The biggest news stories of the week include ...Tycoon given three-year ban from City - The Telegraph
Brian Myerson to take case to human rights court after Takeover Panel hands down its toughest sanction.
EU victory for George Osborne - The Telegraph
The City is in line for a major boost after European finance ministers agreed to position the new banking super-regulator in London, rather than Frankfurt.
New banks will struggle to compete, says RBS chief - The Independent
The Royal Bank of Scotland's chief executive, Stephen Hester, dismissed the chances of a new generation of smaller banks that are poised to enter the market against big banks like his.
Vince Cable backs break-up of big banks - The Times
Vince Cable, the Business Secretary, has given official backing to recommendations that call for investment banks to be broken up.
Chinese rating agency strips Western nations of AAA status - The Telegraph
China's leading credit rating agency has stripped the US, UK, Germany and France of their AAA ratings, accusing Anglo-Saxon rivals of ideological bias.
Former Anglo Irish Bank chief declared bankrupt - The Guardian
The former head of Anglo Irish Bank, Sean FitzPatrick, was officially declared bankrupt today.
Bankers' lack of humility has ushered in a new era of intervention - The Telegraph
Restraint. The meaning of the word is well understood by you and me. It's understood by private sector workers and, increasingly, public sector workers. But not, it seems, in the City.
HSBC chief warns over plans to break up banks - The Telegraph
The HSBC's chairman, Stephen Green, has revealed serious concerns about the future strength of the economically vital banking sector which is under threat from a wave of new regulations
And our biggest stories of the week are ...Goldman Sachs and the Great Escape
I spent most of Friday thinking about the news of Goldman Sachs record $550 million fine from the SEC (here's the detail of what they were accused of). It could be thought of as a big deal ...... but it’s not. It's irrelevant.Tesco Bank's CEO talks tech
Tesco Bank chose Fiserv as their supplier and their PR firm sent me a video of Benny Higgins - he who was formerly one of Andy Hornby's executive team at HBOS - the new CEO of Tesco Bank talking about why he chose them.
It turns out that 91 European banks are to be put through a ‘stress test’ to see how well or badly they will cope with a shock to the system. The stress test itself was a little unclear until late last week, when the Committee of European Banking Supervisors (CEBS) detailed what would happen. As a result, a lot of folks think it’s a fudge, and the intention of creating more confidence in the EU’s banking system may actually have achieved the opposite.
Financial News has just announced their 2010 list of the most influential people in finance. Interesting list.
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...World Cup in Numbers
I haven't said much about the World Cup on the Blog, as it's not
really about banking, but I
was intrigued to see this list of numbers...
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