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Bank brands leave something to be desired

I was trying to work out what would be a luxury or aspirational brand in banking. There are plenty of banks out there, and plenty of bank brands, but are any of those brands truly aspirational? For cars, it’s easy: Ferrari and Aston Martin, or BMW and Mercedes dependent upon your aspiration. For watches, it’s…

Banks need to radically shake up and wake up

Frank Partnoy wrote a fascinating opinion piece in yesterday’s FT about the coming world of smaller banks. If you’re not familiar with Mr. Partnoy, he is a Professor at the University of San Diego but, more importantly, the author of many books analysing the whys and wherefores of the financial markets with “Infectious Greed” and…

Banks v tech

If you think markets are crazy, they’re going to get crazier

For the past week you could be forgiven for thinking the world was going up the spout.  Not only do we have our own insular riots in Britain – for which Iranian leader President Mahmoud Ahmadinejad calls on the UN to intervene over the UK’s “violent suppression” of opposition forces or be accused of being hypocritical…

The real rip-off culture? Part Three

In the final part of a three-part review (parts one and two) of money lending and the accusation made by Vince Cable, the Business Secretary, of a “rip-off culture” in parts of the financial system, I decided to pick on the story of Arran Coghlan. Arran has recently been acquitted of assaulting two police officers.  He…

Arran Coghlan

The real rip-off culture? Part Three

In the final part of a three-part review (parts one and two) of money lending and the accusation made by Vince Cable, the Business Secretary, of a “rip-off culture” in parts of the financial system, I decided to pick on the story of Arran Coghlan. Arran has recently been acquitted of assaulting two police officers.  He…

Arran Coghlan

How much have the bank bailouts cost UK taxpayers?

This was a question posed to me by Sky News, and the answer is: however much you want to report. This is based upon the fact that there are lies, darned lies and statistics, and you can manipulate the spend, exposure and loss for each taxpayer any which way you choose. For example, the National…

How much have the bank bailouts cost UK taxpayers?

This was a question posed to me by Sky News, and the answer is: however much you want to report. This is based upon the fact that there are lies, darned lies and statistics, and you can manipulate the spend, exposure and loss for each taxpayer any which way you choose. For example, the National…

Four pillars of post-GFC regulation

I don't like using acronyms like GFC, the Global Financial Crisis, but it makes sense having just found a really interesting paper by Andy Haldane, who will speak at the Financial Services Club next April.  Andy is the  Executive Director for Financial Stability at the Bank of England, and the paper is co-written with Sujit…

Four pillars of post-GFC regulation

I don't like using acronyms like GFC, the Global Financial Crisis, but it makes sense having just found a really interesting paper by Andy Haldane, who will speak at the Financial Services Club next April.  Andy is the  Executive Director for Financial Stability at the Bank of England, and the paper is co-written with Sujit…

PPI mis-selling costs UK banks £6 billion

Lloyds took a big hit in first quarter for PPI payments, the mis-selling of payment protection insurance.  The other banks did the same and Santander took a hit this quarter. The issue is that PPI is an insurance that is meant to cover loan repayments if the borrower becomes ill or loses their job.  The…

PPI

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