Once news has broken, it becomes an avalanche. Jerome Kerviel loses €5 billion … 7,000 news items later and it’s old news. Credit Suisse panned over an unexpected $2.85 billion write-down … 2,000 new items later and it’s old news. Northern Rock goes down the toilet, can’t find a buyer and is nationalised … yep,…
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…
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…
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…
