Our biggest stories of the past week are ...
This week, the Finanser put together a three-part series about the world of change we live in.
My latest presentation is apparently a polemic. That’s what my colleague said yesterday, when I said that my new presentation has three themes: Mobile is irrelevant; Money is meaningless; and Capitalism is dead. I wondered what she meant by polemic,...
I’ve blogged and presented about this subject many times before, so rather than repeating all that, here’s a summation with a new twist. Money is meaningless because we no longer deal in money. When we use the word money, most...
Following on from my previous two polemics: Stop talking about mobile, it's not important; and Money is meaningless I’m now moving on to the final contentious point which is that capitalism is dead. We all knew that capitalism died in...
Walking around Davos, we stumble across a small enclave of bank chiefs sharing breakfast. In this case, Dimon, Blankfein, Jenkins and Gulliver, the CEOs of JPMorgan, Goldman Sachs, Barclays and HSBC respectively. The conversation takes an interesting turn. Jenkins: “I...
In 2008, we all thought banks were bye, bye, bye. Five years later, everyone is saying buy, buy, buy. Or Warren Buffet is anyway. In an interview with Bloomberg last week, Buffett said: “The banks will not get this country...
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The major general news stories of the past week include ...
of Iceland attacks Gordon Brown - The Telegraph
Former prime minister Gordon Brown has been severely criticised by the President of Iceland over the country's treatment during the financial crisis.
Bank 'to axe 940 jobs and move 200 posts to India' - The Independent
Lloyds Bank is to axe more than 940 jobs, bringing job loss announcements to 1,300 in the past few days, according to unions.
to move hundreds of back-office jobs to India - The Independent
Barclays is planning to offshore hundreds of roles at its troubled investment banking unit to India in a bid to cut costs, The Independent has learnt.
transactions tax agreed - BBC
EU finance ministers give the green light for 11 eurozone members, including France and Germany, to prepare a new tax on financial transactions.
shun banking jobs - The Telegraph
The reputation of Britain's banks has been so tarnished by the economic crisis and recent scandals that the industry is struggling to hire talented staff, according to a report by the CBI and PricewaterhouseCoopers.
apologises after Faster Payments System problems - The Telegraph
Lloyds Banking Group has apologised after thousands of customers were unable to use the Faster Payments system.
speeds up investment arm split - The Telegraph
Royal Bank of Scotland is speeding up plans to split its investment bank as part of a shake-up that is expected to see the exit of star investment banker John Hourican.
mulls £2bn Clydesdale and Yorkshire bid - The Telegraph
Santander is reportedly mulling a £2bn bid for Clydesdale and Yorkshire banks in another attempt to beef up its presence on the UK high street.
bankers get rich betting on food prices as millions starve - The
Goldman Sachs made more than a quarter of a billion pounds last year by speculating on food staples, reigniting the controversy over banks profiting from the global food crisis.
Wealth division 'out of control', says secret report - The Telegraph
Barclays has moved swiftly to part company with a senior executive after investigators alleged that he shredded a highly critical analysis of the maverick culture and bullying at the bank's one-time flagship business.
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