Our biggest stories of the past week are ...
I mentioned that I’d just attended the branding in banking conference this week. It was organised by the Banker Magazine, and is in its seventh year of operation. The headlines this year are: The UK is the only top 10...
Yesterday morning I attended a seminar on bank brands. I’ll blog a bit about that later but there was one part that I found fairly intriguing that had to do with the overall value of bank brands returning to near...
Talking of no-one giving a jot about customer service in banking, there is a subtle nuance here which I thought someone might have spotted or commented upon but … The nuance is that any organisation that takes friction out of...
UK Chancellor George Osborne gave a speech yesterday on banking reform in Britain. Widely quoted extracts from the speech have been posted in today's news headlines but, for those who like to make their own mind up, it's worth reading the whole speech in full. So, here it is …
So George Osborne, the UK Chancellor, made a big speech at JPMorgan’s HQ in Bournemouth yesterday. The speech announced the details of the UK Banking Reform Bill which will implement the recommendations of the Vickers’ Independent Commission on Banking (ICB)..
Just spent the weekend in New York City, or New York frickin’ City as the locals say. When they say this, they are of course referring to the great industrialist and financier Henry Clay Frick who left them this wonderful...
The major general news stories of the past week include ...
Hester: Libor scandal 'disgusts and depresses' me - The Telegraph
Stephen Hester, the chief executive of RBS, said he was "disgusted" and "depressed" by the the behaviour of the 21 emloyees investigators said rigged Libor at the bank.
just amazing how Libor fixing can make you that much money': Traders gleefully
admitted rate fixing was 'cartel' - The Independent
RBS traders gleefully admitted Libor setting had become a “cartel” as another raft of damning emails gave the reputation of the industry a fresh beating today.
government 'to liquidate bank' - BBC
Emergency legislation to liquidate the former Anglo Irish Bank has passed through both houses of the Irish parliament.
the culture at Barclays will be easier said than done - The Telegraph
'So, Mr Jenkins, are you 'shredding' Bob Diamond's legacy?"
Highlights Digital Wallet Market Potential, Current Adoption Barriers -
comScore has released a new report entitled, "Digital Wallet Road Map 2013" which measures consumer awareness, perceptions and intent to use current digital wallet offerings. "Digital wallets represent an innovative technology that has not yet reached critical mass among consumers due to a variety of factors, including low awareness and
probed over currency conversions - Financial Times
Visa is also alleged to have banned other businesses from offering the service at automatic teller machines from October 2007
gives green light to 'crowdfunding' - The Telegraph
The Financial Services Authority has for the first time approved a website which allows members of the public to take direct equity stakes in small unlisted businesses.
to reform payments system to speed up banking - The Telegraph
Chancellor George Osborne unveils plans to speed up payments by debit cards, credit cards and cheques as part of wider banking reforms.
of your bank? Now you can switch account within a week – by law - The
Customers will have the right to switch their bank account to a rival firm within a week under sweeping plans to reform the industry to be announced by George Osborne today.
sued by Australia regulator - BBC
The Australian Competition and Consumer Commission sues credit card company Visa for alleged misuse of market power.
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.