Our biggest stories of the past week are ...
A while ago David Birch, he of the geek #1 fame, said to me that all new forms of commerce are created by games, girls and gambling, and the more I think about it, the more true I see this...
It’s getting nearer and nearer to Osaka and SIBOS, so it’s time for a SIBOS Osaka blog entry. I’m attending as part of the innotribe stream. Innotribe is in its fourth year at SIBOS, and has matured from a sideshow sect to a mainstream part of the conference. Having said that, I still get people asking me “what’s an innotribe” and “should I attend”? The answer is ...
Interbrand published their Global Top Brands report yesterday, which makes for interesting reading. The world’s most valuable brand is still Coca-Cola, followed closely by Apple and IBM. American Express is the top financial brand in 24th place, 23rd last year. JPMorgan comes in at a respectable 32nd, although that’s four down from last year’s 28th …
There’s a great interactive review of investment banking markets on the Financial Times today. The chart compares the fortunes of ten investment banks: Bank of America; Barclays; Citi; Credit Suisse; Deutsche; Goldman Sachs; JPMorgan; Morgan Stanley; Royal Bank of Scotland; and UBS.
The world is a wonderful place, as times shift fast and things turn faster than an egg on a timer. Just as you get used to one technology, another comes along and turns things on its head. What technology do we mean? NFC. Near Field Communication. No Flippin' Chance.
The major general news stories of the past week include ...
China Banks Pull Out of Meetings in Japan (including SIBOS) - Wall Street Journal
Japan's territorial dispute with China appears to be spilling onto the stage of global finance meetings. Several big Chinese banks say they've canceled participation in the high-profile annual meeting of the World Bank and International Monetary Fund to be held in Tokyo next week as well as in the constellation of events taking place alongside.
Big banks face hardest hit from ringfencing - Financial Times
More than a dozen of Europe’s largest lenders will face a costly upheaval if the EU implements trading restrictions proposed in the Liikanen review
Brave new world or a blessing for criminals
BRUSSELS (Reuters) - Experts may recommend this week that European banks should separate retail banking from their riskier investment arms to make them safer and soften the impact of financial crises.
Investment banking by numbers - Financial Times
How has the industry changed since the financial crisis?
Top banker faces £3m insider trading charge - The Independent
Four men, including one of the most senior bankers in the City, were charged yesterday with insider trading by the leading finance watchdog.
City banker elected London Lord Mayor - Financial Times
Roger Gifford will take time out from his position as UK head of a Swedish bank when he takes up the 800-year-old post in November
ECB Report Examines The Costs Of Making Payments In The EU - Payments News
A new report released by the European Central Bank (ECB) analyses the social and private costs of making retail payments in 13 European countries and discovers that they are substantial, amounting to around €45 billion, or almost 1% of their combined GDP. If extrapolated to cover the 27 Member States
Bad bankers warned: repent or go to jail - The Independent
Britain's new chief financial policeman has issued a stark message to the City of London: "We have barely got started."
Munich Re staff put trip to Jamaican swingers' hotel on expenses - The Telegraph
The world's largest reinsurer has revealed employees put a trip to a swingers' hotel in Jamaica on company expenses when it published the results of an internal audit on a public website.
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