Things we're reading today include … A £30bn talk for Merkel and Hollande FSA demands new legal powers after Libor manipulation scandal Cable promises 'business bank' 'Gentle giant' Paul Volcker has too little time left to fix the world UK pledges $1.6 billion for state-backed business bank Euro zone to boost bailout fund firepower to…
Our biggest stories of the past week are … What Star Trek tells us about banking For years, I’ve been a fan of Star Trek, and have used their innovations in many presentations, but I’ve always wondered: how come there’s no money on the Star Ship Enterprise? Is everything free? Not exactly. My supposition was…
Things we're reading today include … Spanish bank bad debts at record Lord O'Donnell: Bank favourite who wants to leave advising behind UBS questioned €3.6bn of trades by Kweku Adoboli weeks before his arrest Standard Chartered says wholesale banking profits to double Exclusive: Morgan Stanley infrastructure fund hit by Volcker rule Square – upwardly mobile…
Things we're reading today include … Wall Street braced for Occupy first anniversary protes Occupy Wall Street protesters hold rally in New York to mark anniversary VIDEO: What did Occupy movement achieve? Treasury 'slow' on Northern Rock Northern Rock should have been nationalised 'quicker' Wonga profits from loan demand £3bn Sberbank stake sale under way…
Things we're reading today include … Could FSA chairman Lord Turner be next to lead the Bank of England? Plenty more wonga for payday lender Bank-bashing London 'at risk of losing out' to New York Lloyds has 'absolutely no plans' to end free banking Industry optimist with a ‘big hairy audacious goal’ Greece euro exit…
Things we're reading today include … First Data, Accenture, VocaLink Team Up on Real-time Payments in Australia Apple snubs key NFC mobile payment method Barclays boss Antony Jenkins tells staff to think about customers' feelings Standard Chartered 'close to US settlement over money laundering claims' The UBS whistleblower: Bradley’s winnings Northern Rock 'lessons to learn'…
Things we're reading today include … New Barclays chief Walker calls for an end to 'unfair' free bankingThe Independent New Barclays chairman sets out challengesFinancial Times Short-termism has been 'hugely damaging' for banks says Sir David WalkerThe Telegraph UBS whistleblower Bradley Birkenfeld paid $104mThe Telegraph Banker fined over HBOS collapseBBC Germany approves bailout…
Things we're reading today … UBS whistleblower Bradley Birkenfeld awarded $104mThe Telegraph U.S. expects to earn $15.1 billion from bailing out AIG: TreasuryReuters Deutsche vows shake-up of bank cultureFinancial Times Knight Capital hires IBM after $440m glitchFinancial Times Knight glitch likely to lead to regulatory changes: CEOReuters Moody's set to downgrade US AAA rating without…
This week's view from Europe, courtesy of Edith Rigler : Towards a banking union – European Commission, 10 September 2012 In a press release issued today, the Commission sets out the reasons for establishing a banking union across the EU. On 12 September, it will present a regulation establishing an ambitious single supervision mechanism for banks in…
