There is a great deal of anger and disquiet bubbling away worldwide thanks to this crisis created by the financial system. I note however, that there seems to be a distinct lack of news coverage on these widespread protests and, in some cases, riots. The start point of such a conversation has to be Iceland,…
I just picked up Boston Consulting Group's (BCG's) annual report on banking which is called “Living with New Realities: Creating Value in Banking 2009”. The preface says it all: "Since the pre-crisis peak, the market capitalisation of the global banking industry has fallen by $5.5 trillion. This is equivalent to 10 percent of global GDP…
I just picked up Boston Consulting Group's (BCG's) annual report on banking which is called “Living with New Realities: Creating Value in Banking 2009”. The preface says it all: "Since the pre-crisis peak, the market capitalisation of the global banking industry has fallen by $5.5 trillion. This is equivalent to 10 percent of global GDP…
I still haven't gotten around to writing up MEFTEC 2009 here yet … will I ever? Yes, as I want to post my BaaS presentation which is coming along well. Meanwhile, Christophe Langlois at Visible-Banking has written a great overview of the conference with pictures. Worth a look if you want to see what we…
There's an interesting little story that's been picked up from a Vince Cable article back in October, where he wrote: "One of the first recognisably modern financial crises was the South Sea Bubble in 1720. Many thousands of sane British citizens – including Sir Isaac Newton – invested their savings in a scam and were…
There's an interesting little story that's been picked up from a Vince Cable article back in October, where he wrote: "One of the first recognisably modern financial crises was the South Sea Bubble in 1720. Many thousands of sane British citizens – including Sir Isaac Newton – invested their savings in a scam and were…
Tomorrow is Abraham Lincoln’s 200th Birthday so it’s good that Tim Giethner, the US Treasury Secretary, has called for $2 trillion, as that's $20 billion to celebrate each year since Mr. Lincoln was born. That's not why he's called for it of course, it's to further sort out the financial system and comes on top…
Tomorrow is Abraham Lincoln’s 200th Birthday so it’s good that Tim Giethner, the US Treasury Secretary, has called for $2 trillion, as that's $20 billion to celebrate each year since Mr. Lincoln was born. That's not why he's called for it of course, it's to further sort out the financial system and comes on top…
I would post a review of the appearance of the former Chairmen and CEO's of RBS and HBOS in front of the Treasury Select Committee, but these headlines say it all: RBS Board Could Have Stopped ABN Takeover, Ex-Chairman Says Bloomberg – USA What the bankers said guardian.co.uk – UK The questions for the former…
