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Whatever you think, Wonga is doing well

We hosted Errol Damelin, Chief Executive and Founder of Wonga as our keynote guest at the London Financial Services Club last week, to end our season of meetings for the 2012-2013 season (2013-2014 season about to be announced). Errol is someone I met when Wonga first started its journey towards becoming a core big brand…

Errol

The continuing battle over interchange fees

I remember in one of our early Financial Services Club meetings, a member of the UK Government’s Treasury Select Committee asking our attentive throng: can any of you explain APR to me? Not a single person in the room raised a hand.  This is either because no-one wanted to answer the question or no-one could….

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Fixing our banks: now we know the answer

We had another round of debate about fixing the banking system at the Financial Services Club this week (read Part One here).  This time it was the turn of the shareholder, media and industry to air their views, ably represented by: David O'Hara, Shareholder and Activist Investor, Blackthorn Focus; Nick Kochan, Author and Journalist; and…

Jurassic PArk

Fixing our banks: now we know the answer

We had another round of debate about fixing the banking system at the Financial Services Club this week (read Part One here).  This time it was the turn of the shareholder, media and industry to air their views, ably represented by: David O'Hara, Shareholder and Activist Investor, Blackthorn Focus; Nick Kochan, Author and Journalist; and…

Jurassic PArk

Four out of five corporates are not ready for SEPA end-dates

For the fifth year, the Financial Services Club ran a survey of payments professionals worldwide to see how successfully regulations and technologies are changing the European payments landscape, sponsored by CGI and EBA CLEARING.            The survey ran during the spring of 2013, and was completed by 422 participants across over…

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Changing a bank’s culture needs actions not words

We had a fascinating discussion about how to fix the banks at the Financial Services Club last night (Part Two next week) and the gist of what most panellists came back to, as well as the audience, is that we need to return to basics and get the culture right. This is not an overnight…

Barclays ad

If you thought PPI was costly, wait till you see the price of this scandal

We had a fascinating insight into the issue of swaps mis-selling from Jeremy Roe last night at the Financial Services Club. Jeremy was a victim of the process and has been championing the cause ever since.  He now counts 1,200 companies in his group, Bully Banks, out of the 40,000 cases that have been identified…

The Opening of the Financial Services Club, Poland

We had our inaugural meeting of the Financial Services Club Poland last night at the British Embassy in Warsaw. It was an amazing evening with a packed audience comprising many of the Presidents of Polish Banks, as well as banks based in Warsaw from overseas like Deutsche Bank, Saxo Bank and ICBC (the Chinese banks…

FSC poland1

The Opening of the Financial Services Club, Poland

We had our inaugural meeting of the Financial Services Club Poland last night at the British Embassy in Warsaw. It was an amazing evening with a packed audience comprising many of the Presidents of Polish Banks, as well as banks based in Warsaw from overseas like Deutsche Bank, Saxo Bank and ICBC (the Chinese banks…

FSC poland1

The future of Europe and the euro

Whither the economic outlook? A speech by Professor Grzegorz Kolodko, former Deputy Premier of Poland given at the opening of the Financial Services Club, Poland Note: These are the impressions gained from the speech of Professor Kolodko and not an actual transcript of his speech. Good evening and thank you to the British Embassy and…

FSC poland2

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Chris Skinner
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Presentation at ZBP, September 2020, Warsaw, Poland

Alex at the Financial Services

Gaping Void's Hugh MacLeod worked with the Finanser