Our biggest stories of the past week are …
I’m on holiday in
Africa to get away from it all, but just to show that banking is a global
business, there’s an ongoing banking crisis relating to Africa. I’ve been
tracking the issue – that Barclays is in the…
During my trip to Africa, we had a few days out at the
magnificent Victoria Falls. An amazing natural wonder of the world,
particularly from the Zimbabwean side of the falls where you can walk the 1.8
kilometres opposite the…
As mentioned, I’m now becoming a collector of weird and
wacky bank notes, as well as those that are hugely historical or politically
interesting. This is particularly worthwhile as cash is disappearing fast so
these notes won't be around for…
A day in the life of mobile payments 2015 [Infographic]
Two years from now, Mobile Payments Today forecast that the
typical mobile user will be living like this infographic below.
Just recovering from a two week stint abroad –
more on this later this week – and back to blogging as usual. However, as my
brain has been completely switched off from banking and stuff (well, almost),
I'm going to…
The major general news stories of the past week include …
warns of bankers 'lynch mob' – BBC
The Archbishop of Canterbury, Justin Welby, describes the shaming of bankers in
the wake of the financial crisis as "lynch mobbish".
plans to force out Wonga – BBC
The Archbishop of Canterbury warns online lender Wonga that the Church of
England plans to force it out of business – by competing against it.
Justin Welby's vision of kumbayah capitalism is wrong – The Telegraph
Justin Welby is wrong on credit unions. By suggesting they are a panacea for
people who need to use the services of pay day lenders such as Wonga, he is
missing the point.
fined for reporting flaws worsened by ABN Amro deal – Reuters
LONDON (Reuters) – Britain's Financial Conduct Authority has fined Royal Bank
of Scotland 5.6 million pounds ($8.6 million) for failing to report
transactions the watchdog needs to help it spot market abuses.
phase of RBS’s revival in question – Financial Times
Hopes of attracting a big-hitting outsider to replace Stephen Hester as chief
executive of the state-controlled bank have halted amid differences
Lynch female trainees 'given Seducing the Boys Club book' – The
Female trainees at Merrill Lynch were handed copies of "Seducing the Boys
Club: Uncensored Tactics From a Woman at the Top" and told to follow its
advice, which included "the art of S&M – seduction and
manipulation", according to a sexual bias lawsuit.
boss Sally Tennant shares Ginger's view of getting on 'in heels and backwards'
– The Telegraph
Sally Tennant reveals why the 200-year-old investment bank has had to change
fees: Card sharps – Economist
TO POLITICIANS, banks are both incompetent behemoths waiting for public
bail-outs and conniving profiteers pulling a fast one on their customers. Just
as one arm of the European Commission has been finalising new rules that will
force banks to have much more capital on their balance-sheets in order to make
currency could emerge from recession as eurozone bounces back to growth
– The Independent
Manufacturers in the UK and Europe put their Chinese rivals in the shade for
once today amid more recovery signs for the economy.
of weeding out criminals and tax cheats hits private banks – Reuters
LONDON (Reuters) – Private banks managing the financial affairs of the world's
wealthy face spending millions of dollars every year on vetting new clients, as
regulators get tough on banks that harbor tax cheats and money launderers.
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