278 Results from 2008, /retail
Gary Wright Analyst at BISS Research
Now that governments across Europe have part nationalised the banks perhaps we can get away from the hysteria in the media, which is focussing too much on the market value and not on the underlying. The nationalisation of banks has effectively removed the banks from normal company valuations because of the various terms insisted on by the governme...
15 October 2008 /retail EBAday
Alex Noble Account Director at McAfee
An interesting story on Finextra that Barclays are to create over 200 new call centre jobs in Liverpool. A lot of reasons why this is interesting. One is that with the credit crunch it's good to see that the world hasn't ended and that banks are still going about (some) of their usual business. The other aspect that I thought interesting is that...
14 October 2008 /retail
The part nationalisation of UK banks looks like it will become a global phenomenon with the US already moving towards this solution and the EU following suit if weekend reports are accurate. Is this a bad thing for the tax payer? Despite what tax payers feel about greedy bankers and their reckless use of our money, the salvation of the banks is cru...
14 October 2008 /payments /retail SEPA and European Payments
When you listen to the news and read the various reports on the financial crisis, the market's crash it is always intertwined with the problems in the economy. However, the two do not have as close a link as the media always report. The economy is a slow moving beast with impacts both good and bad taking time to filter through. The economy has mor...
14 October 2008 /retail /wholesale Data Management 101
Retired Member
In an act of extraordinary spite, the Government has revealed its true Socialist heart, with regard to the banking rescue. It seems that the sole bearer of the downside is to be the ordinary shareholder, in a move that has also left the banks with a mountain to climb that is much higher than Everest – maybe Mons Valeris on Mars would be more like...
13 October 2008 /retail
Jonathan Rosenne Chairman at QSM Programming Ltd.
Every use of the PIN exposes it, and the exposure has a cost attached. For small value transactions, say less than 50 Pounds, it is probably not economically justified. Moreover, establishements where most of the transactions are low value could probably use much cheaper terminals, that do not have PIN pads at all. No PIN used, no PIN stolen.
13 October 2008 /retail Trends in Financial Services
Paul Penrose Head of Research at Finextra
The credit crunch is no laughing matter, but as any psychologist will tell you, laughter is a way of dealing with extraordinary events that challenge our system of beliefs. So, in the interests of good mental health, here's a selection of some of the best gags currently doing the rounds. Q: What is the definition of optimism? A: An investment banke...
10 October 2008 /retail /wholesale Whatever...
It appears to me that the best way to start clawing back from the abyss in the financial services industry, has to be the reclamation of business ethics. The scandalous bonuses paid to people who worship the buck at the expense of the industry and its clients have to be brought back into line. Stripping the market at any cost is not the best way t...
10 October 2008 /retail Data Management 101
A digital clock erected in Times Square to show the US national debt has run out of digits. When the national debt level passed the $10 trillion mark a couple of weeks ago, the digital display failed to keep pace. The board was first erected to highlight the $2.7 trillion level of debt in 1989. A new board with extra digits is under construction. I...
09 October 2008 /retail /wholesale
Now I know this might be a small issue in the whole scheme of the global financial meltdown but HSBC seems to be plummeting to new depths of desperation. Only this week, I learnt how HSBC has been harassing, a recently graduated student, initially once a week over the past three weeks but more recently, this has increased to daily phone calls. A
09 October 2008 /payments /retail SEPA and European Payments
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