I don't like using acronyms like GFC, the Global Financial Crisis, but it makes sense having just found a really interesting paper by Andy Haldane, who will speak at the Financial Services Club next April. Andy is the Executive Director for Financial Stability at the Bank of England, and the paper is co-written with Sujit…
Lloyds took a big hit in first quarter for PPI payments, the mis-selling of payment protection insurance. The other banks did the same and Santander took a hit this quarter. The issue is that PPI is an insurance that is meant to cover loan repayments if the borrower becomes ill or loses their job. The…
I keep thinking about stellar service and what it could mean. Very rarely do you experience stellar service these days. With airlines, it’s a pain to fly. The airport experience is degrading and the flight itself is no longer exceptional, even in the best class airlines, thanks to the loss of business in recent years…
It seems like a long bleak summer in the financial markets, as banks are reporting dire results. It’s a combination of investment banking in the second quarter suffering serious damage across all fixed income desks, along with the Eurozone and American debt crises. There is no certainty in such times. For example, banks that usually…
It seems like a long bleak summer in the financial markets, as banks are reporting dire results. It’s a combination of investment banking in the second quarter suffering serious damage across all fixed income desks, along with the Eurozone and American debt crises. There is no certainty in such times. For example, banks that usually…
Things we're reading today include … Lloyds Banking Group weighs up its options after branch sell-off flopsThe Telegraph 'Only two bids for Lloyds branches'The Independent A year of Dodd-FrankFinancial Times Eurozone's bailout of Greece sparks fears of worse to comeThe Independent Deep cost cuts loom at Europe's investment banksFinancial Times Decision looms over Deutsche Bank…
