Chris Skinner's blog

Shaping the future of finance

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NAB’s latest ad campaign – getting nasty?

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…

Honest NAB

Final Volcker Rule details are leaked

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…

Final Volcker Rule details are leaked

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…

Just a brick in the Wall … Street

Obviously, many of you will be aware of the #OccupyWallStreet protest by now. If you’re not, it may be that you were at #SIBOS when it all started, so here’s the low down. My friend who lives on Wall Street told me that a bunch of around 200 protestors set up camp in the park by Wall…

Protest_wall_street1

Just a brick in the Wall … Street

Obviously, many of you will be aware of the #OccupyWallStreet protest by now. If you’re not, it may be that you were at #SIBOS when it all started, so here’s the low down. My friend who lives on Wall Street told me that a bunch of around 200 protestors set up camp in the park by Wall…

Protest_wall_street1

Don’t punish the rich with taxation … incentivise them

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…

Don’t punish the rich with taxation … incentivise them

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…

Banks are awful, says the FSA

Email received 08:47, 29/09/2011: Dear Mr. Skinner I have to say that your blog reflects the UK: a nation of bloody whingers. This was well demonstrated by the release of the FSA’s figures this week that shows all your citizens do is complain. In fact, I wholly expect you to post the headline today that…

Banks are awful, says the FSA

Email received 08:47, 29/09/2011: Dear Mr. Skinner I have to say that your blog reflects the UK: a nation of bloody whingers. This was well demonstrated by the release of the FSA’s figures this week that shows all your citizens do is complain. In fact, I wholly expect you to post the headline today that…

The #1 Woman in Finance, Europe

I was sent a list from the American Banker this week, who have just published their annual list of the most powerful women in banking. Number 1 is Karen Peetz, Vice Chairman of BNY Mellon Generates roughly half of BNY Mellon's pretax income Manages a third of its 52,000 employees in 115 cities around the…

Ambank1