Our biggest stories of the week are …
For the past two years, we have performed a major survey around the euro and European payments. The survey for 2011 is now live: click here to take survey and click here to see the last two years of results.
I happen to be at an Oracle banking bash in Asia this week where Mark Hurd, President of Oracle Corporation, delivered the keynote. A few highlights from his presentation include a comment that worldwide GDP is running at around $53 trillion …
In my usual quiet way, I was interviewed by Bloomberg last Thursday in anticipation of the European Banking Authority (EBA), previously the Committee of European Bank Supervisors (CEBS), about the forthcoming stress tests released on Friday. Last year, these tests…
ICB submissions: what the banks said – The Telegraph
The Independent Commission on Banking received more than 170 submissions to its interim report, here are some of the highlights.
Audit woes found at UK arms of foreign banks – Financial Times
News of the Financial Reporting Council's probe comes amid continuing regulatory concern about the work of audit firms in the banking sector
Banking trio fail to meet accounting standards, claims Financial Reporting Council – The Telegraph
Three international banks have been accused of failing to meet accounting standards amid a scathing report into UK auditors by a City watchdog.
Reform will delay Lloyds and RBS sales, says UKFI – The Independent
The chairman of UK Financial Investments (UKFI) has warned that the Independent Commission on Banking's (ICB) reforms will reduce the value of the taxpayer's stakes in Lloyds and Royal Bank of Scotland (RBS) and delay their sale.
Ditching the Euro Not an Option for the Greeks – Business Week
As Athenians tally the cost of last month's riots, most Greeks acknowledge that the price of keeping the euro is more sacrifice for a country with a history of hardship
UK financial services will never regain pre-crisis power, says The Office for Budget Responsibility – The Telegraph
Britain's financial services industry will never regain the pre-eminence it enjoyed before the crisis, according to projections from the country's official forecaster
Europe's bank stress tests as bad as 1979 Irish driving test – The Telegraph
In 1979, the then Irish environment minister, Sylvester Barrett, did an extraordinary thing that was to have ramifications for Ireland's drivers for decades to come.
European Banking Authority was hobbled over stress tests – The Telegraph
The European Banking Authority has attempted to quell City complaints over Friday's widely-criticised industry stress tests, telling analysts they would have liked to have made them harsher but were unable to do so.
Greek debt on 'knife edge' – IMF – BBC
The IMF says Greece's debt is on a "knife's edge", as UK Deputy Prime Minister Nick Clegg says he is "incredibly worried" about the crisis.
Surprise bidder for Lloyds bank branches – The Independent
Insurance tycoon Clive Cowdery has emerged as a surprise bidder for the 632 bank branches being sold by Lloyds Banking Group, it was reported today.
If you like the Finanser, check out the books of the blog: the new Complete Banker Series
The Financial Services Club is sponsored by:
For details of sponsorship email us.