Our biggest stories of the past week are ...
I spent some time contemplating history last week, and realised just how many times we have been through moments like this. The Civil War in Britain; the storming of the Bastille in France; the Russian Revolution; the themes of many...
I went to see a screening of a new film about Anonymous last night called We Are Legion: the Story of the Hacktivists. The film tells the story about the rise of Anonymous and the hacktivism movement, portrayed through interviews...
During the week, I’ve been discussing various aspects of risk and riot in the system, from the potential for an uprising to how anonymous works. One of the key areas to consider is where all this goes in the future and it is likely that someone, maybe Julian Assange, becomes a new zealot leader ...
Whilst consumers are electing the next major political leader via crowdsourced populism, governments and companies begin developing cyberarms. This cyberwarfare is already rife, with a host of malware targeting middle eastern nations (see end of blog entry). What is obvious...
The real challenge for the banking system is how to protect their firewalls from attack by hacktivists, goverworms and cybercriminals and, conversely, how to deliver easy access to online banking for their clients and customers. It’s a real dilemma. On...
The major general news stories of the past week include ...
Monitise concerned by how City values tech sector - The Independent
Monitise, the fast-growing British mobile payments company, yesterday raised fresh fears about London as a place for tech companies to raise money and claimed it was holding back valuations compared with US rivals.
PwC to investigate computer meltdown at RBS - The Telegraph
PricewaterhouseCoopers has been chosen to investigate the computer meltdown that affected millions if RBS customers.
FSA 'asks banks for IT contingency plans' - The Telegraph
Britain's financial regulator has sent letters to the nine largest banks and building societies in the UK requesting details of their IT contingency plans, according to reports.
Nomura to cut costs by $1bn following insider trading scandal - The Telegraph
Nomura is to cut $1bn (£630m) in costs as part of a bid to repair its balance sheet as Japan's biggest brokerage recovers from an embarrassing insider trading scandal.
OTC traders agree electronic protocol - Financial Times
Banks and brokers sign up to common computer language as they create new networks to comply with global regulatory overhaul of the market
UK executives struggle with regulation - Financial Times
Survey reveals executives at UK financial firms are spending significantly more time keeping up to date with rapidly changing regulation
Complaints made about British banks - including ones related to the mis-selling of payment protection insurance - soar, new figures show.
Royal Bank of Scotland has awarded Ross McEwan, the new head of its retail division, a £3.2m "golden hello" to help convince him to join the state-controlled bank.
Banking revolution planned for high street - The Telegraph
The traditional bank branch and manager could become a thing of the past under proposals set out by a leading financial services industry consultant.
New Barclays head quits NBNK board - The Independent
Sir David Walker, the new chairman of Barclays, has stepped down from the board of NBNK, the vehicle which tried and failed to buy 600-plus branches from Lloyds Banking Group.
If you like the Finanser, check out the books of the blog: the Complete Banker Series
The Financial Services Club is sponsored by:
For details of sponsorship email us.