On 22nd July, Fellows of the British Academy Professors Tim Besley, FBA, and Peter Hennessy, FBA, sent this letter (pdf download) to Her Majesty the Queen (heavily edited version follows): Madam When Your Majesty visited the London School of Economics last November, you quite rightly asked: why had nobody noticed that the credit crunch was…
With the largest American bank collapse of 2009 occuring last week – the Colonial Bank Group was taken over by the FDIC, and its assets handed over to BB&T – there have been 83 US bank failures to date, since the crisis began. Here's the list: 2009 Colonial Bank Group, Alabama National Bank of Commerce,…
It's rare to find a bank that makes us laugh, but New Zealand tends to be the place to look if you want to find one. First ASB Bank in New Zealand produced a wonderful advert I've used in many presentations: and now Rabobank's* New Zealand subsidiary, Raboplus, have unveiled the Boring Banker Game. The…
It's rare to find a bank that makes us laugh, but New Zealand tends to be the place to look if you want to find one. First ASB Bank in New Zealand produced a wonderful advert I've used in many presentations: and now Rabobank's* New Zealand subsidiary, Raboplus, have unveiled the Boring Banker Game. The…
Things we're reading today include … Today's must readPayFail: PayPal And Its APIs Go Down, Online Shopping Grinds To A Halt (Techcrunch)"PayPal’s online purchasing service is down for the count. While the site itself appears to be loading (though very slowly), numerous buyers and venders are reporting that sales are not going through." …
Things we're reading today include … Today's must readPayFail: PayPal And Its APIs Go Down, Online Shopping Grinds To A Halt (Techcrunch)"PayPal’s online purchasing service is down for the count. While the site itself appears to be loading (though very slowly), numerous buyers and venders are reporting that sales are not going through." …
Fascinating article in Time Magazine about the anthropology of work and how Wall Street sets the tone and structure of work in the wider society. The headline is that Wall Street workers are liquid workers. I thought that meant that they drank a lot, but the author of Liquidated: An Ethnography of Wall Street Karen Ho,…
Fascinating article in Time Magazine about the anthropology of work and how Wall Street sets the tone and structure of work in the wider society. The headline is that Wall Street workers are liquid workers. I thought that meant that they drank a lot, but the author of Liquidated: An Ethnography of Wall Street Karen Ho,…
After picking up on German media reports about Deutsche Bank being investigated for allegedly spying on shareholders and employees almost a month ago, the spying scandal finally hit the mainstream transatlantic media today. This was thanks to an in-depth report in the Wall Street Journal which other media, such as the Times, are reporting as…
Last week, the European Commission issued a bunch of papers about the financial markets including the results of a survey on post-trade costs, a revision to bank capital and remuneration rules and more … but the most interesting document (pdf link) is probably the one that discussed the state of transposition of various directives under…
