I would argue that the Financial Services sector in the UK has been consuming too high a proportion of top talent. I graduated from Cambridge in 1993 and a very large proportion of the quantitative types from my year group went into banking and the FS side of management consultancy (as I did). It's hard to argue that this talent has been put to the best use given what happened during the crisis and the state we now find European banks in today. If more talent now moves into other sectors (healthcare, education, engineering, etc) that have been starved of top talent then that can't be a bad thing
29 Jan 2020 16:23 Read comment
I fund it irresponsible when journalists show pictures of a bitcoin or ethereum represented as a physical coin. My father-in-law (a medical doctor) was surprised when I told him they were not physical coins as a result of all these misleading graphics. His follow-up question was “what are they made of then?” There is going to be a big backlash from all this stuff being mis-sold into retail channels and journalists have played their part.
08 Nov 2019 11:29 Read comment
My assumption is that the reserves will be ringfenced to underpin the Libra currency. A Libra wallet won't pay any interest but Banks and Calibra will then offer savings accounts within the ecosystem which they will be able to reinvest as they wish (in loans and mortgages) but that will require a banking license and for them to hold capital and liquidity reserves.
27 Jun 2019 16:32 Read comment
For those interested you can read the Libra whitepaper here: https://libra.org/en-US/white-paper/
25 Jun 2019 12:44 Read comment
@David Gyori my idea is not for a “multi brand” branch. As with an ATM, the branch would have a single bank brand but would be open to customers of other banks
19 Jun 2019 11:53 Read comment
Michel BaxManager Liquidity management Operations
Artyr Callau
Benjamin ThurlowBD- B2B/commercial card issuance and acceptance
Vit Arnautov
Cindy Heidebluth
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