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Shaping the future of finance

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Interest-free mortgages and savings

A range of related news hits the desk today, from the likelihood that banks will be offering interest-free mortgages, as interest rates hit zero, to the opposite end of the scale where savers will be paying their bank to look after their money in the future. Savers paying to have their money held by a…

Joke002

New Year, Same Old

Well, you think the New Year will change things, but the news headlines are continuing with the same themes: jobless going up, inflation going down, interest rates going down and down, and Bernie Madoff going down for a very long time.  A few headlines did catch my eye this morning though, apart from the FSA's…

The dumbest banking moments of 2008

Two or three great lists were published over the holidays, such as the Top 11 CEO Firings of 2008 from Forbes magazine.  Strangely enough, 7 of the top 11 were bankers and financiers: Richard Fuld, Lehman Brothers; Martin Sullivan, AIG; Kerry Killinger, Washington Mutual; Ken Thompson, Wachovia; Richard Syron, Freddie Mac; Daniel Mudd, Fannie Mae;…

The dumbest banking moments of 2008

Two or three great lists were published over the holidays, such as the Top 11 CEO Firings of 2008 from Forbes magazine.  Strangely enough, 7 of the top 11 were bankers and financiers: Richard Fuld, Lehman Brothers; Martin Sullivan, AIG; Kerry Killinger, Washington Mutual; Ken Thompson, Wachovia; Richard Syron, Freddie Mac; Daniel Mudd, Fannie Mae;…

The dumbest banking moments of 2008

Two or three great lists were published over the holidays, such as the Top 11 CEO Firings of 2008 from Forbes magazine.  Strangely enough, 7 of the top 11 were bankers and financiers: Richard Fuld, Lehman Brothers; Martin Sullivan, AIG; Kerry Killinger, Washington Mutual; Ken Thompson, Wachovia; Richard Syron, Freddie Mac; Daniel Mudd, Fannie Mae;…

The end of the keyboard

Nothing to do with banking, except that banks run on technology and one key piece of technology is about to die: the keyboard. I've predicted the end of the keyboard for years, as it's not intuitive or natural to type.  We just do it because we've learned it is the only way to use today's…

Dear Janet, I’m so ashamed of my brother …

I noticed this letter sent to an Agony Aunt over the weekend: "Dear Janet, I have a new girlfriend who I am totally in love with, but I am terrified about telling her about my family.  You see, my father is a convicted rapist.  That's bad I know, but then my mother has been working…

Barclaycard’s business avoidance marketing campaign

I just had a great offer from Barclaycard for balance transfers. It was the usual thing, a marketing letter in the post with a big headline: "0% on Balance Transfers until October 2009" At the end of the letter, there's a bunch of cheques to send off to pay for things at 0% for 10…

Children do better with money

Welcome to 2009! I'll put some thoughtful commentary here next week about the outlook for the year, but here's an interesting idea spotted in the Telegraph the other day.  The Post Office approached children to design their literature for their financial services products, and their answers are brilliant. Asked to explain 'inflation', seven year old…

Children do better with money

Welcome to 2009! I'll put some thoughtful commentary here next week about the outlook for the year, but here's an interesting idea spotted in the Telegraph the other day.  The Post Office approached children to design their literature for their financial services products, and their answers are brilliant. Asked to explain 'inflation', seven year old…

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