Our biggest stories of the past week are …
Like others in the conference hall, I felt a sense of awe as
the world’s greatest living explorer, Sir Ranulph ‘Ran’ Fiennes, took to the
stage to recount some of the stories about his life and travels, including the
I just got a heads-up about an interesting project taking
place in Citibank called Darbie. Being aware of the challenge of new start-ups
like Simple and Square, Citi are concerned that they might be disintermediated
from the customer relationship, as…
The hardy perennial discussion of whether we need branches
or not comes up again this week. It’s a regular debate on the blog and in the
Financial Services Club, with various entries that are relevant to contribute
towards the debate:…
After my discussion about the augmented economy which
focused upon customer service, I thought about it from the other side:
transactions. Many years ago, my technology firm made a play for banks to
deploy data warehouses to perform predictive analytics…
The major general news stories of the past week include …
A gang of cybercriminals stole $45m (£29m) by hacking into a
database of prepaid debit cards and draining cash machines around the world, US
Sainsbury's is gearing up for a major assault on the banking
sector with ambitious plans to take on HSBC, Royal Bank of Scotland, Santander
and the rest of the financial high street.
Barclays Wealth customers will no longer need to answer
security questions and remember pin codes to use telephone banking.
Free banking at risk
as EU wants us to bank anywhere in Europe – The Telegraph
European proposals that would allow Britons to switch to a
bank account in another country could hasten the demise of free banking,
experts have warned.
Nat Rothschild rues
'terrible mistake' in tie-up with Bakries - The Independent
The City financier Nat Rothschild has given a rare insight
into his personal life, claiming he no longer drinks or smokes and goes to bed
US banks tipped off
to Harp loans - Financial Times
Banks say they have been able to use release to identify and
analyse Harp loans, highlighting the industry’s use of ‘big data’ analysis
Co-op Bank could need taxpayer support, says Moody's – The Telegraph
The Co-op could require taxpayer support for its banking arm
after the business had its credit rating downgraded by Moody's, which warned
the mutual faced losses that it might not be able to afford.
'Crisis over' hopes after HSBC posts £5bn profit - The Independent
HSBC has moved to put allegations of money laundering for
Mexican cocaine gangs in the past as it posted a storming set of results that
gave hope the banking crisis could finally be over.
When US President Barack Obama nominated Jack Lew as the new
Secretary of the US Treasury in January, the media had one overwhelming concern
about the appointment: Lew’s illegible signature, which resembles the doodle of
an absent-minded child, would now appear on every US banknote.
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