Over the weekend, there were lots of references to animals in banking. It started with the Financial Times discussing the issues of Jerome Kerviel and the fact that traditional commercial bankers should stay out of investment banking. In this context, it refers to most bankers as chickens, whilst investment bankers are like a pride…
Maybe all the talk of Facebook’s privacy policies being a concern are finally having an impact on people networking online as Facebook had it’s first drop in usage in January. According to Nielsen’s ratings, the number of unique visitors in Britain fell from 8.9 million people in December 2007 to 8.5 million in January 2008. …
"Where’s the best place to head office the bank?" is a question asked regularly by folks like HSBC, and the answer may be quite surprising. Obviously, key contenders would be London, Paris, Frankfurt, New York, Chicago, Sydney, Tokyo, Hong Kong, Singapore … in fact, any of these could be appropriate. Most banks decide based upon…
"Where’s the best place to head office the bank?" is a question asked regularly by folks like HSBC, and the answer may be quite surprising. Obviously, key contenders would be London, Paris, Frankfurt, New York, Chicago, Sydney, Tokyo, Hong Kong, Singapore … in fact, any of these could be appropriate. Most banks decide based upon…
I was prodded to look at this broadcast from Valentine’s Day by Keith Olbermann, anchor for MSNBC in the US of A. Mr. Olbermann is a highly articulate chappie and is obviously a little angry with Mr. Bush over the FISA Bill. This Bill would have allowed the National Security Agency (NSA) to tap into…
Another amazing area of change in the Middle East is the speed with which the banks can change core systems. Many of the banks here have changed their core systems to offer improved wealth management services combined with Shari’ah compliant products. This became clear when one of the keynote presenters asked the audience: “How many…
There were a number of good presentations at my Middle Eastern conference, but the one that stood out was from the Amman Stock Exchange (ASE) in Jordan. Their CIO, Mohammad Hisham Al Khatib, presented their approach to technology and business continuity. He’s been voted CIO of the year in the region by the…
There were a number of good presentations at my Middle Eastern conference, but the one that stood out was from the Amman Stock Exchange (ASE) in Jordan. Their CIO, Mohammad Hisham Al Khatib, presented their approach to technology and business continuity. He’s been voted CIO of the year in the region by the…
In a move that is sad in some ways, but unsurprising in others, ING emailed me today to say that they are closing down Our Virtual Holland (OVH), the experiment in online social networking in Second Life. I guess that they have realised, like many of us, that if Second Life’s banking system cannot be…
