Chris Skinner's blog

Shaping the future of finance

The Finanser’s Week: 1st October – 7th October 2012

Chris Skinner Author Avatar
by
BT Logo

Our biggest stories of the past week are ... 

Money
and rumpy pumpy

A while ago David Birch, he of the geek #1
fame, said to me that all new forms of commerce are created by games, girls and
gambling, and the more I think about it, the more true I see this...

A
few billion reasons for attending #innotribe, Osaka

It’s getting nearer
and nearer to Osaka and SIBOS, so it’s time for a SIBOS Osaka blog entry.  I’m attending as part of the innotribe
stream.  Innotribe is in its fourth year
at SIBOS, and has matured from a sideshow sect to a mainstream part of the
conference.  Having said that, I still
get people asking me “what’s an innotribe” and “should I attend”?  The answer is ...

Financial
brands falling (again)

Interbrand published
their Global Top Brands report yesterday,
which makes for interesting reading.  The
world’s most valuable brand is still Coca-Cola, followed closely by Apple and
IBM.  American Express is the top
financial brand in 24th place, 23rd last year.  JPMorgan comes in at a respectable 32nd,
although that’s four down from last year’s 28th

Which
bank is the biggest winner and loser?

There’s a great
interactive review of investment banking markets on the Financial Times
today.  The chart compares the fortunes
of ten investment banks: Bank of America; Barclays; Citi; Credit Suisse;
Deutsche; Goldman Sachs; JPMorgan; Morgan Stanley; Royal Bank of Scotland; and
UBS.

NFC:
No Flippin' Chance (or why contactless is a dead tech)

The world is a
wonderful place, as times shift fast and things turn faster than an egg on a
timer.  Just as you get used to one
technology, another comes along and turns things on its head.  What technology do we mean?  NFC.  Near Field Communication.  NFlippin' Chance.

 

The major general news stories of the past week include ... 

China
Banks Pull Out of Meetings in Japan (including SIBOS)
- Wall Street
Journal

Japan's territorial dispute with China
appears to be spilling onto the stage of global finance meetings. Several big
Chinese banks say they've canceled participation in the high-profile annual
meeting of the World Bank and International Monetary Fund to be held in Tokyo
next week as well as in the constellation of events taking place alongside.

Big
banks face hardest hit from ringfencing
- Financial Times

More than a dozen of Europe’s largest
lenders will face a costly upheaval if the EU implements trading restrictions
proposed in the Liikanen review 

Digital
currency: Brave new world or criminal haven?
- BBC

Brave new world or a blessing for criminals 

Europe
focused on union rather than breaking up banks
- Reuters

BRUSSELS (Reuters) - Experts may recommend
this week that European banks should separate retail banking from their riskier
investment arms to make them safer and soften the impact of financial crises.

Investment
banking by numbers
- Financial Times

How has the industry changed since the
financial crisis? 

Top
banker faces £3m insider trading charge
- The Independent

Four men, including one of the most senior
bankers in the City, were charged yesterday with insider trading by the leading
finance watchdog.

City
banker elected London Lord Mayor
- Financial Times

Roger Gifford will take time out from his
position as UK head of a Swedish bank when he takes up the 800-year-old post in
November

ECB
Report Examines The Costs Of Making Payments In The EU
- Payments News

A new report released by the European
Central Bank (ECB) analyses the social and private costs of making retail
payments in 13 European countries and discovers that they are substantial,
amounting to around €45 billion, or almost 1% of their combined GDP. If
extrapolated to cover the 27 Member States

Bad
bankers warned: repent or go to jail
- The Independent

Britain's new chief financial policeman has
issued a stark message to the City of London: "We have barely got
started."

Munich
Re staff put trip to Jamaican swingers' hotel on expenses
- The
Telegraph

The world's largest reinsurer has revealed
employees put a trip to a swingers' hotel in Jamaica on company expenses when
it published the results of an internal audit on a public website.

 

 

If you like the Finanser, check out the books of the blog: the Complete Banker Series

 

The Financial Services Club is sponsored by:

  BT Logo 

For details of sponsorship email us.

 

 

Chris Skinner Author Avatar

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...

What is the future?

Learn more

Learn more about Chris

About Chris Skinner

The Past, Present And Future Of Banking, Finance And Technology

Fintech expert Chris Skinner: countries need digital transformation to remain competitive

Join me on Linkedin

Follow Me on X!

Hire Chris Skinner for dinners, workshops and more

Learn directly from from one of the most influential people in technology, gain insights from the world's most innovative companies, and build a global network.

Chris’s latest book

Chris Skinner’s ‘Digital For Good’ Book Launch Event – CFTE

Top 50 Global Thought Leaders and Influencers on FinTech 2023

Chris Skinner
Commentator, CEO of The Finanser and best-selling author at The Finanser

Thinkers360 Thought Leader

Contact Me

Global Awards

Lifetime Achievement Award

Global 100 - 2024 Winner

Chris Skinner - Financial Markets Advisor of the Year - The Finanser - UK 2023

Best Financial Markets Advisor of the Year 2023

30 Best Regtech Blogs and Websites 2023

Kids creating the future bank | TEDxAthens

Captain Cake and the Candy Crew

Captain Cake Winner of a Golden Mom’s Choice Award

TWO-TIME WINNER OF A MOM’S CHOICE GOLD AWARD!

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser