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The most expensive ad ever made?

It's a recession and so what better time for an insurance firm to rename itself and spend £10 million ($15 million) on an advert.  Starring Bruce Willis, Dame Edna Everage, Ringo Starr, Elle Macpherson and Alice Cooper, the purpose of the ad is to announce that the 200-year old brand, Norwich Union, is now officially…

God versus Banks, Round 1?

In a hoo-ha that started just before Christmas, the Church has decided to wade into the debate about money and the war of words is escalating. It all started with the Pope speaking out against greed and the pursuit of profit in his address for World Peace Day.  In his statement appeared sentences such as:…

Casting_out_the_money_changers

God versus Banks, Round 1?

In a hoo-ha that started just before Christmas, the Church has decided to wade into the debate about money and the war of words is escalating. It all started with the Pope speaking out against greed and the pursuit of profit in his address for World Peace Day.  In his statement appeared sentences such as:…

Casting_out_the_money_changers

Just how safe is a safe?

I caught this story about a young boy who got locked in a safe by his playmates in Turkey.  The firemen had quite a fight to get him out of there: Nice to know a safe is still safe … or is this a training video for how to break into one next time? Of…

Just how safe is a safe?

I caught this story about a young boy who got locked in a safe by his playmates in Turkey.  The firemen had quite a fight to get him out of there: Nice to know a safe is still safe … or is this a training video for how to break into one next time? Of…

Goldmine Sachs: £142,600 ($200,000) bonus for everyone

Front page news in UK newspaper for the masses, the Daily Mail: "Goldmine Sachs: As jobless toll soars, investment bank's bonuses for staff are cut to a MERE £4.3 billion ($6 billion) "Investment bank Goldman Sachs is to pay £4.3 billion in bonuses to its City workers. Despite the financial crisis and the spectre of…

Goldmine Sachs: £142,600 ($200,000) bonus for everyone

Front page news in UK newspaper for the masses, the Daily Mail: "Goldmine Sachs: As jobless toll soars, investment bank's bonuses for staff are cut to a MERE £4.3 billion ($6 billion) "Investment bank Goldman Sachs is to pay £4.3 billion in bonuses to its City workers. Despite the financial crisis and the spectre of…

Goldmine Sachs: £142,600 ($200,000) bonus for everyone

Front page news in UK newspaper for the masses, the Daily Mail: "Goldmine Sachs: As jobless toll soars, investment bank's bonuses for staff are cut to a MERE £4.3 billion ($6 billion) "Investment bank Goldman Sachs is to pay £4.3 billion in bonuses to its City workers. Despite the financial crisis and the spectre of…

It was the dollar, now it’s the euro

A month or so ago, I noted the pound's crash against the dollar.  Now it's the pound's crash against the euro … With thanks to Mick Newman of the Times.

Newman_081214_REV01_448752a

The best and worst CEO’s in banking, 2008

The other day I spotted that Time Magazine had published various Top 10 lists, including several funny ones about banking. Today, I spotted a few other lists about banking that were funny in a different way. First, the FT printed the Top 10 TARP funded CEO bonus lists.  Funnily enough, not one bank would tell…

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