Our biggest stories of the past week are …
In another conversation, I just spent some time at Finovate Fall in New York. It’s grown a bit since I was last there four years ago - I would estimate a doubling of attendance, and it’s still back-to-back demos of PFM, biometric tracking systems, social trading, mobile innovation and such.
After yesterday’s blog, one of my readers took exception to the posting and sent me an email. I apologise for the tone of this email in advance, but its feisty retort and content left me with the feeling that it would be unfair to just add this as a comment to my post and therefore I’m posting it here in full to see what you think.
Someone is always wondering what the future job titles are going to be in banks. Brett King recently presented about such, and had the top five titles as:
I know it's a sign of my age, but am I the only one lamenting the loss of paper? The fact is that I've visited several bank archives and actively collect rare bank notes, as well as a selection of bank notes from around the world, and the move to digitise everything just feels a little bit like we are losing something.
Like many of you, I’m an Apple user in some form. In my case, my telephone as well as a mini iPad. The iPhone5S (must upgrade to 6!) is an essential in my life. “Who’s the actress who starred in that …
The major general news stories of the past week include …
US financier quits $2trn investment fund after his daughter writes list showing 22 life landmarks he'd missed – The Independent
While at the top of world finance, Mohamed El-Erian juggled £1.2trn of investments and wrestled with the knottiest economic problems. But it has now emerged his greatest dilemma arose from asking his daughter to brush her teeth.
Meet the rats that trade better than humans – The Telegraph
A rat could be managing your investments – and doing a better job of it than a human trader
The next big banking scandal? – BBC
Could this be the next big banking scandal?
Digital threat to investment banks – Financial Times
Regulatory changes and old IT systems add to sector’s woes
Goldman Sachs's new London HQ facing legal challenge from neighbours over their 'right to light' – The Independent
Goldman Sachs's new “banking factory” headquarters in London is facing a possible legal challenge from the owners of neighbouring buildings – who claim the proposed office will steal their light.
Barclays faces another big fine from FCA – The Independent
Barclays is facing another huge fine imposed by the City regulator, the Financial Conduct Authority.
Cards declined after Barclays error – BBC
Customers of banking giant Barclays had their debit cards refused in stores and at ATMs on Monday after a temporary technical problem.
eBay criticised as hacks continue – BBC
Leading security researchers call on eBay to take immediate action over dangerous listings – as more security problems arise.
MP accuses Co-op of ‘blatant sexism’ over demotion of bank chief’s lover – Daily Mail
The Co-op Bank has been accused of ‘blatant sexism’ after downgrading the role of a female high-flyer whose affair with its chief executive posed a conflict of interest.
Barclays, HSBC and RBS among 13 banks facing fraud claims in US – The Guardian
Virginia prosecutors seek $1.15bn in damages for allegedly mis-selling risky home loans as AAA-rated mortgage bonds.