Home / Blog Index / The Finanser’s Week: 26th November – 2nd December 2012

The Finanser’s Week: 26th November – 2nd December 2012

Our biggest stories of the past week are … 

£3 million from a
simple ATM skim

I was just surfing the
BBC news for information about the new Governor of the Bank of England and
found this as the #1 most viewed video clip today. 

EMIR, LEIs and other
clearing issues
 

Further to the
launch of the Clearing and Settlement Working Group (CAS-WG) in the spring (read more here), the next
plenary meeting will take place on Tuesday 11th December

How the Russian mafia
use the banking system (especially Britain's)

I was wondering what
to blog about today, as it’s grey and cold and wet and miserable and … then I
realised, I should blog about Russia. Here in London, we’ve gradually seen a
takeover of some of our key…

#Occupy the Bank of
England: Mark Carney

So all of the UK media
were up in arms over the selection of Mark Carney as the new Governor of the
Bank of England. Why such furor? Because they were all duped into not seeing
him as being a candidate …

Are we on or off the
rails

At SIBOS 2012, I led a
session on the future of money along with Udayan Goyal … … and asked the basic
question: will the future still be built on the banking foundation? I'm writing
up the session again, as…

Can banks meet the
hybrid challenge?

It’s taken me a while,
talking about social media and stuff, to finally work out why this is a
fundamental change for banking. First of all, it was the rise of blogging and
social media such as YouTube. I still…

TFI Friday … the funniest bank ads 

It’s Friday so it’s fun day. Just browsing
around for a few amuse bouches, and found these adverts for various banks
around the world. This is partly because of the post I made about Japan’s
banking adverts, which inspired a…

 

The major general news stories of the past week include …  

German
man locked up over HVB bank allegations may have been telling truth
– The
Telegraph

Gustl Mollath was put in a psychiatric unit
for claiming his wife was involved in money-laundering at the Bavarian bank.
But seven years on evidence has emerged that could set him free

Five
staff sacked by Barclays following Libor-fixing scandal
– The
Independent

Barclays yesterday said five employees had
been sacked as a result of the Libor-fixing scandal which landed the bank with
a £290m fine and cost its chairman and chief executive their jobs.

Europe
'to push for Basel III delay as it lobbies US'
– The Telegraph

Europe is preparing to follow the United
States in delaying the introduction of stricter rules on bank capital, while it
lobbies for a rethink of the US stance, according to reports.

Nationwide
interested in buying RBS branches
– The Independent

Nationwide, Britain's biggest
customer-owned financial services group, is interested in bidding for 316
branches being sold by Royal Bank of Scotland to speed up its expansion into
lending to small and medium-sized businesses.

Northern
Rock treasurer dies
– The Independent

The former treasurer of Northern Rock, who
retired with a £2.5m pension pot when the bank collapsed but was racked with
remorse over its decline, has been found dead at his home.

Smartphone
influence on retail 'is set to soar this Christmas'
– The Independent

It has revolutionised the way we listen to
music, take photos and exchange gossip but the smartphone is now set to also
transform the nation's shopping habits this Christmas.

New
Boston Fed Report on Mobile Payments Technology
– Payments News

The Federal Reserve Bank of Boston has
released a new report entitled, "Mobile Phone Technology: 'Smarter' Than
We Thought". This report examines in detail how near field communication
(NFC) and cloud technologies address security for mobile payments at the retail
point-of-sale (POS). It also provides a brief overview of security

Mark
Carney: Canadian everyman takes top job at Bank of England
– The
Telegraph

The Bank of England's incoming Governor
Mark Carney marks a break from the norm – even in his hiring.

HSBC
Chairman urges bankers to swear an oath
– The Telegraph

Douglas Flint is pushing for bankers to
take an oath similar to that of doctors as part of radical plans to overhaul
the way the profession is viewed in the wake of the financial crisis.

Barclays
pressed to shed investment bank
– The Telegraph

Barclays has come under pressure from some
of its largest shareholders to axe its investment bank as part of a radical
restructuring

 

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About Chris M Skinner

Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, the Finanser.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...

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