Chris Skinner's blog

Shaping the future of finance

Reading

Things worth reading: 30th July 2012

Things we're reading today include … Libor scandal: RBS facing huge fine, warns chief Stephen HesterThe Telegraph RBS pays more than £25m to businessman David Agar over interest rate swapsThe Telegraph How can RBS chief Stephen Hester fix the taxpayer's broken bank?The Telegraph HSBC to set aside £600m to cover mis-selling and money laundering scandalsThe…

The Finanser’s Week: 23rd July – 29th July 2012

Our biggest stories of the past week are … SWIFT, Visa, Mastercard and T2S? The Financial Services Club is repeating the survey started in 2011 reviewing the changing face of payments infrastructures.  We would be delighted if you would join this year’s survey: click here to take part. UK House of Lords to investigate reform of…

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Things worth reading: 27th July 2012

Things we're reading today include … 'Two million' Nationwide transactions hit by 'technical glitch'The Telegraph Barclays told to stop fundraising for Mitt RomneyThe Telegraph Lloyds Banking Group posts loss as PPI costs rise by £700mThe Telegraph Lloyds chief admits industry is in deep crisisThe Independent Lloyds reveals loss after PPI hitThe Independent Visa Reports Fiscal…

Things worth reading: 26th July 2012

Things we're reading today include … HSBC is fined £18m in MexicoThe Independent Visa reports loss after settling suitFinancial Times Deutsche Bank profits hit by weak euroThe Telegraph End of an era as LME is sold for £1.4bnFinancial Times Payday lenders agree new rulesBBC   Shake-up looms over securities lendingFinancial Times Barclays admits Libor scandal…

Things worth reading: 25th July 2012

Things we're reading today include … Bank regulation is flawed, says FSA chief Lord Adair TurnerThe Independent Free banking should end, says FSA head Lord TurnerThe Telegraph   Tory peer Lord Green: I 'regret' HSBC money laundering failures The Telegraph   Some Libor fixing 'hard to spot'BBC Deutsche Bank internal Libor clears board – reportThe…

Things worth reading: 24th July 2012

Things we're reading today include … Sale of Rock to bring in an extra £538mThe Independent Taxpayers get an extra £538m from Northern Rock saleThe Telegraph Bank of America Begins Rollout of Chip Credit Cards to ConsumersPayments News AUDIO: Cash card doubles up as ID cardBBC   What's gone wrong with the banks?BBC Insider-dealing ring…

Things worth reading: 23rd July 2012

Things we're reading today include … Lloyds in further loan sale turmoilThe Telegraph Lloyds vows to speed up ring-fencingThe Telegraph   Can Barclays' investment bank arm keep producing the billion-pound goods?The Telegraph Bob Diamond's lieutenant rules himself out of Barclays top jobThe Telegraph Libor scandal: Sir Michael Rake reportedly out of running for Barclays chairman…

The Finanser’s Week: 16th July – 22nd July 2012

Our biggest stories of the past week are … What's banking got to do with the Price of Fish? Professor Michael Mainelli and Ian Harris (see bio's at end of blog entry) are regular guests of the Financial Services Club, and were invited back to close the London season of meetings with an engaging discussion…

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Things worth reading: 20th July 2012

Things we're reading today include … Lloyds sells 632 branches to Co-op for £1.25bn less than hoped forThe Telegraph Five million Lloyds customers switched to Co-opThe Telegraph Co-op to buy Lloyds bank branches BBC Lloyds investors count the cost of cut-price branch deal with Co-opThe Independent Co-op branch deal looks ugly for Lloyds Banking GroupThe…

Things worth reading: 19th July 2012

Things we're reading today include … Vatican bank report blasts management and lack of transparencyThe Telegraph Marks & Spencer to charge for its bank accountsThe Telegraph Capital One fined for mis-sellingBBC Credit Suisse to boost capital by Sfr15.3bnThe Telegraph Credit Suisse – Swiss rollFinancial Times Cost cuts boost Bank of AmericaBBC LSE meets growth forecastsFinancial…