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LIBOR and why it matters | risk that any bank could face a run on its deposits
There is a fascinating, though apparently esoteric debate going on in Banking circles. It is worth understanding the high level points though because it actually matters to bank employees, vendors, and...
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RBC p2p | an update
RBC have had their student blog up for a few months now, and thought I would check back in. About RBC p2p – Everything students need to know about money Ever notice that bank commercials tend to have a...
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A complete stranger told me …| The power of wesabe
A sobering and powerful post on the power of social media for financial services. [hat tip mmpartee] Such advice is interesting. At first glance one might ask whether it is serious. On the other hand...
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“Addicted to consumption”| where does that leave Banks
Umair writes some great stuff, but this post is a classic, and a keeper. “We’re addicted to consumption”, and “Do we need razors with ten blades – or a single blade that never dulls?” are classic...
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HSBC lay the law down with local business units
HSBC are doing what Citi have failed at to date. They are forcing local business units to adopt the central standard. For the life of me, I cannot tell why global Banks or any Bank with multiple...
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Platform vs market logic, applied to P2P Lending
Back from vacation, and thinking about all kinds of stuff. Long post on Social Capital coming, but meantime, and kind of related <in my mind> Umair does a nice job of discussing the merits of...
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Banks have to understand the ‘cloud’ and solve their security concerns
The latest report from PEW offers Banks something to think about. The reality of cloud computing already exists, with a clear majority of internet users taking advantage of the convenience of cloud...
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Paulson, Bernanke Push New Proposal to Cleanse Balance Sheets | huh!!
In a remarkable event that we will need to reflect on tomorrow, the Feds are going to remove bad investments from Banks Balance Sheets and take on the risk? Am I reading this correctly? That is...
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The essence of banking | Howard Davies – LSE
Sir Howard Davies, director of the London School of Economics sums up banking perfectly. New banking rules; tread carefully Banks engage in maturity transformation, turning sight deposits [which can be...
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The Enterprise of the Future in Financial Services | Five traits
Here is another study on the characteristics of financial services required to survive. IBM is always thoughtful and this one is no exception. They entitled the piece as applying to Financial...
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If Planet Mars were banker to the world, this planets credit cards would be...
While this is an interesting article, the point of this post is only to capture the quotes that show the extent of the unreasonable and unsustainable runaway growth in various aspects of the financial...
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A new future based on a different revenue model is needed for banks
Something has been bothering me for some time, and now the planets are beginning to align. One of the promises of Internet is a future which is more efficient. This literally means less money...
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The right idea for the times | UncrunchAmerica
The Canadian government, and governments in many countries remain concerned about consumer lending. At the same time there is great concern about bank capital reserves, and ability to cover future...
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Gen Y – change the generation, or change the strategy – which approach is...
I have long stated that understanding and building for Gen Y is an essential basic approach for online banking applications, and I refer you back to this post from 2 1/2 years ago which noted the view...
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banking 101 | All banks are vulnerable to runs
This is a fascinating and insightful paper by Willem Buiter and Anne Sibert on the failure of the Icelandic banking system, but with scary parallels to the UK system and others. In particular though,...
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Reintermediation underway for banking, will offer some improved opportunities...
In this investment commentary, B. B. & T a $137 Bn bank based in the Carolina’s is quoted talking of the re-intermediation of banking deposits. In particular he speaks of the return of deposits...
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Comment on “Beyond the age of leverage: new banks must arise”| Niall Ferguson
Niall Ferguson nails the ultimate irony in the world today. Every government is set on increasing debt as a means to solve the current crisis, however the reality is that they are potentially sending...
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The Great Unwinding | part 2 of 3: 2012 – 2020 of 3
Part 1 of this series was a dire assessment leaving doubts about of survival at all. It was a broad brush assessment of the crisis to date and directions being taken. However there will always be...
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Risk of bank default is back to Sept 08 / Lehman failure levels
Following along on the theme of what to do with the top banks, this indicator tells us the work to date has failed. All that money being placed in banks is not reducing the expected risk. This is a...
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RBC speak about convergence for EBPP and statements
The commentary here from Colin McKay, vice-president of e-business architecture RBC in this video interview, is refreshing to hear from a Bank. RBC discusses client reporting and customer statements |...
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