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On the one hand, I applaud them for trying. On the other, how darned stupid can you get? What am I talking about? National Australia Bank, or NAB as they’re now known. I just got wind of what’s going on down under from the Better Banking Blog, who summarise the situation quite well. NAB launched…

I was looking at the layoff trends in banking over the weekend, and it’s pretty hairy.   2007 set a record number of 153,000 US jobs lost in finance, three times the average numbers for the years before according to figures from Challenger Gray, the outplacement firm.   If 2007 was a record, 2008 may…

I’ve heard some pretty dire stories about the credit crunch, but none more so than this Daily Mail effort that says folks cannot even afford to bury their dead. Apparently, "hard-up families are having to wait more than two months before receiving Government money for funerals."  This is because funeral directors used to do the…

I’ve heard some pretty dire stories about the credit crunch, but none more so than this Daily Mail effort that says folks cannot even afford to bury their dead. Apparently, "hard-up families are having to wait more than two months before receiving Government money for funerals."  This is because funeral directors used to do the…

I’ve heard some pretty dire stories about the credit crunch, but none more so than this Daily Mail effort that says folks cannot even afford to bury their dead. Apparently, "hard-up families are having to wait more than two months before receiving Government money for funerals."  This is because funeral directors used to do the…

If you didn’t catch this story in Portfolio Magazine, it’s worth a read.  Here’s a short extract: Brad Birkenfeld, a Director for UBS Bank, "helped the very rich hide tens, if not hundreds, of millions of dollars from U.S. tax authorities. He was willing to go the extra mile for his clients, so he didn’t…

If you didn’t catch this story in Portfolio Magazine, it’s worth a read.  Here’s a short extract: Brad Birkenfeld, a Director for UBS Bank, "helped the very rich hide tens, if not hundreds, of millions of dollars from U.S. tax authorities. He was willing to go the extra mile for his clients, so he didn’t…

I’ve got a job to do … writing reports. Speaking about the future of the industry. Chairing meetings about banking matters. Dining with executives and dialoguing about infrastructures. The trouble is, it’s all gone to pot. Whilst the markets are moving faster than a long-tailed cat in a room full of rocking chairs, I don’t…