Home / Opinion (page 49)

Opinion

Wonga: another web disruption for loans

During the week, I enjoyed lunch with a venture capitalist who works with start-up firms that are innovating in financial services. One of the businesses he’s investing in is Wonga, another business that appears to be disrupting banks' business models in the same way as Zopa has been. I’d never …

Read More »

Wonga: another web disruption for loans

During the week, I enjoyed lunch with a venture capitalist who works with start-up firms that are innovating in financial services. One of the businesses he’s investing in is Wonga, another business that appears to be disrupting banks' business models in the same way as Zopa has been. I’d never …

Read More »

The Banking Bird Feeder

I bought a bird feeder and hung it on the patio the other week. I filled it with seed every day to see if it would attract the birds. Within a week, there were hundreds of birds feeding on the continuously free and easily accessible food. I enjoyed watching them …

Read More »

The Banking Bird Feeder

I bought a bird feeder and hung it on the patio the other week. I filled it with seed every day to see if it would attract the birds. Within a week, there were hundreds of birds feeding on the continuously free and easily accessible food. I enjoyed watching them …

Read More »

Are these the green shoots of recovery?

After billions of dollars in bailouts and bonuses hit the decks, can we finally say that the worst is behind us? Many of us would like to think so, and possibly they could be right. I mean how much of this recession, depression, gaping black hole or whatever you want …

Read More »

Bankers deserve bonuses? You’re an idiot!

Thanks for all the comments providing the balance to my promotion of the idea that bankers deserve their bonuses yesterday. Here’s the contrarian view I could have put forward, but left out: How could you possibly agree with the idea that bankers deserve their bonuses, you schmuck? That’s just darned …

Read More »

Fred the Shred becomes Fred the Tread?

There’s a wonderful rumour that’s circulating about Sir Fred Goodwin taking over from Max Mosley as head of Formula 1, the fast car racing league that travels the world in a carnival of cars and cash. It's not a popular rumour with some, as there’s a lot of anger over …

Read More »

Fred the Shred becomes Fred the Tread?

There’s a wonderful rumour that’s circulating about Sir Fred Goodwin taking over from Max Mosley as head of Formula 1, the fast car racing league that travels the world in a carnival of cars and cash. It's not a popular rumour with some, as there’s a lot of anger over …

Read More »

Bankers deserve their bonuses

I know that this will cause an argument, as I was having this very argument myself, but I cannot let the opportunity pass to report a conversation I was having about City bonuses. The media have a blast every time there’s a rumour of a bonus being paid in a …

Read More »

Alan Greenspan caused this crisis

Back in November 2007, when Alan Greenspan was running around promoting his book, the Age of Turbulence, his kudos was high and standing was great.  It was just a year after leaving office and subprime had hit, but folks thought it was just a $300 billion hole … a mere …

Read More »

Alan Greenspan caused this crisis

Back in November 2007, when Alan Greenspan was running around promoting his book, the Age of Turbulence, his kudos was high and standing was great.  It was just a year after leaving office and subprime had hit, but folks thought it was just a $300 billion hole … a mere …

Read More »

BaaS: Banking as a Service

Two weeks ago, I posted two items about why Banking will be free (Part One and Part Two), and this is Part Three in that series. Banking as a Service (BaaS) is the new version of Banking using the Software as a Service (SaaS) business model. You’re probably all familiar …

Read More »

BaaS: Banking as a Service

Two weeks ago, I posted two items about why Banking will be free (Part One and Part Two), and this is Part Three in that series.  Banking as a Service (BaaS) is the new version of Banking using the Software as a Service (SaaS) business model.  You’re probably all familiar …

Read More »

Jamie Dimon: a CCP for OTC is Bad

Speaking of Jamie Dimon’s appearance at Davos, he called upon a rethink of the Central Clearing System for OTC Derivatives that everyone wants to see in play. The clearing and settlement area is the plumbing of financial service, where all risks of sellers or buyers defaulting are managed by the …

Read More »

JP Morgan’s premature evacuation

As most banks see the brown stuff hitting the fan, they must be really jealous that JPMorgan seem so clean.  JPM’s CEO Jamie Dimon was one of the few bank chiefs willing to stick his head above the parapets this week at Davos, saying things like:“We gave them (customers) weapons …

Read More »