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HSBC: no longer an investment bank?

HSBC sent out a press release yesterday announcing that they are re-naming the "Corporate, Investment Banking and Markets Division".  It will now be called "Global Banking and Markets".  Global Banking and Markets comprises five main businesses: Global Banking, Global Markets, Global Asset Management, Global Research and Principal Investments. The press release quotes CEO, Global Banking…

HSBC: no longer an investment bank?

HSBC sent out a press release yesterday announcing that they are re-naming the "Corporate, Investment Banking and Markets Division".  It will now be called "Global Banking and Markets".  Global Banking and Markets comprises five main businesses: Global Banking, Global Markets, Global Asset Management, Global Research and Principal Investments. The press release quotes CEO, Global Banking…

Please remove brain before working at this bank

Little Britain, the UK comedy show, made a character that you may think is extreme.  Her name is Carol, and she works for a fictional bank, Midwest.  The way the sketch works is that each time a customer comes into the bank, she rattles away on the keyboard and then delivers the punchline: "Computer says…

Please remove brain before working at this bank

Little Britain, the UK comedy show, made a character that you may think is extreme.  Her name is Carol, and she works for a fictional bank, Midwest.  The way the sketch works is that each time a customer comes into the bank, she rattles away on the keyboard and then delivers the punchline: "Computer says…

Please remove brain before working at this bank

Little Britain, the UK comedy show, made a character that you may think is extreme.  Her name is Carol, and she works for a fictional bank, Midwest.  The way the sketch works is that each time a customer comes into the bank, she rattles away on the keyboard and then delivers the punchline: "Computer says…

IBM’s global reality

In an interesting article in the NYTimes, IBM’s optimistic and upbeat assessment for a 15%+ rise in profits in 2008 is questioned.  Answer: IBM’s not reliant on the depressed American economy but is making shedloads in the BRIC economies and from banks.  Here’s the bit that piqued my interest in particular: "The questions from Wall…

Give me some attention will you?

Absolutely nothing to do with banking but, with all this doom and gloom around, I just thought this plea for help was so funny that it was worth sharing.  It’s apparently a true email exchange between a witty but sarcastic member of the public and the Scottish Lothian & Borders Police force. Subject: Your automated…

Give me some attention will you?

Absolutely nothing to do with banking but, with all this doom and gloom around, I just thought this plea for help was so funny that it was worth sharing.  It’s apparently a true email exchange between a witty but sarcastic member of the public and the Scottish Lothian & Borders Police force. Subject: Your automated…

Credit Default Swaps doom and gloom

Wolfgang Munchau writes in the Financial Times today that the issues we faced in subprime in 2007 are just a mere drop in the ocean, and that this is more than just a subprime crisis: “If this had been a mere subprime crisis, it would now be over. But it is not, and nor will…

I despise Facebook

I don’t, but Tom Hodgkinson of the UK newspaper The Guardian does.  Fascinating article on Facebook’s ownership starring Peter Thiel, one of the founders of PayPal, and statistics on usage which is approaching 60 million worldwide, mainly in the USA, Canada and UK. Read it and start socialising in the real world as Tom summaries…

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