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Studies prove that trading turns you into an arsehole

For the past few weeks, the daily headlines have included report after report of insider dealings, trades that were rigged, interest rate setting practices where banks fix things to make a buck and worse.  Here are three examples from just this morning's news: Senior bankers caught up in film investment …

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On Valentine’s Day, do you love your bank?

Victoria-secret19

Well, it’s Valentine’s Day and there’s the usual raft of bank-related love and hate going around. Most of the Valentine’s Day headlines are about giving gifts that won’t break the bank. That’s not surprising when, in the US alone, total jewellery spending is expected to top a staggering $4 billion, …

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Reasons to reject the euro

MErkel Cameron

There’s still lots of debate about the euro and Eurozone, with Greece imploding and now Italy et al all going up the Furka Pass, so to speak. Now I’ve been purposefully avoiding getting into the fray, as it’s not my place, although I’m quite outspoken in media outlets about such …

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That European Joke (Part Two)

Euro

I’ve been loathe to talk too much lately about the Eurozone as it’s just too darned depressing. What with Greece slipping and sliding away, Italy bunga’d out and now France being challenged, it’s just a crazy, crazy moment in history. There’s even a discussion of the Eurozone disbanding, although officials …

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That European Joke (Part Two)

Euro

I’ve been loathe to talk too much lately about the Eurozone as it’s just too darned depressing. What with Greece slipping and sliding away, Italy bunga’d out and now France being challenged, it’s just a crazy, crazy moment in history. There’s even a discussion of the Eurozone disbanding, although officials …

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Something far more frightening than Zombie Bankers

Zombie bankersa

It’s 31st October and you know what that means? Halloween. Ghouls, ghosts and ghoulies abound. And yes, you find plenty of them in the financial system. First, there’s those fiendish Zombie Bankers: These are so popular, there’s even a movie and an iPhone and iPad game to play about them … But the …

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Something far more frightening than Zombie Bankers

Zombie bankersa

It’s 31st October and you know what that means? Halloween. Ghouls, ghosts and ghoulies abound. And yes, you find plenty of them in the financial system. First, there’s those fiendish Zombie Bankers: These are so popular, there’s even a movie and an iPhone and iPad game to play about them … But the …

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Inside the bank’s boardroom crisis meeting

Welcome to the first of what may be many fly-on-the-wall (FOTW) reports of internal bank management matters. In this first FOTW report, we sent Marty, our Scottish fly, into the monthly management meeting of one of the world’s largest banks, Megabank (stock ticker: MGB). Here’s how it went. 10:00, FTSE …

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Inside the bank’s boardroom crisis meeting

Welcome to the first of what may be many fly-on-the-wall (FOTW) reports of internal bank management matters. In this first FOTW report, we sent Marty, our Scottish fly, into the monthly management meeting of one of the world’s largest banks, Megabank (stock ticker: MGB). Here’s how it went. 10:00, FTSE …

Read More »

American Excess rather than Express

So I can’t find my American Express Card. Looked everywhere and it’s lost. Darnit. I Google “AMEX lost corporate card”, and find an American telephone number. Harumph. So I Google “AMEX lost corporate card UK”, and find the UK 01273 telephone number and call it. “Hello and welcome to American …

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American Excess rather than Express

So I can’t find my American Express Card. Looked everywhere and it’s lost. Darnit. I Google “AMEX lost corporate card”, and find an American telephone number. Harumph. So I Google “AMEX lost corporate card UK”, and find the UK 01273 telephone number and call it. “Hello and welcome to American …

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Bribery, corruption and banking

I’m sitting in a restaurant the other day, and hear the following conversation … Banker One: “So what’s this Bribery Act thingamajig?” Banker Two: “New Law.  Came into force July 1st.” mnum, yum, mnum. Banker One: “Yea, I know that”, mnum yum. “I meant what does it mean?” Banker Two: glug, …

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Things a banker says, and what they really mean

I know we see these things all the time – what someone says and what they really mean – but I haven’t seen many for bankers, so here’s a few that I’ve encountered over the years, and my interpretation. What they say: “You’re good for this loan?” What they mean: …

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That European Joke

British male

I’m quite pro-European as it goes.  Roughly translated, as I’m British, this means that as long as the Eurocrats stay in Europe and out of the UK, that’s fine.  It's also because the main benefit is that I enjoy holidays without having to worry about changing currencies. In truth, I'm …

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