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...
A
few billion reasons for attending #innotribe, Osaka
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 ...
Financial
brands falling (again)
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 …
Which
bank is the biggest winner and loser?
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.
NFC:
No Flippin' Chance (or why contactless is a dead tech)
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
Digital
currency: Brave new world or criminal haven? - BBC
Brave new world or a blessing for criminals
Europe
focused on union rather than breaking up banks - Reuters
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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Chris M Skinner
Chris Skinner is best known as an independent commentator on the financial markets through his blog, TheFinanser.com, as author of the bestselling book Digital Bank, and Chair of the European networking forum the Financial Services Club. He has been voted one of the most influential people in banking by The Financial Brand (as well as one of the best blogs), a FinTech Titan (Next Bank), one of the Fintech Leaders you need to follow (City AM, Deluxe and Jax Finance), as well as one of the Top 40 most influential people in financial technology by the Wall Street Journal's Financial News. To learn more click here...
