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 ending on 9th August: click here to take survey and click here to see the last two years of results.
For those who are interested, here's the Financial Services Club's forward agenda for Q3/Q4 2011.
Further to my write-up about Wonga the other day, I have been contacted by author and campaigner Steve Perry, who has been on the wrong side of the payday loans industry. Now don’t get me wrong. I am NOT against…
This was a question posed to me by Sky News, and the answer is: however much you want to report. This is based upon the fact that there are lies, darned lies and statistics, and you can manipulate the spend,…
I don't like using acronyms like GFC, the Global Financial Crisis, but it makes sense having just found a really interesting paper by Andy Haldane, Executive Director for Financial Stability at the Bank of England, on the principles for post-GFC regulatory policy …
Lloyds took a big hit in first quarter for PPI payments, the mis-selling of payment protection insurance. The other banks did the same and Santander took a hit this quarter. The issue is that PPI is an insurance that is…
So today marks the start of the bank reporting season in the UK which, based upon last week’s results in the USA and Europe, will be pretty bleak too. First, we have HSBC which is a mixed bag of news….
The major general news stories of the week include …
Straight-talking Lloyds chief resists the temptation to 'kitchen-sink' – The Telegraph
Lloyds' new(ish) chief executive Antonio Horta-Osorio left shareholders in no doubt about the scale of the bank's problems yesterday.
Northern Rock finds it's a bad time to be a good bank – The Telegraph
Who at the moment would want to buy Northern Rock? Or rather, who would want to buy Northern Rock Plc, the good bank, rather than NRAM, the bad bank that manages the toxic assets of the defunct lender.
RBS integration reaches final stage – Financial Times
Balance sheet of RBS's global banking and markets division has been cut from £900bn at its peak to £400bn today.
The City is coming round to Barclays' 'Bobtimism' - The Telegraph
The City and Barclays have not got on well over the last few years. If this sounds strange given that many think the bank one of the pillars of London's financial establishment that is because it is.
LSE buys City watchdog's transactions monitor - The Independent
The London Stock Exchange yesterday continued its attempt to diversify its business ahead of a possible bid, striking a deal with the City regulator to buy a reporting service.
HSBC to cut 10,000 jobs despite $11bn profit – The Telegraph
HSBC will on Monday say it is planning to cut 10,000 jobs despite making a pre-tax profit in the first half of the year of nearly $11bn (£6.7bn).
HSBC sees new market hiring drive – BBC
HSBC aims to hire up to 15,000 people in Asia and Latin America over the next three years to tap into faster economic growth.
Bankers: how far can they fall? – The Telegraph
As this week's job cuts show, the banking industry is reshaping itself dramatically. Alistair Osborne reports.
Square Now Processing $4 Million In Mobile Payments Per Day – Techcrunch
Flush with $100 million in new funding, Square is continuing to grow like a weed in the mobile payments space. After passing the $3 million mark at the end of May, Square is now processing $4 million in mobile payments daily, and is on track to reach over $100 million
Spanish bank fields Ronaldo as collateral – The Telegraph
Cristiano Ronaldo, the most expensive footballer in history, could feasibly become ECB property after he was pledged as collateral for emergency liquidity support by Spain's struggling savings bank, Bankia.
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