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The credit crunch explained properly

For those of you with ten minutes to spare and access to YouTube, if  you want a good laugh or cry, then here’s the Bird & Fortune* guide to the credit crunch.  Brilliant!   * for our overseas colleagues, John Bird and John Fortune are viewed by many as being the best business comedians in…

Chinese bank buys American bank

As someone involved in predicting the future, it amuses me how often we get things wrong. You’ve heard all the quotes: "a worldwide market of five", Thomas Watson of IBM’s prediction for the global computer market back in 1953, or "640kb of memory is enough for everyone" from Bill Gates.  So, when you get one…

A banker’s favourite smell is …

Interesting supplement in today’s Times newspaper on careers with an 8-page supplement on careers in Banking.   A few choice quotes: “Confidence in the world’s financial markets is shaky” “Lehman Brothers, UBS, Morgan Stanley and Credit Suisse have all announced redundancies” “Is now the worst time to consider a career in banking” Mmmm … sounds a…

ACORD Leads In Standards for London Insurance Firms

London-based insurance firms have struggled, largely unsuccessfully so far, to work with each other through electronic channels. ACORD, the US insurance standards organization which has been expanding into international markets, appears to be the leader in driving standards, the key to electronic business, into the London market and its global affiliates. An ACORD-sponsored two-day forum…

Do banks really know their customers?

I recently organised two debates at the Financial Services Club entitled "This House Believes We Really Know Our Customers".  Both debates focused upon fraud and money laundering (AML) and the vote at the end of both debates resulted in a resounding rejection … as in this house believes we really don’t know our customers.  I…

Do banks really know their customers?

I recently organised two debates at the Financial Services Club entitled "This House Believes We Really Know Our Customers".  Both debates focused upon fraud and money laundering (AML) and the vote at the end of both debates resulted in a resounding rejection … as in this house believes we really don’t know our customers.  I…

Intelligent Money: Our Future Is Where We Do Not Think About Money, As Our Money Thinks For Us

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