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HSBC’s Knight in Rusty Armour

During the weekend, there were lots of reports on the attack by Eric Knight on HSBC’s governance and strategy.  Eric Knight, who is CEO of Knight Vinke Asset Management, is airing his concerns in public, he claims, as a result of the FSA’s Market Watch (six page pdf) of May 2007 which focused upon shareholder…

HSBC’s Knight in Rusty Armour

During the weekend, there were lots of reports on the attack by Eric Knight on HSBC’s governance and strategy.  Eric Knight, who is CEO of Knight Vinke Asset Management, is airing his concerns in public, he claims, as a result of the FSA’s Market Watch (six page pdf) of May 2007 which focused upon shareholder…

HSBC’s Knight in Rusty Armour

During the weekend, there were lots of reports on the attack by Eric Knight on HSBC’s governance and strategy.  Eric Knight, who is CEO of Knight Vinke Asset Management, is airing his concerns in public, he claims, as a result of the FSA’s Market Watch (six page pdf) of May 2007 which focused upon shareholder…

Sexism in the City

This is not a new news story, but it is a news story.  Banking is a man's world.   Sounds a bit sexist doesn't it, but many of us would say that there is still active discrimination in some business sectors on the grounds of age, sex, ethnicity, religion and physical attributes.  Maybe it's human…

Indian outsourcers exposed to US sub-prime woes

    The knock-on effect of the American sub-prime crisis goes on and on. According to reports from Data Monitor, it now hits the Indian outsourcing sector. This is because firms such as First Magnus closing their doors to business and filing for bankruptcy then rolls on to impact their BPO partners, such as WNS,…

Indian outsourcers exposed to US sub-prime woes

    The knock-on effect of the American sub-prime crisis goes on and on. According to reports from Data Monitor, it now hits the Indian outsourcing sector. This is because firms such as First Magnus closing their doors to business and filing for bankruptcy then rolls on to impact their BPO partners, such as WNS,…

Numbers Part Eight: the UK Banking sector

I popped into the British Banker’s Association (BBA) last week and found that they publish a nice long list of statistics about our industry so, in yet another in the numbers series, here’s the low-down on the UK banking sector.  At the end of 2006, there were: over 325 banks in the UK; 161 UK…

Should banks use Facebook?

I noticed that the Canadian Bank TD had opened a Facebook group called TD Money Lounge.   Seems to be a pure advert for their products to me, but it’s pretty popular with Canadians with over 3,500 members in this Group which is more than any other bank group on Facebook. Why?  Well, the idea…

Should banks use Facebook?

I noticed that the Canadian Bank TD had opened a Facebook group called TD Money Lounge.   Seems to be a pure advert for their products to me, but it’s pretty popular with Canadians with over 3,500 members in this Group which is more than any other bank group on Facebook. Why?  Well, the idea…

Barclays may be offensive to the Dutch

I noted with interest this morning that Barclays Bank is rethinking its’ symbolic Eagle insignia in light of the bid to become more mainland European.  The symbol for the Bank is a spread eagle, and has been with the bank ever since it was founded in 1690. Why would they think the Eagle should go…

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