Ah, for the good old days when bankers made money by providing useful services – taking deposits and making loans, for example. Is it too much to expect bankers to make money honestly rather than through hidden fees and “gotcha” programs?
Now the New York Times reports a massive effort in the industry to keep fees [...]
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Larry Ellison has said that with the acquisition of Sun he is ready to take on IBM in the enterprise.
Others don’t think so.
I’ve been steadily impressed with what IBM is doing in financial services. Everyone talks solutions, and has done for years, but IBM seems to offer the combination of hardware, software and services to [...]
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Some new research by David De Cremer, a professor at Rotterdam School of Management, Erasmus University and visiting professor to the London School of Economics, raises a few interesting questions about bonuses, the main one being – should anyone trust bonus-driven bankers?
In his research involving 15 top Dutch banking executives, De Cremer, also of first [...]
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The announcement that the London Stock Exchange is in talks to buy Turquoise signals the death of the Bourse.
Tied to the Exchange’s departure from the Federation of European Exchanges, it suggests a seismic shift in strategy. FESE has been campaigning for a level playing field of regulation to be run across exchanges, multi-lateral trading facilities, [...]
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I am preparing a story for the Sibos issue of Banking Technology, and if there is a discernible trend it is that experts think Asia will come out of the financial crisis before Europe and North America. And along the way, Asian banks and multinationals have acquired some attitude.
Two different sources talked about “flexing muscles,” [...]
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Uh oh – FT columnist Gillian Tett is quoting a French sociologist …
This sort of thing could get dangerous, but it looks intriguing. Drawing on her time in Japan, which prompted me to pull her book about the experience off the shelf, she reminds readers that westerners were constantly telling Japan they had too many [...]
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I was surprised to see a chairman of the Federal Reserve Bank of New York was resigning, and then realised from the reports it was a non-exec. Institutional Risk Analyst put it in perspective:
“And speaking of the fall of the elites, FRBNY Chairman Steve Friedman finally resigned yesterday, ending a scandalous period when the greater [...]
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Could American consumers come out of this crisis with a little help from Washington? The Obama administration is pushing a new consumer protection agency to regulate the bankers, and the bankers are going to do their best to kill it.
This agency would focus solely on the consumer and the proposed legislation would give it the [...]
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“It’s kind of sad to see a show dying,” remarked one public relations person on the opening day of SIFMA. The most common comment during the event was how the conference had shrunk since last year.
Some of that is simply a function of the economic crisis, said one vendor. Firms are guarding their resources and [...]
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The US needs a single financial stability regulator, said Tom Ryan, chief executive of the Securities Industry and Financial Markets Association (SIFMA). In a recent presentation at a Reuters conference, Ryan said that regulatory agency will need better information.
“Regulators are basically rear view people.” They have been operating with data that is three months old. [...]
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