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Shaping the future of finance

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Have I got old news for you …

Today's news headline:  RBS pension deal 'not justified' (BBC) – "The size of former RBS chief Sir Fred Goodwin's pension is not justified, Scottish First Minister Alex Salmond has told Holyrood." One of hundreds of news items criticising the £693,000 pension (today's figures) Sir Fred Goodwin will receive from Royal Bank of Scotland. News headline,…

Banks Wanted – Dead or Alive!

Yesterday, I gave a presentation on the future of banking. This is because I specialise in the future of banking. When I say that I specialise in the future of banking, most people ask: “is there one?” An awful lot of people think there is no future in banking but they are wrong. Of course there…

PEST

Banks Wanted – Dead or Alive!

Yesterday, I gave a presentation on the future of banking. This is because I specialise in the future of banking. When I say that I specialise in the future of banking, most people ask: “is there one?” An awful lot of people think there is no future in banking but they are wrong. Of course there…

PEST

Banks Wanted – Dead or Alive!

Yesterday, I gave a presentation on the future of banking. This is because I specialise in the future of banking. When I say that I specialise in the future of banking, most people ask: “is there one?” An awful lot of people think there is no future in banking but they are wrong. Of course there…

PEST

Robbing the prudent to protect the irrational

The UK's Financial Services Compensation Scheme (FSCS) was increased over the weekend by law from £35,000 to £50,000.  This means that for any banking collapse in the future, savers and depositors get their money back within seven days guaranteed, regardless of their loans and borrowings. This is meant to restore some confidence in the system,…

Robbing the prudent to protect the irrational

The UK's Financial Services Compensation Scheme (FSCS) was increased over the weekend by law from £35,000 to £50,000.  This means that for any banking collapse in the future, savers and depositors get their money back within seven days guaranteed, regardless of their loans and borrowings. This is meant to restore some confidence in the system,…

Will the last to leave the City turn out the lights?

I stumbled across a photographer on the Boston Globe's excellent Big Picture yesterday.  The photographer lives in Britain and his name is Jason Hawkes. Jason's really into aerial photography and his images of the City by night are quite stunning. He's also given me permission to present a few of his shots here, so here…

London at Night #3

The New Economics of Banking

This is my fifth posting about why banking will be free (Parts One, Two,Three and Four). I keep talking about this as it's clarifying my own thinking, and I'm intrigued to see if anyone wants to come up with an alternative. This posting comes around because I was thinking about Banking on the Network and…

Economics1

Can banks twitter?

This year's social networking phenomena has to be Twitter. Ever since Janis Krums posted the first photo of the US Airways plane landing on the River Hudson on Twitter, everyone has been talking about it. From its creation in 2006, it has now become a mainstream tool for blackberriers, mobilers and netters. What's it all…

182613360_6d76db726a

Can banks twitter?

This year's social networking phenomena has to be Twitter. Ever since Janis Krums posted the first photo of the US Airways plane landing on the River Hudson on Twitter, everyone has been talking about it. From its creation in 2006, it has now become a mainstream tool for blackberriers, mobilers and netters. What's it all…

182613360_6d76db726a

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