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Opinion

Is ethical banking a thing?

I just stumbled across a great article about ethical banking. We can call it socially useful banking or green banking or whatever, but it’s all about a bank’s role in society and the scheme of things. Are banks doing the right or wong things? My gut feeling is that banks …

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The day the old bank died

For many years I’ve enjoyed talking about the origins of banking with the Medici’s in the Renaissance era. Amazingly, one bank has survived since then and I use them to talk about the oldest bank in the world. Do you know which bank that is?         Monte …

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Branches, cash and cards? Get out of here!

I’ve been presenting and writing about the end of branches, cash and cards for twenty years: 2007: Bank strategies are fundamentally flawed – design around IP, not branches To be clear, I’m not saying they’re dead. I’ve been saying their role is replaced by the network and digitalisation. Digitalisation is …

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Will you take the red or the blue pill?

What is time? Do you have any idea? What is the time right now? Does it exist? Einstein says ‘no’. “Time does not exist. We invented it.” Some guy called Albert pic.twitter.com/JS9JMfEyJk — Chris Skinner (@Chris_Skinner) August 28, 2021   Building on Einstein’s quote, I used to regularly present that the …

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What if you had “f**k you money”?

I was quite taken by South Park’s co-creator Matt Stone talking to Bloomberg, about a deal where he and his co-founder Trey Parker just got paid $900 million to make six more seasons and 14 movies. His specific comment: “As you can see from this deal, we have f**k you money …

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In the Finverse, trading is just gaming in reality

Building on the Finverse, I always remember the big trading scandals of the 2000s with Jérôme Kerviel of Société Générale and Kweku Adoboli of UBS. In fact, it probably applies to all rogue traders of notoriety, including the most infamous one, Nick Leeson of Barings Bank. What did they all …

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