Our biggest stories of the past week are ...
We recently celebrated the two hundredth birthday of Charles Darwin. Darwin, the man who broke through the prejudiced views of the religious world of the Victorian era by being brave enough to say we were descended from apes and not...
Growing up in 21st century is wondrous, amazing and fun. You can connect to everyone on the planet. You can find friends from Tokyo to Timbuktu. You can catch an airplane like your dad caught a bus. You can pay...
Building upon the theme that you cannot have privacy, even if you are a cybercriminal or cybersecurity expert, you cannot have privacy if you are a social media aficionado. And no greater illustration of the social media aficionado is there...
I just had a dialogue that was disquieting. I can’t say with whom, but the dialogue was about the impact of real-time on the world of regulation. This person said to me that their regulator ran a COBOL-based system that...
I recently hosted a meeting of financial market players to talk about how to rebuild trust in banking. It was an interesting evening, with most of the attendees accepting that trust in banks was at an al-time low. But how...
The major general news stories of the past week include ...
Citigroup may exit consumer banking in more countries - Reuters
NEW YORK (Reuters) - Citigroup Inc is looking to pull out of consumer banking in more countries in an effort to lower costs and boost profits, according to two people familiar with the matter.
lenders seek to rival banks - Financial Times
Investors are attracted to groups such as Prosper and Lending Club which offer high returns built on a system that avoids complex regulation of banks
Bank IT Spending to Reach $179.2 Bln in 2013: Celent - Bank Systems
The research firm said in a new study that it expects IT spending by banks to grow this year led by banks in North America and the Asia-Pacific.
may add surcharge in credit card transactions - Reuters
(Reuters) - Retailers in 40 U.S. states can now charge up to 4 percent extra when consumers pay for goods and services with a credit card.
wins Icesave case at European court - The Telegraph
UK taxpayers have been left more than £100m out of pocket after a European court ruled that the Icelandic government had no obligation to repay Britain and the Netherlands for rescuing depositors in failed bank Icesave.
tips UK back into bonus debate - Financial Times
Chancellor’s discomfort amplified as pay round comes just as bank prepares to settle with regulators over the Libor scandal
first Davos - what I learned - BBC
How to become a social outcast at a meeting of the world's elite
all round over scandal engulfing world's oldest bank - The Telegraph
It was founded in 1472, but the world's oldest bank has been plunged into crisis by a scandal involving a very modern phenomenon - derivatives.
adjustment to IT threat barely begun - Financial Times
Tail risks of disaster are reduced and banks’ share prices are recovering, but there is good reason why bank executives seem so unhappy, writes John Authers
of America begins moving $50 billion of derivatives to UK: FT - Reuters
LONDON (Reuters) - Bank of America has begun moving $50 billion of derivatives out of its Irish-based operations into its British subsidiary, The Financial Times reported on its website on Sunday, citing people close to the operation.
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