Latest opinions that Paul Penrose has shared on Finextra

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Paul Penrose

Head of Research

Finextra

Member since

06 Oct 2006

Location

London

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Paul's opinions

Hole in the wall gang rides again

Withdrawing funds from a Barclays cash machine today I noted that the UK banking group has added a trademark to its ‘hole in the wall’ branding. Barclays Bank first dispensed with the ATM acronym for its cash machine stock in 2006, preferring to re-label the machines with the more colloquial phrase ‘hole in the wall’. The initiative was dreamt up b...

29 April 2008 /retail

The Americanisation of Reuters

Nice to see that plain old Tom Glocer has been upgraded to the more commanding Thomas H Glocer in his new role as chief of Thomson Reuters.

28 April 2008 /wholesale Where are they now?

Citi has never sought 'crisis advice' from HP

Don Callahan, Citigroup's chief administrative officer, has taken strong exception to a news item in the Financial Times which reported that the universal bank had sought advice from Hewlett-Packard about how to revive its business without splitting up the company. "For the record, Citigroup has long been a client of Hewlett-Packard for vario...

28 April 2008 /retail /wholesale

SocGen rogue trader lands new job

Who says crime doesn't pay? Jerome Kerviel, the rogue trader allegedly responsible for $7.3 billion losses at SocGen, has got a new job - as a computer consultant. Kerviel is working for LCA computer consultancy in the Paris suburb of Levallois, hired by the same man who hid him from journalists after the SocGen scandal broke. He was offered the j...

28 April 2008 /regulation /wholesale Where are they now?

Do you Web 2.0?

Enterprise spending on Web 2.0 technologies will surge over the next five years, growing 43% each year to reach $4.6 billion globally by 2013, according to a new report from Forrester Research. Currently, large businesses are spending more on employee collaboration tools than customer-facing Web 2.0 technologies, but Forrester expects that trend t...

24 April 2008 /retail Finance 2.0

Thomson Reuters fails intelligent information test

The newly-merged Thomson Reuters combo made an inauspicious start to its first day's trading yesterday. Brokers, spooked by the rising tide of red ink and job losses in the investment banking sector, responded with a clamour of sell notes, sending shares in the company tumbling on its market debut. But just how far did the stock fall? The answer t...

18 April 2008 /wholesale Finextra50 fintech index

CEBR Cassandras accused of over-optimism

The CEBR forecast for 20,000 credit crunched job losses in the City of London has been trumped by a new analysis from JPMorgan property analysts which puts the total number of redundancies at something closer to 40,000. To be fair, JPMorgan's figures embrace a wider definition of the 'City', taking in Canary Wharf and some parts of the West End, an...

15 April 2008 /wholesale Finextra50 fintech index

Customers force-fed card security standards

Two of the UK’s biggest banks, Barclays and NatWest, have moved to make subscription to MasterCard SecureCode and Verified by Visa mandatory for debit card payments made online to approved merchants. I know this because I recently tried to pay off my credit card bill and was forced to sign up for the card scheme security standards. This entailed a...

14 April 2008 /security Trends in Financial Services

Money makes the world go around

How do you get senior management buy-in for a commitment to environmental sustainability and carbon neutrality? By hitting executives where it hurts – in the back pocket. That’s the approach that’s been taken by HSBC, where environmental sustainability objectives have been linked to bonus payments in the board room. The global banking giant has co...

11 April 2008 /retail /wholesale Going green

Green is good

Organisations that are tempted to cut back on green PC initiatives as part of wider IT cost-cutting efforts may find themselves out of pocket in the near- to mid-term, according to Gartner. For most companies, being green actually saves money and alleviates some of the pressure on IT budgets, says the analyst house. Here at Finextra, we'll be exp...

08 April 2008 /retail /wholesale Going green