Remember me

Register  |   Lost password?

 

 

MoneyScience Financial Training: Introduction to QuantLib Development with Luigi Ballabio - September 22-24, London, UK - Further Information
GPUs, Monte Carlo Simulation and Kooderive with Professor Mark Joshi - October 29-31, London, UK - Further Information

April 2012

Facebook’s IPO makes Wall Street redundant

April 30, 2012 Comments (0)

I’ve spent my life working with banks and technology firms, trying to align technology with business strategy and vice versa. And yet it was only yesterday that I realised that these two industries are ripping each other apart. The fact is that banking was managed in a risk averse way for centuries through diligent book-keeping on paper. Sure, you had crisis but the crisis would occur in a manageable form. The Italian Medici bankers lent money to the English and, thinking Royalty would always...

Things worth reading: 30th April 2012

April 30, 2012 Comments (0)

Things we're reading today include ... NBNK confident on Lloyds bank branch bidFinancial Times NBNK looks for Middle East support in Lloyds bid The Telegraph Taxpayers' stake in Royal Bank of Scotland could be sold before electionThe Telegraph MF Global leaves industry scarredFinancial Times    Insurer faces fat-cat storm over £4m goodbye to bossThe Independent Pay row risk at Standard CharteredThe Telegraph KPMG faces inquiry over rescue of HBOSThe Telegraph NYSE...

The Finanser's Week: 23rd April - 29th April 2012

April 29, 2012 Comments (0)

Our biggest stories of the week are ... Why is Wall Street called Wall Street? Did you ever wonder why Wall Street is called Wall Street? We all talk about Occupy Wall Street, an area of downtown New York that stretches across eight blocks from Broadway to South Street on the East River in Lower... 54 Hedge Fund managers join the 1,000 richest people in Britain There are 54 hedge fund managers among the Richest 1,000 people in Britain in The Sunday Times Rich List 2012, to be published this...

Why is Wall Street called Wall Street?

April 27, 2012 Comments (0)

Did you ever wonder why Wall Street is called Wall Street? We all talk about Occupy Wall Street, an area of downtown New York that stretches across eight blocks from Broadway to South Street on the East River in Lower Manhattan. Over time, the phrase has come to symbolise the financial markets of the United States as a whole. This is down to the fact that Wall Street is the home of the New York Stock Exchange, as well as several other major exchanges who have or had headquarters in the Wall...

54 Hedge Fund managers join the 1,000 richest people in Britain

April 27, 2012 Comments (0)

There are 54 hedge fund managers among the Richest 1,000 people in Britain in The Sunday Times Rich List 2012, to be published this weekend. THE 20 RICHEST HEDGE FUND MILLIONAIRES   Name Hedge fund 2012 wealth 2011 wealth 1 Alan Howard Brevan Howard £1,400m £975m 2 Robert Miller Sail Advisors £955m £1,000m 3 David Harding Winton Capital £800m £410m 4 Michael Platt Bluecrest Capital £650m £525m 5 Michael Hintze CQS...

Things worth reading: 27th April 2012

April 26, 2012 Comments (0)

Things we're reading today include ... Barclays' investment bank helps profits to £2.45bnThe Telegraph Shareholders set for mass vote against Barclays chief's dealThe Independent Barclays chairman Marcus Agius to apologise to shareholders for mishandling executive pay rowThe Telegraph   HSBC accused of 'massaging' job lossesThe Telegraph Santander UK warns on profits and mortgage lendingThe Telegraph Deutsche Bank hit by euro crisisBBC Banks trade bankers as Bank...

Let the mobile wallet wars begin

April 26, 2012 Comments (0)

I don’t normally cover press releases, but this one is a goodie as it’s announcing a new mobile wallet and, thanks to this chart (doubleclick chart to enlarge): Let the wallet wars begin. Here’s what the press release says: O2 today announced the launch of O2 Wallet - a seamless and secure digital wallet service that will deliver the benefits of mobile money to more UK consumers than any other product or service currently available. Here's the video: O2 Wallet is the new way to send and...

Things worth reading: 26th April 2012

April 25, 2012 Comments (0)

Things we're reading today include ... HSBC 'to cut 2,000 staff in UK'BBC HSBC targets back office workers in 2,000 UK job cutsThe Telegraph Management jobs go as HSBC cuts 2,000 from UK workforceThe Independent   RBS could lose £20bn of its value if banking reforms are introduced, warns chief Stephen HesterThe Telegraph RBS unit in US agrees to pay $137mFinancial Times RBS plans share consolidation to ease volatiltyThe Telegraph   Bob Diamond's £17.7m package at...

Innovation has to be driven top-down

April 25, 2012 Comments (0)

I did a webinar on innovation yesterday. It's a one-hour session, which you're welcome to watch if you have the time:   Alternatively or, in addition, here are the slides I presented if you want a quick view of the info provided. Innovation in financial services View more presentations from Chris Skinner. As you will see, there are case studies of firms ranging from USAA to Bank of America, Barclays to First Direct, PayPal to Square and more. The whole thing is also...

Things worth reading: 25th April 2012

April 25, 2012 Comments (0)

Things we're reading today include ... VIDEO: Is eurozone headed into new crisis?BBC AUDIO: Darling: Eurozone plan 'will not work'BBC Exposed: the hundreds of City millionaires in film tax loopholeThe Independent Thousands to receive fraud alertBBC Hard drives offer rich pickingsBBC AUDIO: Were interest rate swaps mis-sold?BBC Tyrie holds out chance of a Bank probeThe Independent Bankers' falling bonuses blow £550m hole in Osborne's targetsThe Independent Finance...