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…
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…
Last week was a joyride wasn't it? We saw the inauguration of a new President in America, Heartland Payment Systems had a malware that infected and disclosed pretty much all the card details of every American citizen, the UK government pumped a further £200 billion ($300 billion) into the banking system and effectively nationalised Royal…
Last week was a joyride wasn't it? We saw the inauguration of a new President in America, Heartland Payment Systems had a malware that infected and disclosed pretty much all the card details of every American citizen, the UK government pumped a further £200 billion ($300 billion) into the banking system and effectively nationalised Royal…
Last week was a joyride wasn't it? We saw the inauguration of a new President in America, Heartland Payment Systems had a malware that infected and disclosed pretty much all the card details of every American citizen, the UK government pumped a further £200 billion ($300 billion) into the banking system and effectively nationalised Royal…
In a scathing interview with The Times yesterday Lord Myners', Gordon Brown's City Minister, states that the UK's banks almost collapsed last October: “We were very close on Friday, October 10. There were two or three hours when things felt very bad, nervous and fragile. Major depositors were trying to withdraw — and willing to…
