Home / Blog Index / The Finanser’s Week: 19th August – 25th August 2013

The Finanser’s Week: 19th August – 25th August 2013

Our biggest stories of
the past week are …

Banks should not be
political pawns

I received an email on my recent blogs about remittances and
Somalia from one reader, Knut Flottorp, and thought it worth posting on the blog
to add to the debate. The banks will have problems with Somalia no matter
what…

As banks cut
lifeline, will remittance alternatives emerge?

The three blog entries on this subject so far: The African
bank crisis and remittances More on Africa, Somalia, remittances, Barclays and
HSBC Banks should not be political pawns has stirred up a lot of interest. In
particular, Mondata, an…

Payments Council
report states that mobile internet payments will quadruple by 2022

I just got a copy of the Payments Council’s UK Payments
Markets 2013 Report, and it makes fascinating reading about a developed
economy’s changing payments habits. Here are the headlines: Consumer card use
will rise by 75% from nearly 10…

Bob Diamond launches
a new stock exchange

I was surprised to read this morning that the former leaders
of Barclays (Capital) Bank are launching a new European stock exchange.
Apparently Rich Ricci and Bob Diamond – the former CEO of Barclays investment
bank and Barclays Bank respectively…

When did this place
go to the dogs and why can't you lead a horse to water and make it drink?

We have all of these phrases and meanings that we use every
day about money, life and more, but few of them do us really know or think
about them in their reality of usage. For example, where does

The major general
news stories of the past week include …

Intern,
21, dies during investment bank summer scheme
– The Telegraph
A "highly diligent" young intern has died one week before completing
a summer programme at a top investment bank after allegedly working extremely
long hours.        


Moritz
Erhardt, 21, died after reportedly working 72 hours in a row
– The
Independent
Too much for too little… the death of a Bank of America intern must herald
reform of the internship industry


Hackers
strip Swiss bank account of the former Countess of Normanton
– Daily
Mail
Account cleared of £93,000 in five separate transactions


Hackers
use DDoSes to distract bank staff whilst stealing MILLIONS
– The
Register
Cybercrooks are running distributed denial of service attacks as a smokescreen
to distract bank security staff while they plunder online banking systems,
according to a researcher.


Banks
face £1.5bn compensation bill for mis-selling credit card insurance
– The
Telegraph
Britain's biggest banks face a compensation bill for up to £1.5bn to pay for
six years of mis-sold credit card and identity theft insurance.    
   


The
best and worst banks for customer service
– The Telegraph
A survey of more than 8,000 people provides an insight into which banks to
consider when a new switching guarantee is launched next month.    
   


Resurrecting
the TSB would be fine if it were to be truly a savings bank
– The
Telegraph
On September 9, the Trustee Savings Bank is coming back. But wouldn't it be
better if it were truly a "savings bank"?        


RBS
warned over turning down £1.5bn branch bid
– The Telegraph
The head of a £1.5bn bid for the 315 branches being sold by Royal Bank of
Scotland has warned the taxpayer-backed lender it must take the offer
seriously.        


Former
Barclays executive Rich Ricci backs new stock exchange
– The Telegraph
The former head of Barclays' investment banking arm, Rich Ricci, is expected to
be among the investors behind a new European stock exchange.    
   


New
rules for banks pose 'excessive' burden
– The Telegraph
Britain's biggest banks have all returned to profit for the first time in three
years, a report by accountancy firm KPMG has highlighted.         

 

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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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