The world of UK banking is expected to be shaken, not stirred, later this week when the Royal Bank of Scotland announces the worst results in UK banking history with a £1 billion loss for the first six months of 2008. This follows similar bad news from Northern Rock (£585 million/$1.6 billion loss), Lloyds TSB (profits down…
The BBC reports today that Microsoft is planning to create a whole new operating system called Midori, which is being developed because "Windows is unlikely to be able to cope with the pace of change in future technology and the way people use it." Hence, Midori is being created as an operating system focused upon…
The BBC reports today that Microsoft is planning to create a whole new operating system called Midori, which is being developed because "Windows is unlikely to be able to cope with the pace of change in future technology and the way people use it." Hence, Midori is being created as an operating system focused upon…
Yesterday’s post prompted me to revisit the part of the BBC’s website with the credit loss timeline to see where we stand today. According to the various announcements, this is the latest list of consolidated subprime losses: Citigroup: $40.7bnUBS: $38bnMerrill Lynch: $31.7bnHSBC: $15.6bnBank of America: $14.9bnMorgan Stanley $12.6bnRoyal Bank of Scotland: $12bnJP Morgan Chase: $9.7bnWashington…
Yesterday’s post prompted me to revisit the part of the BBC’s website with the credit loss timeline to see where we stand today. According to the various announcements, this is the latest list of consolidated subprime losses: Citigroup: $40.7bnUBS: $38bnMerrill Lynch: $31.7bnHSBC: $15.6bnBank of America: $14.9bnMorgan Stanley $12.6bnRoyal Bank of Scotland: $12bnJP Morgan Chase: $9.7bnWashington…
Yesterday’s post prompted me to revisit the part of the BBC’s website with the credit loss timeline to see where we stand today. According to the various announcements, this is the latest list of consolidated subprime losses: Citigroup: $40.7bnUBS: $38bnMerrill Lynch: $31.7bnHSBC: $15.6bnBank of America: $14.9bnMorgan Stanley $12.6bnRoyal Bank of Scotland: $12bnJP Morgan Chase: $9.7bnWashington…
The credit crunch is biting for many of us.From the major subprime losses reported by the banks, to the investment bankers losing their spouses, to the city traders who no longer enjoy their love life, times are bad. Outside the City we also see the issues, from soaring energy prices and inflationary pressures through to…
I met David Birch yesterday, or Dave to his friends, guru of all things to do with mobile and card payments. Lovely chap. What I did not realise is that he’s also seriously subversive and in danger of being exposed to the Government’s new 42-day detention criteria for being a dodgy chappie. What do I…
