A final posting on bank stats, but this time focused upon capital markets. According to the report from TheCityUK (which I cited a couple of times last week): Companies raised £83 billion on the London Stock Exchange in 2009, including £5 billion raised on AIM, the market designed specifically for smaller, high growth companies. An…
Financial News has just announced their 2010 list of the most influential people in finance. Interesting list, and here's a selection of the ones who interested me: Chief Executives Brady Dougan (Credit Suisse) Josef Ackermann (Deutsche Bank) Oswald Grübel (UBS) John Varley (Barclays) Michael Sherwood (Goldman Sachs) Baudouin Prot (BNP Paribas) Jonathan Moulds (Bank of…
We are pleased to provide our sixth month of monitoring the MTF performances in European Equities trading, in partnership with Thomson Reuters Equity Market Share Reporter (EMSR). Market Share based upon Euro Value June 2010 May 2010 Source: Thomson Reuters Equity Market Share Reporter Market Share based upon Volume of Trading June 2010 May 2010…
French and German banks have almost $1 trillion exposure to Southern European economies according to a Bank of International Settlements (BIS) report released last Monday (Download BIS report). “Exposures” include loans, loan commitments, and derivatives contracts, and represent the cost to the banks if there were a default. All in all, Europe's banks have almost…
Could we have forecast the credit crisis? Yes. Lots of thoughts on this, including last week's comment, but here's some more new stuff. Ten years ago in the US of A, Sandy Weill put great pressure on Bill Clinton's office to repeal the Glass-Steagall Act with some success. This was because Sandy had a vision…
In an impressive speech back in 1963, a week before JFK was assassinated, Benjamin Graham – the first proponent of value investing – gave a speech in San Francisco. Value investing world has posted the original typewritten script in full. In the first half of the speech (to page 9) he outlines the challenges of…
Just found a psychology blog and thought I would look up what articles they have on the psychology of money, one of our favourite subjects. Interesting headlines … People will spend more money when they feel down, but are often unaware of it Spending money on other people makes us happier than spending it on…
