Our biggest stories of the past week are ...
The World Payments Report (WPR) has just come out. It is the 8th report produced by EFMA, in partnership with Cap Gemini and the Royal Bank of Scotland (ABN AMRO previously), and provides a good analysis of global payments movements...
At the start of this week, we had a discussion at the Financial Services Club about the issues at the Royal Bank of Scotland (RBS) over the summer when their payments systems failed. It was a major failure that garnered...
Edith Rigler has sent me here infrequent view from Europe, and I decided to add my own item to the list today. This is because I spotted a very interesting article by Wolfgang Munchau in Der Spiegel that blames Chancellor...
The major general news stories of the past week include ...
MasterCard sells its data to marketers - The Telegraph
MasterCard has started selling its data to advertisers and marketers to help them create targeted campaigns.
An investment banker fed confidential information to two girlfriends to make more than £1m through insider share dealing, a court head.
(Reuters) - A regular Citigroup Inc board meeting to talk about quarterly results took an unexpected turn on Monday night, when simmering tensions between Chairman Michael O'Neill and then Chief Executive Vikram Pandit came to a boil.
A culture of bullying and greed: Wanted - interns for Goldman Sachs... - The Independent
Back on 12 June 2000, as the dot-com bubble was deflating, young Greg Smith was all puffed up, clutching his "extra-large coffee" and looking up "at the formidable tower that housed Goldman Sach's equities trading headquarters" in New York. "Holy shit," he thought, as he arrived for the first day
Virgin Money and private equity group JC Flowers are front-runners to buy 316 branches from Royal Bank of Scotland after Santander pulled out of a deal to buy them, although the bank could push to keep them.
NEW YORK (Reuters) - The European Union could be destroyed by the "nightmare" euro crisis, and Germany needs to take the responsibility to save the common currency, billionaire fund manager George Soros said on Monday
SFO in the dock after collapse of Icelandic bank fraud inquiry - The Independent
The Serious Fraud Office was yesterday embarrassingly forced to scrap its three-year investigation into fraud at the failed Icelandic bank Kaupthing.
RBS could sue Santander as deal failure could cost bank £1bn - The Telegraph
The Royal Bank of Scotland is considering suing Santander amid fears that its decision to ditch the deal buy 316 branches could cost the part-nationalised lender as much as £1bn.
City's expat bankers feel pain as taxman targets 'low-hanging fruit' - The Independent
The taxman's more aggressive efforts to crack down on tax avoidance by foreign bankers working in the City appears to be paying off.
RBS shares head for fall after branch sell-off fails - The IndependentCity traders were bracing for Royal Bank of Scotland's shares to fall sharply when they open for trading this morning for the first time since the collapse of its proposed £1.7bn sale of 316 branches to Santander.
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