Chris Skinner's blog

Shaping the future of finance

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Who are the top financial marketers in Britain?

Marketing Magazine has published its annual list of the 100 most powerful marketers in Britain. The list is filled with eminent names from fast moving consumer goods (FMCG) such as Phil Thomas at Reckitt Benckiser – the firm that sells Colgate, Cillit Bang and Dettol – to Jill McDonald of McDonalds (is that just coincidence?)….

Europe: broken nations borrowing from broke nations?

After the downgrade of Greece led to the Greek crisis and the Germans worried about bailing them out, the crisis continues with the downgrade of Spain at the end of last week by Fitch. In fact, it looks like many European countries are worried, with the PIGS now the PIIGS – Portugal, Ireland, Italy, Greece…

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Bank histories reflecting our histories

After looking at the future of banking yesterday, it’s time to look at the history of banking today. Not in depth, that would be dull but, being a sad banking nerdo, I’ve got loads of history books about money and banks in my office. One of my recent favourites came from the British Museum, and…

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It’s not personal, just business

I went to see my bank manager this week to discuss a small irritation in the business accounts – that’s a bank account, not a part of the anatomy. The irritation was that I needed to transfer a large amount of money fast – £20,000 – and it could not be transacted online due to…

The credit rating agent’s thumb

I dropped into the offices of one of the credit rating agencies this week. The one that caused confidence in Greece to fall through the floor: Standard & Poors. The agencies are interesting places at the moment as many attributed the AAA-rated toxic mortgage derivatives to their watch, so now they’re being cleaner than clean…

Need money fast?

It’s interesting to see the rise in high interest, short term loan sites.  I blogged about Wonga last year, and now there’s Quick Quid. Here’s their advert: Wow! 2356% APR! That’s TWO THOUSAND, THREE HUNDRED AND FIFTY-SIX PERCENT annual interest!!!! 2356%!!!!!!!! OK, it sounds bad … but it’s not. Y’see these sites are designed for…

The euro is in danger

After Angela Merkel's comments about the "euro is in danger", I was going to write a long and in-depth review of the state of the euro … but I was beaten to it by Chris Blackhurst's column in the evening standard. Rather than reinvent the wheel, just read what he has to say: "Merkel was…

Managing liquidity risk in a changed and global world

I received an interesting white paper the other day from Wim Raymaekers, Head of Banking Market at SWIFT on Liquidity Risk. Here’s the Executive Summary: Many books and papers have been and will be written about the liquidity crisis that started mid 2007, the collapse of Lehman Brothers in September 2008, and its effect on…

Can Tesco and Virgin hack it as banks?

I was having a conversation with a firm considering entering banking in the UK. They would be an unexpected player, as their brand is seen to be trusted but totally unrelated to financial services. So I sent them this article from my collection of white papers, and thought it may be of interest to the…

So not PC but …

This is so politically incorrect that I almost didn't post it … but then I did to show how cultures are different and sensitivities are not the same. As I left Singapore, I saw this and felt quite offended: Yet Singaporeans are desperate to avoid offending foreign visitors, as are most Asian countries, so how…

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