3664 Results from /retail
Paul Penrose Head of Research at Finextra
Bank bosses just don't get it. BofA president Ken Lewis is once again in hot water after flying to a hearing in New York with Attorney General Andrew Cuomo on a luxury private jet. Lewis was there to answer questions about billion dollar bonus payouts to Merrill staff in December. Officials say he refused to supply the information Cuomo wanted, but...
27 February 2009 /retail /wholesale Whatever...
Retired Member
There is mucho incompetence over the pension issue that is in the Press at present. Our politicians are jumping on the bandwagon and either don't understand the issues, or are playing dumb for their own ends, and it's not very edifying to see this happen. The truth is that, in the RBS pension scheme, anyone who leaves is entitled to claim their pen...
27 February 2009 /retail Transaction Banking
This is getting serious. Following on from the politically-sanctioned banking witch trials in Parliament, demonstrators have hanged an effigy of a banker from Marble Arch in protest at the growing financial crisis. The Evening Standard reports that a group called the Government of the Dead dressed up as zombies for the demonstration. Scores of rev...
Picture the scene. “Hey, Tone. Many of of us don’t like the mess you left the country in, so you’re losing your PM’s pension.” “Maggie. Loads of your humble citizens think you wrecked the country when you were in charge. Say adieu to your pension. Oh, and by the way, you’ll have to pay back half of what you’ve received already.” “Johnny Boy...
26 February 2009 /retail Online Banking
Bank of America twitterer David Knapp at BofA_help has outed an impersonator operating under the monicker bofabanker. The anonymous BofA imposter set up his Twitter account yesterday and claimed to be a bona fide staffer at the West Coast bank. Knapp contacted him online saying: "I work for Bank of America, please send me a DM so we can disc...
25 February 2009 /retail Finance 2.0
What's the diference between Bank of America and Wells Fargo? Citibank and JPMorgan Chase? Royal Bank of Scotland and HSBC? Hbos and Barclays? From a consumer perspective, very little. They all offer much the same products, charge much the same fees, and use much the same distribution networks. For sure, some may be better capitalised than others. ...
25 February 2009 /retail Futuristic Banking
Matt White North America editor at Finextra
Justice secretary Jack Straw is plastered all over the papers this morning after it emerged his hotmail account has been hacked by Nigerian scammers. The crims used the account to e-mail hundreds of Straw's contacts - including constituents, Labour party members and council bosses - claiming the MP was stuck in Lagos after losing his wallet. The e...
25 February 2009 /security /retail Whatever...
As the recession bites, more and more of us are turning to personal finance management tools to keep control of dwindling funds. One of the big boy in the US is Intuit with its Quicken Online offering but it seems to have been spooked by young whippersnapper Mint, sending a nasty letter to its rival demanding evidence to back up published user fig...
24 February 2009 /retail Futuristic Banking
Most old-fashioned lending bankers would probably see the belated recognition that we need to reintroduce lending controls as a step in the right direction. For some time now, some of us have argued that there should be limits placed on the amount people can borrow, both from a salary and loan-to-purchase value point of view. We should never hav...
23 February 2009 /regulation /retail Online Banking
This market is playing with our future like a dog with a ball. Consider that one year ago RBS paid $100bn for ABN Amro. That seemingly impossible amount would now buy: more
21 February 2009 /retail Transaction Banking
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