Chris Skinner's blog

Shaping the future of finance

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This is the www.recession

People have talked about an L-shaped, U-shaped, V-shaped or even LUV-shaped recessions, but don’t believe them. This is not a LUVerly recession, it’s a nasty one as demonstrated yesterday by the news that Dubai is deeply in distress. Dubai's news will make this the internet, or WWW-recession. Just as we get a bit bolder –…

Dubai debt

Chi-X exploits LSE’s weaknesses further

There’s plenty of innovation in banking right now, from investment through commercial to retail banking. And it’s not just amongst the big banks, the thriving banks and the growing banks but amongst the struggling banks, the tarnished banks and the zombie banks too.  For example, Citi is spending a billion dollars on new payments technologies…

Chi-X exploits LSE’s weaknesses further

There’s plenty of innovation in banking right now, from investment through commercial to retail banking. And it’s not just amongst the big banks, the thriving banks and the growing banks but amongst the struggling banks, the tarnished banks and the zombie banks too.  For example, Citi is spending a billion dollars on new payments technologies…

Monstra mihi pecuniam!

The story of the month has to be the scandal mentioned two weeks ago regarding the Hedge Fund Manager and the Prostitutes. It's been filling our papers for weeks, and is the sex harassment case between Canadian Jordan Wimmer against multimillionaire hedge fund manager Mark Lowe. Here's just a small selection of the many headlines…

Monstra mihi pecuniam!

The story of the month has to be the scandal mentioned two weeks ago regarding the Hedge Fund Manager and the Prostitutes. It's been filling our papers for weeks, and is the sex harassment case between Canadian Jordan Wimmer against multimillionaire hedge fund manager Mark Lowe. Here's just a small selection of the many headlines…

I.O.U.S.A… now pay up!

Interesting film made last year about America's debt.  Here's the short trailer: and you can download and watch the whole thirty minute movie from the IOUSA website. What's the movie about?  Here's the short thirty minute description: Wake up, America! We're on the brink of a financial meltdown. I.O.U.S.A. boldly examines the rapidly growing national…

I.O.U.S.A… now pay up!

Interesting film made last year about America's debt.  Here's the short trailer: and you can download and watch the whole thirty minute movie from the IOUSA website. What's the movie about?  Here's the short thirty minute description: Wake up, America! We're on the brink of a financial meltdown. I.O.U.S.A. boldly examines the rapidly growing national…

Entrepreneurs avoid borrowing

Techcrunch analysed the views of 549 company founders to see what made them successful. After “experience” and “management team”, “good fortune” was the third most important factor. But the bit that intrigued was the way these guys started their businesses and what finances they used. Apparently, nearly all began by using personal savings first, and…

Techcrunch

Entrepreneurs avoid borrowing

Techcrunch analysed the views of 549 company founders to see what made them successful. After “experience” and “management team”, “good fortune” was the third most important factor. But the bit that intrigued was the way these guys started their businesses and what finances they used. Apparently, nearly all began by using personal savings first, and…

Techcrunch

Talking about bank failures

As we look towards the end of the year with America suffering one of the worst year's for bank failures in recent history (over 120 so far this year), I was impressed by an image at the Tretyakov Gallery of Russian Art in Moscow. A painting by Vladimir Makovsky …   Can you guess what…

Makovsky, Bank Failure, 1880