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After five years of rehab, Citigroup has certainly figured out which side its bread is buttered and decided to go back to the old darling of banking, perhaps leaving the dealmakers licking their wound...
The Reserve Bank of Australia (RBA) has been encouraging Australian banks to innovate for some time now. In a consultation paper released earlier this year, the Central Bank highlighted calls for th...
Does anyone remember the scene from season five of The Wire, when Proposition Joe starts laundering the money from the New Day Co-op drug cartel in an off-shore bank in Antilles? (If not, get the box ...
Earlier this month, the Bank of England launched the Funding for Lending scheme, to lend money at below market rates to financial institutions. It is designed to prompt banks and lenders to make more ...
Only 46% of banks are confident that their company has adequate risk management tools and processes, and that management follows risk management recommendations, as found by a recent Tower Watson surv...
The world has been in crisis now for 5 years. That is a year longer than World War I and a year shorter than World War II. To me, the word crisis implies a short moment of panic when something is goin...
Government's decision to wind up the Payments Council and vest control in some form of statutory body raises serious issues of governance and commerciality. The underlying assumption that civil servan...
Late last week, Lloyds Banking group announced its mid-year results. Lloyds, the UK's biggest bank, posted a half-year loss of £439 million. The results were not surprising. The tide of economic tu...
Over five years ago, I'd written a post titled Cheque Deposit Systems — Are They Really Worth It? During the next couple of years, I'd found this equipment to be down every other time that I'd visited...
Sometimes, to understand where you need to go, you need to look back at what the past held. Banks previously employed a silo-based approach towards pricing and reacted only to competitive offerings wh...
I grew up in a world where a run on the ‘bank’ was never realistically going to happen. I grew up in a world where when someone wished to declare the truthfulness of their assertion they’d simply say ...
I have written at length in the past about the growing importance of flexibility and efficiency in banking IT systems. As competition from emerging markets grows with the rising powers of Asian banks...