This month's view from Europe, courtesy of Edith Rigler: Euro zone inflation down –Eurostat,news release 7 January 2014 Euro area annual inflation is expected to be 0.8% in December 2013, down from 0.9% in November3, according to a flash estimate4 from Eurostat, the statistical office of the European Union. EU set to drop ringfencing of big…
Things we're reading today include … Goldman Sachs' predictions for the UK in 2014 Goldman, JPMorgan and peers must rethink pay to meet EU cap JPMorgan Chase names Kristin Lemkau chief marketing officer JP Morgan raised concerns over Bernard Madoff 10 years before he was arrested JP Morgan could pay $2bn fine over failures linked…
Things we're reading today include … Regulators to investigate Co-op Bank Co-op Bank investigations are likely to reveal just plain incompetence EU bank trading plan stops short of U.S. Volcker Rule Softer European ring-fence rules could hurt UK banks Swiss central bank slumps to £6bn loss Why are the Mint countries special? China to create…
Things we're reading today include … The bank boss who likes to be different Watchdog slams Deutsche Bank for Libor probe response: report Bitcoin crosses $1,000 on Zynga move Carney wins approval of finance directors JPMorgan nears $2 billion settlement in a case tied to Madoff: NYT UK debt 'may become harder to sell' China…
Our biggest stories of the past week are … The story of the official Financial Services Club's Bear! The Financial Services Club finished the year with a party, of course. This party was at one of the ancient livery companies of London, the Wax Chandler’s Hall (what’s a wax chandler?), and dedicated to the newly…
Things we're reading today include … Eurozone ministers agree bank deal Europe welcomes 'unprecedented' banking union agreement Big funding questions remain over the EU's banking union Analysis: Europe's half-hearted bid to protect its banks Brussels chief Michel Barnier bans banker meetings Mortgage case against Deutsche Bank filed too late: NY court Citi to move NYC…
Things we're reading today include … Bitcoin crashes as China's biggest exchange blocks Yuan deposits Lloyds Bank share sale 'lost £230m' JPMorgan seeks more than $1 billion from FDIC over WaMu claims JP Morgan bans instant message chats Swedish payments firm challenges US rivals Optimism on Spanish banks grows An African tycoon who could bring…
Things we're reading today include … Bob Diamond makes triumphant return to the City with a new African banking business Co-op Bank creditors approve deal A £38bn ‘subsidy’ for Big Four hits small banks Lloyds share sale made a 'loss', says NAO George Osborne may have lost the taxpayer money on Lloyds but he is…
Talking of the top bank news, here are the top 10 blog entries of 2013 by page views: Number 10: #AskJPM? No way … JPMorgan’s social media disaster November JPMorgan had this great idea this week: to host a twitter Q&A using the hashtag #AskJPM. They pushed the meeting quite hard on twitter, with various…
Things we're reading today include … ECB releases euro note computer game Financial services sector paid £65bn tax City taxes highest since financial crisis Lloyd's of London appoints first ever female chief executive Inga Beale RBS exits £8bn insurance policy NZ regulator to prosecute banks over swaps sales to farmers Chimpanzee dressed in a suit…
