Our biggest stories of the week are …
We had a really interesting discussion at the Financial Services Club this week with Charles Thomson, former Chief Executive for the Equitable Life. The Equitable Life is a financial institution that failed at the end of the last decade and…
Several people pinged me yesterday to highlight the fact that Bitcoin has now become a target of the major payments processors. Not for acquisition. Not for partnership. Not for joint ventures. Not for support. No. Bitcoin is obviously becoming a…
A short blog today, but a challenging one. I was talking about Movenbank with a colleague and mentioned that it was going to be the world’s first paperless, cardless bank. They looked at me quizzically. Paperless? Cardless? What do you…
The major general news stories of the week include …
VIDEO: How did Greece mask its debt? - BBC
Investment bank Goldman Sachs was exposed as helping Greece mask its true debt by author Nick Dunbar in his book 'The Devil's Derivatives'.
Loyalty to the European Union, Never Strong, Is Fading Fast – Business Week
Greeks are more loyal to Greece than to the EU
HSBC sells its shares to pay banker bonuses – The Telegraph
HSBC is preparing to issue and sell new shares in itself to fund the bonuses of its highest-paid staff working in the UK.
RBS and Lloyds set to reveal big losses - The Telegraph
Lloyds Banking Group and Royal Bank of Scotland are expected to unveil combined losses of more than £4bn when they publish annual results this week.
Civil war breaks out at Royal Bank of Scotland - The Telegraph
There can be few more unhappy places to be working in the City at the moment than behind the doors of 250 Bishopsgate, the London home of Royal Bank of Scotland's investment banking arm
Uncertainty is the biggest issue for UK banks - The Telegraph
Like it or not, financial services is one of the few industries in which the UK retains a leadership position .
UK Payments Council To Build Mobile Payments Platform – Payments News
The Payments Council has announced it is funding the development of a centralized database to facilitate mobile payments innovation in the UK. The Payments Council is building a central database that will allow customers to link their mobile phone number to their account details, regardless of who they bank with.
Using your mobile phone to transfer cash
What is a banker really worth? – The Telegraph
Barclays made a serious error over the pay of John Varley, the bank's former chief executive, who stepped down in 2010 with a 'goodbye package' of nearly £4m – it wasn't enough!
Glenbrook Virtual Currency Report – Payments News
Glenbrook has released a new research report on virtual currencies fundamentals. Our focus is on describing what virtual currencies are, how they work, who uses them, and why. We describe the general characteristics and key attributes of a typical virtual currency program, demonstrating the strategic choices facing online sites as …
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