1135 Results from 2009
Paul Penrose Head of Research at Finextra
Bank bosses just don't get it. BofA president Ken Lewis is once again in hot water after flying to a hearing in New York with Attorney General Andrew Cuomo on a luxury private jet. Lewis was there to answer questions about billion dollar bonus payouts to Merrill staff in December. Officials say he refused to supply the information Cuomo wanted, but...
27 February 2009 /retail /wholesale Whatever...
Retired Member
There is mucho incompetence over the pension issue that is in the Press at present. Our politicians are jumping on the bandwagon and either don't understand the issues, or are playing dumb for their own ends, and it's not very edifying to see this happen. The truth is that, in the RBS pension scheme, anyone who leaves is entitled to claim their pen...
27 February 2009 /retail Transaction Banking
The Times of India is reporting that TCS, the largest Indian outsourcer, is laying-off almost its entire marketing team in London along with a large percentage of their high-end consultants. The CEO has officially declared that there won't be any salary hikes & that emphasis would be more on employee efficiency, a management-ruse for laying-o...
27 February 2009
Steve Ellis Founder at Finextra Research
Following on from Paul's post, effigy burning is obviously a step much too far. Without question. But for those with a robust sense of humour (and that definitely includes my friends who work in banks), this shot - courtesy vxla on Flickr - did make me chuckle.
27 February 2009 Whatever...
This is getting serious. Following on from the politically-sanctioned banking witch trials in Parliament, demonstrators have hanged an effigy of a banker from Marble Arch in protest at the growing financial crisis. The Evening Standard reports that a group called the Government of the Dead dressed up as zombies for the demonstration. Scores of rev...
The recent discussion about the virtues of a re-introduction of Glass-Steagall may have taken a wrong turn. Glass-Steagall was introduced to physically separate lending from securities underwriting and trading. The new debate is not about the same concept, but rather about the delineation of banking services to clients from proprietary trading act...
27 February 2009 Trends in Financial Services
OK so this may not be entirely relevant to our usual content covered here on Finextra but I wanted to use my blog profile as a platform to share with the world (well based on our recent user figures we're getting towards the whole world!) the training for and subsequent charity walk I will do doing in April. So what am I doing? From 22 - 28 April ...
26 February 2009 /payments /wholesale Whatever...
Elton Cane Digital product delivery at News Corp Australia
I recently started to listen to the audio version of two of my favourite magazines - The Economist and New Scientist, and have been impressed by the convenience and quality. I'm not a fan of the word podcast, and prefer to think of the medium as a new take on traditional radio journalism. So, with that in mind, Finextra has teamed up with the same ...
26 February 2009 Innovation in Financial Services
Robert Siciliano Security Analyst at Safr.me
The problem of identity theft continues to grow. The victims face an incredible amount of resistance when restoring their good name. Most spend an overwhelming amount of time fighting credit reporting companies, creditors and even law enforcement to clear their names. Relief may be in sight. A consortium of a number of companies in the identity t...
26 February 2009 /security /regulation
Picture the scene. “Hey, Tone. Many of of us don’t like the mess you left the country in, so you’re losing your PM’s pension.” “Maggie. Loads of your humble citizens think you wrecked the country when you were in charge. Say adieu to your pension. Oh, and by the way, you’ll have to pay back half of what you’ve received already.” “Johnny Boy...
26 February 2009 /retail Online Banking
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