Uncategorized

Mar 28, 2009

Understanding the crisis of credit

Jane Wells of CNBC says that her 18-year old daughter only understood the credit crisis after watching this 12 minute video: The Crisis of Credit Visualized from Jonathan Jarvis on Vimeo. Seems worthwhile to reference this here then.

Mar 23, 2009

Sir Fred’s pension was doubled up by Sir Tom

The never-ending UK story about ex-CEO of Royal Bank of Scotland Fred Goodwin's pension rumbles on, with tonight's Evening Standard reporting that Sir Tom McKillop, Chairman of RBS, doubled the pension pot hours before Sir Fred's departure:"Evidence to the Treasury select committee shows a 'compromise agreement' drafted for Sir Fred had assumed he would not…

Mar 23, 2009

Sir Fred’s pension was doubled up by Sir Tom

Mar 21, 2009

The First Bank of the United States

Interesting clip on YouTube posted this week, which dramatises the moment Alexander Hamilton proposed the First Bank of the United States. I particularly liked the line from Thomas Jefferson: "I fear our revolution will have been in vain if a Virginia farmer is to be held in hock to a New York stock jobber who, in…

Mar 21, 2009

The First Bank of the United States

Mar 21, 2009

The First Bank of the United States

Mar 20, 2009

MSNBC rip into Citi and Vikram Pandit

Tracy Bramlet blogs over at Finextra about this item from MSNBC: This is building inflammation on top of inflammation, after seeing the anger over AIG stirred into real anger with this diatribe. I predict a riot. Here's the transcript if you'd rather read it than view it: Wall Street treated the bailout bill like a…

Mar 12, 2009

Jamie Dimon’s speech to US Chamber of Commerce

CNBC’s transmission of JPMorgan Chase’s CEO, Jamie Dimon, giving a speech to the US Chamber of Commerce on the financial crisis yesterday: Mr. Dimon says that those looking for a ‘silver bullet’ to solve the crisis will be disappointed. Maybe they should just practice premature evacuations instead?

Mar 11, 2009

Vikram’s Citi email that jumped the stock

You've probably seen it but, just in case, here's Vikram Pandit's internal memo that was leaked and resulted in a nice little jump in the stock price this week: From: Vikram Pandit Subject: Capital Strength and Earnings Power Sent: Mon Mar 09 21:12:44 2009 Dear Citi Colleagues, After a broad sell off in the markets…

Mar 8, 2009

Do we challenge our trust in money?

I’ll post lots of serious stuff this week about payments, as I’m chairing a conference about payments processing developments all week. The conference will cover everything from mobile and contactless through SEPA and SWIFT, and many believe that payments is an area that has a positive vibe in banking as ‘Transaction Services’ – the payments…