Since technology first appeared in the financial world, we have worked harder and harder to use automation to reduce costs and increase efficiency. We successfully made the back office a processing machine, whilst trying hard to create a front office where customers serve themselves. Well, we have succeeded. We have managed to get customers out…
A recent quote was on a UK poster. The quote was from Jeremy Clarkson, the biggest bloke (translates into yob, lout, brute) in Britain, and it said: “money and rumpy-pumpy are the twin engines powering everything we do”. … in other words, money and sex make the world go around. Now, there is some truth…
The ACT summit in Edinburgh has had a wide range of speakers of variable quality. However, today’s keynote is one that most people take note of: James Wolfensohn. Wolfensohn is well-known for an illustrious career, including close work with Paul Volcker, the former chairman of the Federal Reserve, and a tenure as President of the…
The ACT summit in Edinburgh has had a wide range of speakers of variable quality. However, today’s keynote is one that most people take note of: James Wolfensohn. Wolfensohn is well-known for an illustrious career, including close work with Paul Volcker, the former chairman of the Federal Reserve, and a tenure as President of the…
The ACT summit in Edinburgh has had a wide range of speakers of variable quality. However, today’s keynote is one that most people take note of: James Wolfensohn. Wolfensohn is well-known for an illustrious career, including close work with Paul Volcker, the former chairman of the Federal Reserve, and a tenure as President of the…
The best story of the week is the leaked email from Der Spiegel of Deutsche Bank’s instructions to employees to give up their sex and drugs and rock ‘n’ roll. As the credit crunch hits, no more market excesses are allowed, with Deutsche’s staff to shave and shower at airports (instead of booking into hotels),…
