Stumbled across an interesting report from McKinsey that says business as usual is not an option for American banks. They'll go out of business if they don't change their business models, as average Return on Equity will sink from 11% to 7% by 2015, whilst the cost of equity will reach 9%. That means…
That's me done … will return here on 3rd January so, in the meantime, Joyeux Noël and Feliz Navidad. Here's a few of my favourite ecards this year. First, the Financial Services Club's of course … You may recognise it as our favourite new badge, and this is the specially commissioned Club cartoon by Hugh…
That's me done … will return here on 3rd January so, in the meantime, Joyeux Noël and Feliz Navidad. Here's a few of my favourite ecards this year. First, the Financial Services Club's of course … You may recognise it as our favourite new badge, and this is the specially commissioned Club cartoon by Hugh…
I’ve been down to the #OccupyLSX, or #OLSX for short, site several times. That’s the Occupy London Stock Exchange site for those not following them on twitter. They were inspired by the #OccupyWallStreet, or #OWS folks, who began protesting back in September. Our group is a similar rag, tag and bobtail amalgamation of disparate folks,…
I’ve been down to the #OccupyLSX, or #OLSX for short, site several times. That’s the Occupy London Stock Exchange site for those not following them on twitter. They were inspired by the #OccupyWallStreet, or #OWS folks, who began protesting back in September. Our group is a similar rag, tag and bobtail amalgamation of disparate folks,…
There are evangelists and dogmatics across the banking spectrum. On the one hand, I have regular debates with mobile extremists who believe cash is dead; on the other, there are those who are still fighting to keep the cheque in existence, and even lobbying to bring back cheque guarantee cards (they were phased out in…
