Rural wisdom about ringfencing banks
“Ringfencing” is the word of the day – in the City of London at least. On Wednesday night, chancellor of the exchequer George Osborne will get his annual opportunity to excite, extol or excoriate the...
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When “big” business looks like bad business
Most companies aim to get bigger. But beyond a certain point, bigness becomes synonymous with badness. Think of Big Pharma, Big Auto, Big Oil. Worse, if you are regularly described as one of the Big...
View ArticleBarnier redoubles siege of the Big Four auditors
European Union commissioner Michel Barnier’s proposals for tough new rules for audit firms have the Big Four professional services firms in a lather. As the specialist journal Accountancy Age puts it:...
View ArticleIs Amazon the Goldman Sachs of ecommerce?
Jeff Bezos is famously smart but I wonder whether he has thought through all the political implications of Amazon’s strategy of becoming back-office ecommerce infrastructure provider to the world. The...
View ArticleBlunt talk from Bailey over ‘bogus’ risk models
Having become accustomed over the years to the calm, soothing, “don’t panic” talk of financial regulators, it was a shock to read Andrew Bailey, the senior UK banking supervisor, bluntly describe...
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The sorry state of financial companies’ social media
The FCA: not to blame for social media caution (Chris Ratcliffe/Bloomberg) Some British banks have a long way to go with social media. At a conference on Wednesday morning, one institution admitted its...
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HSBC’s Stephen Green on banking, trust and ethics – in his own words
“Even if the truth is more complex than the headlines, re-establishing confidence in and respect for the banks will be a journey up a steep mountain.” Stephen Green – now Lord Green – has not commented...
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