Banks have great treasures behind their marble veneers, as demonstrated by their art collections. UBS own around 40,000 art objects, including works by artists such as Jean-Michel Basquiat and Andy Warhol, and JP Morgan Chase is known for having a significant collection, established 50 years ago by David Rockefeller. It was also notable that, as…
The Finanser’s mate Brett King – Chris Skinner “taught me everything I know” - was in a webinar yesterday, talking about the future of banking with some good stats to back up ideas. A key one is that the average number of in-branch transactions has declined by a quarter in the last four years, from around 11,400…
The Finanser’s mate Brett King – Chris Skinner “taught me everything I know” - was in a webinar yesterday, talking about the future of banking with some good stats to back up ideas. A key one is that the average number of in-branch transactions has declined by a quarter in the last four years, from around 11,400…
Originally NAB came up with a brilliant campaign to differentiate themselves from the other mainstream banks in Australia with a campaign called “The Breakup”. I really liked it, but they haven’t really followed it through as their next campaign was good, but completely unrelated to The Breakup. This one was all about trying to get…
Originally NAB came up with a brilliant campaign to differentiate themselves from the other mainstream banks in Australia with a campaign called “The Breakup”. I really liked it, but they haven’t really followed it through as their next campaign was good, but completely unrelated to The Breakup. This one was all about trying to get…
The Volcker Rule, named after former head of the Federal Reserve Paul Volcker who advised on the investment banking reforms of the Dodd-Frank legislation, has been rumoured for ages and was originally a proposal to ban proprietary trading completely. Proprietary, or prop trading, is where a bank speculatively plays the markets from their own P&L…
The Volcker Rule, named after former head of the Federal Reserve Paul Volcker who advised on the investment banking reforms of the Dodd-Frank legislation, has been rumoured for ages and was originally a proposal to ban proprietary trading completely. Proprietary, or prop trading, is where a bank speculatively plays the markets from their own P&L…
It’s a Sunday morning and I’m asked to contribute to a debate on the BBC’s Sunday Morning Live (using awful Skype webcam) about whether the rich should feel a moral obligation to pay more tax.* My take on this is that the rich make their money through businesses generally that are tax efficient through tax avoidance…
