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If you haven’t spotted it, Bloomberg is running a great analysis of the challenges Citigroup faces and particularly what their latest CEO, Vikram Pandit, is trying to achieve.  Well worth the read.

Well I never.  The Royal Bank of Scotland’s insurance division, Churchill, are in deep water over their latest advert using the Whitesnake song, "Here I Go Again", as background.  No, not for using the Whitesnake song, but for sneaking in the F-word at the end of the advert.  Listen to this yourself: OK, so you’ve…

Well I never.  The Royal Bank of Scotland’s insurance division, Churchill, are in deep water over their latest advert using the Whitesnake song, "Here I Go Again", as background.  No, not for using the Whitesnake song, but for sneaking in the F-word at the end of the advert.  Listen to this yourself: OK, so you’ve…

For a while now, I have not posted a story about Second Life or other virtual worlds in banking … because there has been no story to tell.  This is because the virtual bank collapses in Second Life during the summer of last year took the shine off this area a little.  Although banks are…

For a while now, I have not posted a story about Second Life or other virtual worlds in banking … because there has been no story to tell.  This is because the virtual bank collapses in Second Life during the summer of last year took the shine off this area a little.  Although banks are…

For a while now, I have not posted a story about Second Life or other virtual worlds in banking … because there has been no story to tell.  This is because the virtual bank collapses in Second Life during the summer of last year took the shine off this area a little.  Although banks are…

I had a conversation yesterday which builds upon a previous blog. The conversation resulted in an insight which seems pretty obvious, but may be rarely stated. Operations people understand the business, technology people don’t. Read more …

I had a conversation yesterday which builds upon a previous blog. The conversation resulted in an insight which seems pretty obvious, but may be rarely stated. Operations people understand the business, technology people don’t. Read more …

Over the weekend were the frightening reports of  the American mortgage industry facing collapse, as IndyMac moved into administration, followed by the departure of shareholders from Freddie Mac and Fannie Mae faster than rats from a sinking ship.  Freddie and Fannie’s share price was down 20% on the week, raising the spectre of the Fed…

I was amused to hear the comment this week that bankers aren’t paranoid enough. The comment was made in the context that bankers do not believe things change very fast, so why should they be concerned about change? The markets move in their own time, infrastructure is hard to change, long-term investments are just that:…