The man voted by GQ magazine as more powerful than Alastair Darling, our Chancellor, is Robert Peston. Peston has been the BBC man who broke the Northern Rock story, and almost every hot banking story since. Today, he sat with other journo's in front of the House of Commons Treasury Select Committee and this time…
The man voted by GQ magazine as more powerful than Alastair Darling, our Chancellor, is Robert Peston. Peston has been the BBC man who broke the Northern Rock story, and almost every hot banking story since. Today, he sat with other journo's in front of the House of Commons Treasury Select Committee and this time…
OK, so I said banks should stop advertising and they did. Not a single bank ad at this year's SuperBowl extravaganza. With 100 million viewers, the SuperBowl spots are the most expensive ever, raking in $206m (£141m) in advertising for NBC. That's about $3 million per 30-second slot, or $100,000 per second. A lot more…
OK, so I said banks should stop advertising and they did. Not a single bank ad at this year's SuperBowl extravaganza. With 100 million viewers, the SuperBowl spots are the most expensive ever, raking in $206m (£141m) in advertising for NBC. That's about $3 million per 30-second slot, or $100,000 per second. A lot more…
Talking of the Davos jamboree, I'm going to a couple of jamborees in Asia this year. The first is the Asian Payments Summit from 9th to 12th March in Hong Kong. I was there last year and it proved useful, withover 160 folks talking about all sorts of stuff from regulation, infrastructures, new delivery channels,…
Talking of the Davos jamboree, I'm going to a couple of jamborees in Asia this year. The first is the Asian Payments Summit from 9th to 12th March in Hong Kong. I was there last year and it proved useful, withover 160 folks talking about all sorts of stuff from regulation, infrastructures, new delivery channels,…
This week's Economist has a really interesting 14-page supplement all about The Future of Finance, as well as a front page looking inside bank's toxic assets. It immediately caught my attention, as I'm a sad git who gets more excited by magazines with covers that mention banks than I do with ones that have half-dressed…
After losing 74% of their value in the past two weeks, Barclays clawed back much of their market capital losses today thanks to this letter: Open letter from Marcus Agius and John Varley SIGNIFICANT PRE-TAX PROFITS IN 2008 RECORD INCOME LEVELS ABSORB £8BN OF GROSS CREDIT MARKET WRITE DOWNS IN 2008 (£5BN NET) RELEASE OF…
After losing 74% of their value in the past two weeks, Barclays clawed back much of their market capital losses today thanks to this letter: Open letter from Marcus Agius and John Varley SIGNIFICANT PRE-TAX PROFITS IN 2008 RECORD INCOME LEVELS ABSORB £8BN OF GROSS CREDIT MARKET WRITE DOWNS IN 2008 (£5BN NET) RELEASE OF…
After losing 74% of their value in the past two weeks, Barclays clawed back much of their market capital losses today thanks to this letter: Open letter from Marcus Agius and John Varley SIGNIFICANT PRE-TAX PROFITS IN 2008 RECORD INCOME LEVELS ABSORB £8BN OF GROSS CREDIT MARKET WRITE DOWNS IN 2008 (£5BN NET) RELEASE OF…
