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It must be hard trying to start out in the world of banking. There are all of these massive competitors, hoovering up business, and there is no way to match their scale. Without scale, you cannot pay ...
Cooperative and community banks enjoy a special place in the hearts of the people, often giving them special regulatory status too. However in an age that has debunked many of the theories of capitali...
It is impossible to punish banking through fines. Regulators must know this. When one reads of the scale of fines in the financial services industry, it is often hard to conceive of the amounts that t...
Governments' aggressive approach to taxation is alternately punishing and rewarding financial services firms. The Swiss government is planning to abolish tax secrecy laws – what does that mean for Swi...
Plans to wind down banks that are too big to fail have at last been agreed but will not take effect until 2018. Italy's recent revelation about derivatives losses proves that there are still plenty of...
The European Commission (EC) is threatening to move setting of the London Interbank Offered Rate (LIBOR) to Paris, after the exposure of the current process as “the rate at which banks do not lend to ...
Several US senators have introduced a bill bringing back elements of the Glass-Steagall Act “to reduce risks to the financial system by limiting banks’ ability to engage in certain risky activities an...
Financial Fraud Action (FFA) UK, the finance industry’s national anti-fraud group has observed an increase in successful criminal activity in the first half of 2013, with physical theft of cards using...
When regulators define mathematics, the apparent certainty that the science brings is thrown to the wind. Big banks are currently selling off cash reserves, issuing stock and swapping the labels over ...
It’s Sept 2013, and we’re upon the anniversary of Lehman Brothers. Much editorial this week has been devoted to the perceived risk that still exists in the banking system. Haven’t regulators reformed ...
We can soon expect the European Central Bank (ECB) to outline the details of the Asset Quality Review (AQR), an examination of some 130 European banks’ assets, to be conducted in 2014. The AQR may wel...
Ockham’s Razor is one of the sharpest tools in the box of a journalist. The razor is a figurative tool, which identifies the truth as being the view that includes the fewest assumptions. The phrase “J...