Our biggest stories of the past week are ...
#AskJPM? No way … JPMorgan’s social media disaster
JPMorgan had this great idea this week: to host a twitter Q&A using the hashtag #AskJPM. It’s a #TwitterTakeover: We'll host our 1st live Q&A on leadership & career advice w/a leading $JPM exec on 11/14. Use #AskJPM to submit...
Where is the trust in banking?
Lots of talk this week about transparency in banking, and how banks are too opaque and secretive in their approach to customers and charges. Certainly that’s been the case in the past, and certainly it’s still the case in some...
The challenge of being a Bitcoin trader
I spotted a blog entry by Tom Gullen this week regarding the challenges of being a Bitcoin company in the UK. It is interesting, as I have heard the same issues with several other Bitcoin companies in Britain so I...
Why banks get stuck with legacy everything
I had a fascinating chat about bank issues with their legacy systems yesterday, and concluded that the legacy issues are the bank’s fault. There are two issues: one is related to banks believing that they are stuck with overheads that...
Is this a bank branch I see before me?
I was going to blog about something ephemeral, academic, insightful and rich today … but then realised that I’m feeling energised by a relaxing weekend in Stratford, the home of Shakespeare, and felt it worth blogging about a few things...
Things worth reading: the European View
This month's view from Europe, courtesy of Edith Rigler …
The major general news stories of the past week include ...
Exits deal blow to Barclays turnround - Financial Times
Regulatory affairs boss Sir Hector resigns and Shaygan Kheradpir, its chief operations and technology officer, is leaving for Juniper Networks
Hector Sants – the former City watchdog chief – resigns from Barclays during ‘stress leave’ - The Independent
Sir Hector Sants, the former head of the Financial Services Authority who ran the City watchdog throughout the banking crisis, will not return to his new role at Barclays after taking time off work due to stress.
Barclays blundered in hiring box-ticker - Financial Times
Antony Jenkins, chief executive, erred in imagining that the recruitment of Sir Hector Sants would show Barclays had become squeaky clean
Metro Bank Boss Lands Branch Finder's Fee - Sky News
The founder of Metro Bank is finalising a deal that will see him paid up to £175,000 each year for identifying new locations for branches.
Exclusive: New UK financial regulators face surge in staff turnover - Reuters
LONDON (Reuters) - Staff have been quitting Britain's financial watchdogs at nearly twice the rate since they were split into two bodies this year, data seen by Reuters shows, at a time when experts warn of a regulatory brain drain in Europe's biggest financial hub.
Metro Bank Seeks £285m In New Cash Call - Eagle Radio
Metro Bank is to tap shareholders for nearly £300m in a larger-than-expected fundraising that will see the high street lender delaying a flotation until 2016.
ANZ Bank: Mobile is the catalyst for banking transformation - ZDNet
In the "age of the customer", banks and financial institutions will have to re-examine mobile technology if consumer needs are to be met, according to ANZ Bank's managing director of retail distribution Mark Hand.
Bank results: stranger than fiction? - Financial News
Some of the banks’ latest quarterly numbers were stranger than fiction. Take Barclays, where the word “adjusted” appeared in its 44-page third-quarter results announcement 99 times.
One hundred big banks could go, warns McKinsey - The Telegraph
A fifth of the largest global banks coud be broken up or bought within the next few years, according to McKinsey
All aboard for Europe's shrinking bank branch network - Reuters
Banks have shut about 20,000 branches across Europe in the last four years, including 5,500 last year and 7,200 in 2011, according to a Reuters analysis of European Central Bank data.
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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...
