th April – 24th April 2011

The Finanser’s Week: 18th April – 24th April 2011

 

Our biggest stories of the week are …

Secret service and trading: both find needles in haystacks

I was at TradeTech the other day, one of the largest conferences and exhibitions focused upon buy and sell side technologies. It had a good attendance and agenda, although I did wonder why it was sponsored by Virgin Money. As we walked into TradeTech, I was amazed at the over-the-top Virgin branding all over the walkways.

Psychos, maniacs and nutters: the average trading room

Another aspect of trading that cropped up recently was the whole thing about trading psychologies. This was kicked off by one of the speakers, a Psychology Professor, exploring the psychology of trading …

Fall out from the Flash Crash

Another presentation I was interested to hear at TradeTech was Larry Tabb on the US regulatory actions since the flash crash. Larry is CEO of TABB Group, a research firm focused on capital markets that he founded in 2003 after several years leading TowerGroup’s ….

 

The major general news stories of the week include … 

Banks didn't know if assets were 'criminal' say MPs – The Telegraph

RBS and Lloyds could not provide "basic information" on their own assets in the wake of the crisis or guarantee that they were not linked to "fraud or criminal activity", MPs find.

Moody's cuts Irish banks to junk – BBC

Credit rating agency Moody's downgrades its ratings on Irish banks to junk, renewing pressure on the eurozone's weaker countries.

Banks' claims they will move abroad are 'empty threats' says Financial Stability Board boss – The Telegraph

Claims by banks that they will relocate to foreign shores in protest at strict new rules are largely empty threats, the global financial regulator has suggested.

Barclays investors want move to New York – The Telegraph

A group of major shareholders in Barclays has made it clear that it would prefer the British bank to be domiciled outside the UK.

HSBC’s new boss must save a great firm from mediocrity – The Economist

Although HSBC has huge operations in America, Britain and France, it thinks of itself as an emerging-market specialist, with a tradition stretching back to its foundation in Hong Kong in 1865. The legend no longer fits reality, though.

RBS to shake up investment banking arm – Financial Times

UK bank shakes up the leadership of its investment banking division after a skiing accident suffered by one of its most senior ¬executives

Virgin Money's Jayne-Anne wants one portable bank account number – BBC

As Virgin Money prepares to move its headquarters to Edinburgh, Douglas Fraser, presenter of BBC Radio Scotland's programme Business Scotland, spoke to its chief executive about her vision for the "transparent" bank's role in UK finance.

Square’s Disruptive Payment Service About To Get A Huge Retail Boost From Apple – Techcrunch

Mobile payments company Square has landed a big coup—sales placement on Apple’s online store. Apple will start selling Square devices in all of its U.S. retail stores starting this week.

Britons Mike Ellam and Verena Ross land top European financial services jobs – The Telegraph

Two of Europe's most senior financial services posts have been filled by Britons Mike Ellam and Verena Ross, giving the UK more power to shape banking policy in Brussels.

Money talk – BBC

What are the options for making payments overseas?

 

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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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