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Our biggest stories of the past week are …
A hundred years ago, things were different but the same. We needed to eat, but what we ate was very much a national rather than international cuisine. We had to travel, but we would walk, bicycle of take the train….
Just received a copy of an email from Dominic
Thorncroft, Chairman of the UK Money Transmitters Association, that makes facor
interesting reading. It appears to be related to the issues the bank has faced
with anti-money laundering fines in the…
I was going to write one final piece about Japan, on a more serious note, as
the SIBOS week really brought home to me the fact that there is a two speed
financial world being regulated under one regulatory agenda….
Japan has so much culture, tradition, beauty and … downright weirdness. I spent
the weekend in Tokyo and noticed lots of wonderful sights: kimonos, kabuki,
maple trees and such like. Then there is the night life, the lights, the music
and the karaoke. Then there are their banks …
I’ve gotten into this habit of using the SIBOS closing party to do something a
little bit on the edge. Controversial, but meant to be funny. Last year I was
the world’s hottest banker and this year I was…
The major general news stories of the past week include …
you've become a Goldman Sachs partner' – The Guardian
Banking high-flyers await phone call after secretive,
brutal selection process that involves no job advert and no interview.
Banks have lost the right to shape their own future and will
have to accept whatever changes are imposed by regulators, according to Douglas
Flint, the chairman of HSBC.
to face £1bn fines over money-laundering – The Telegraph
HSBC is set to face a final bill for fines as high as $1.5bn
(£937m) for the "shameful and embarrassing" US money-laundering
scandal that has engulfed Britain's biggest bank.
Investigation: clients of Britain's biggest bank exposed – The
Britain’s biggest bank is at the centre of a major HM
Revenue and Customs investigation after it opened offshore accounts in Jersey
for serious criminals living in this country, The Telegraph can disclose.
self-aggrandising regulators are biggest risk to HSBC – The Telegraph
It's the sort of chutzpah a Mexican drug baron might admire.
a British bank, get us outta here – The Telegraph
It may speak the same language, be our closest military ally,
and share a common history, but do not be fooled.
banks face new crisis as a result of accounting rules – The Telegraph
British banks are to be forced to raise tens of billions of
pounds in fresh capital as a result of new accounting rules due to be announced
early in the new year.
of City jobs 'likely to be even greater than feared' – The Independent
The scale of the bloodbath in City jobs looks set to be greater
than feared it emerged yesterday.
& Poor's order to pay millions over AAA ratings – The Telegraph
Global credit rating agencies could be hit by a wave of
litigation after Standard & Poor's was found liable for "misleading
and deceptive" conduct in assigning triple-A ratings to debt-related
The US faces a deadline to agree new legislation that could make
or break the global economic recovery.
Amanda Staveley accused of lying to protect £3m claim – The Telegraph
Amanda Staveley, the financier who negotiated the multi-billion
pound refinancing of Barclays, was branded a liar and unprofessional in a High
Court battle over the sale of one of London's most prestigious building.
A City stockbroker who conned investors out of millions of
pounds to fund his extravagant lifestyle is jailed for 13 years.
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