Our biggest stories of the past week are ...
Humans 1.0: banking is in our monkey genes
We think our behaviours are unique. Our attitude to money is innately human and our ideas of value are something that homo sapiens have created through distorted wealth systems. Wrong. We have our sense of economics inbuilt through scarcity, demand...
Big Data is all about knowing what questions to ask
Like everyone, I was shocked by the news of the Westgate Shopping Mall shootings in Nairobi, Kenya. The real shock is how they determined who to shoot, singling out individuals and asking whether they could name the Prophet Muhammad’s mother:...
The world at your feet ... and then you lose them
I’m sitting today reflecting on my good friend Mark Inglis’s talk at the Financial Services Club last night. It was an open house to launch our new season of events for the 2013-2014 season (see end of blog for more...
Did Chris Skinner achieve the Mission Impossible? (#SIBOS 20!)
OK, OK, I was going to stop talking about SIBOS as it’s already history, but there was one outstanding matter, if not two. Did I achieve the Mission Impossible, and get an update on the Investment Roadmap that would unite...
Remembering #SIBOS 2013 in pictures
Due to the poor WiFi connectivity last week – did I mention that? – I didn't post many photos of SIBOS. Usually, I would post a whole load, so here are some of my favourite memories of last week. Obviously,...
The major general news stories of the past week include ...
Nationwide's online customers blocked from accounts as IT glitch hits website - The Independent
Britain's biggest building society was hit by an IT failure today which meant online customers were blocked from their accounts or were wrongly told they were empty.
Nicola Horlick: "Crowdfunding is a drug going straight into the lifeblood of the economy" - The Telegraph
Nicola Horlick claims that crowdfunding could be the answer to the current funding crisis in the UK.
Barclays to shut wealth management services in 130 countries: FT - Reuters
(Reuters) - Barclays Plc will stop offering wealth management services in about 130 countries by 2016 and cut jobs in the unit as part of an effort to rein in costs and boost profit, the Financial Times reported on Wednesday, citing the British bank.
Gordon Brown 'launched f-word tirade at former Bank Governor Mervyn King' - The Telegraph
Gordon Brown allegedly launched a four letter word tirade at Mervyn King, the former Governor of the Bank of England, when he threatened to reveal details of how US spies had been allowed to snoop on people’s financial information.
'Lloyds' returns to the High Street after 18 years - The Telegraph
Following the split with TSB, stand-alone Lloyds was relaunched today with "revitalised" branding.
A man was Tasered and arrested by police today after he allegedly burst into a bank with a makeshift flamethrower and threatened to burn it to the ground because he was refused an overdraft.
Full-scale RBS split into ‘good and bad bank’ to be rejected - The Independent
Long-delayed Treasury report set to be released after the Tory conference
Mr Big quizzed over £1.3million cyber bank raid - Express
AN alleged Mr Big of British cyber crime was being quizzed last night over a £1.3million theft by a gang who took control of a bank’s computer system.
Lloyds Bank relaunches with £30m marketing blitz - Marketing Week
Lloyds Bank has dropped the animated characters and “for the journey” end line in a new £30m campaign to relaunch the bank as one that reflects and values the financial requirements of its customers.
Payday lenders: 'We are not sharks' - BBC
Behind the scenes at a payday lender.
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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...
