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’The history and future of banking, according to Andy Haldane
Andy Haldane’s latest speech is a coherent, logically argued history of modern banking that ends with four intriguing policy ideas. The Bank of England’s Executive Director, Financial Stability, is always worth reading but his Wincott Annual Memorial Lecture,
Forget banking. In Australia, it’s the miners who make the dosh.
Back in April, the FT reported that the City of London had been hit by a ‘brain drain’ to Australia, as British financial services professionals fled in droves for better weather and ‘comparatively more career opportunities in Sydney and Melbourne’.
Lord Myners believes in dour Scotsmen
Want to ensure that your bank is well-managed? Then appoint a cynical Scotsman to its audit committee.
Such was the advice proffered, in apparent seriousness, by the UK’s City Minister Paul Myners to a commission on the future of banking.
How do you say ‘bank bailout’ in Spanish?
Just in case you thought the financial crisis in the US of A was concentrated on the mainland, here’s some food for thought from Dow Jones (emphasis ours):
The Federal Deposit Insurance Corp. is seeking buyers for three banks in Puerto Rico,
Should European banking bosses keep their mouths shut?
PR firm Hill & Knowlton has begun to dabble in an arena usually reserved for its banking clients: modelling.
As the Gorkana PR service reported on Thursday:
Hill & Knowlton in conjunction with Commetric have developed a model,
The synchronous lateral excitation of markets (or pseudo-wobbles)
John Cassidy, writing in the latest edition of the New Yorker, tells the story of London’s Millennium Bridge in a long, slow-burn introduction to a longer and (by now) very familiar discussion of what went wrong in the Great Crunch.
On the (de)merits of small banks in developing countries
Over at the Economist’s Free exchange blog, a handful of top-flight economists (as one would expect) have been engaged in a lively debate on the optimal size and complexity of developing countries’ financial systems.
Darling’s banking reforms attacked
Alistair Darling’s blueprint for reforming the financial regulatory regime on Wednesday failed to impress the City and drew withering fire from the Conservatives, who vowed to reverse the report’s main proposals should the party win the next election,
Darling to crack down on riskiest banks
Alistair Darling will outline a tough regulatory regime for the financial services industry on Wednesday that would impose heavier capital and liquidity standards on banks that pose the greatest risk to the financial system.
Charts du jour: US vs European banking equities
Via Reuters columnist John Kemp, here’s a dose of chart porn.
The charts below show the performance of banking equities (via indices) year to date. Chart one renders the performance in local currency terms,
How will this work?
We’ve no idea what this new web site is or does but we’ve signed up for e-mail alerts.
Related link:
The American dream – FT Alphaville